FOUR PAR LTD

Company Registration Number:
07446706 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

FOUR PAR LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

FOUR PAR LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 400,100 290,134
Total fixed assets: 400,100 290,134
Current assets
Debtors:     1,419
Cash at bank and in hand: 163 100
Total current assets: 163 1,519
Creditors: amounts falling due within one year:   (166,249) (147,374)
Net current assets (liabilities): (166,086) (145,855)
Total assets less current liabilities: 234,014 144,279
Creditors: amounts falling due after more than one year:   (37,068) (60,399)
Provision for liabilities: (45,100) (17,600)
Total net assets (liabilities): 151,846 66,280
Capital and reserves
Called up share capital: 120 120
Revaluation reserve:4144,90062,400
Profit and loss account: 6,826 3,760
Shareholders funds: 151,846 66,280

The notes form part of these financial statements

FOUR PAR LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 January 2025
and signed on behalf of the board by:

Name: B Forrest
Status: Director

The notes form part of these financial statements

FOUR PAR LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable of rents, excluding discounts and rebates.

Tangible fixed assets and depreciation policy

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Land & buildings - Nil Plant & machinery - 25% Reducing Balance Basis

Other accounting policies

Deferred taxation Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted. Investment property Investment property is included at market fair value provided by the directors. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

FOUR PAR LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

FOUR PAR LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 290,179
Revaluations 110,000
At 31 December 2023 400,179
Depreciation
At 01 January 2023 45
Charge for year 34
At 31 December 2023 79
Net book value
At 31 December 2023 400,100
At 31 December 2022 290,134

Carrying amount of land and buildings on cost basis is £210,000 (2022: £210,000).

FOUR PAR LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Revaluation reserve

2023
£
Balance at 01 January 2023 62,400
Surplus or deficit after revaluation 82,500
Balance at 31 December 2023 144,900

FOUR PAR LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Related party transactions

At the year end, there are amounts owed to shareholders and connected parties amounting to £140,743 (2022: £129,390) and is included in current liabilities.