Company registration number 12563252 (England and Wales)
FOURWAYS PROPERTY GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
FOURWAYS PROPERTY GROUP LIMITED
COMPANY INFORMATION
Directors
S Singh
M S Buray
S Singh
D Kaur
Secretary
S Singh
Company number
12563252
Registered office
612 Pershore Road
SellyPark
Birmingham
B29 7HQ
Accountants
Jerroms GCN Limited
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
FOURWAYS PROPERTY GROUP LIMITED
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 5
FOURWAYS PROPERTY GROUP LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF FOURWAYS PROPERTY GROUP LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fourways Property Group Limited for the year ended 30 April 2024 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of Fourways Property Group Limited, as a body, in accordance with the terms of our engagement letter dated 29 January 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Fourways Property Group Limited and state those matters that we have agreed to state to the board of directors of Fourways Property Group Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fourways Property Group Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Fourways Property Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fourways Property Group Limited. You consider that Fourways Property Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fourways Property Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jerroms GCN Limited
Chartered Certified Accountants
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
20 February 2025
FOURWAYS PROPERTY GROUP LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 APRIL 2024
30 April 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
859,821
847,139
Current assets
Cash at bank and in hand
8,061
1,461
Creditors: amounts falling due within one year
4
(908,114)
(872,409)
Net current liabilities
(900,053)
(870,948)
Net liabilities
(40,232)
(23,809)
Capital and reserves
Called up share capital
6
4
4
Profit and loss reserves
(40,236)
(23,813)
Total equity
(40,232)
(23,809)
FOURWAYS PROPERTY GROUP LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 3 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 20 February 2025 and are signed on its behalf by:
S Singh
Director
Company registration number 12563252 (England and Wales)
FOURWAYS PROPERTY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
1
Accounting policies
Company information

Fourways Property Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 612 Pershore Road, SellyPark, Birmingham, B29 7HQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
0%

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
FOURWAYS PROPERTY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
3
Tangible fixed assets
Freehold Property
£
Cost
At 1 May 2023
847,139
Additions
12,682
At 30 April 2024
859,821
Depreciation and impairment
At 1 May 2023 and 30 April 2024
-
0
Carrying amount
At 30 April 2024
859,821
At 30 April 2023
847,139
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
747,140
710,350
Trade creditors
-
0
15
Other creditors
160,974
162,044
908,114
872,409
5
Loans and overdrafts
2024
2023
£
£
Bank loans
747,140
710,350

On 30th June 2020 a fixed charge over property and undertaking of the company was registered in favour of Shawbrook Bank Limited. Further charges dated 29 June 2022 in favour of Together Commercial Finance and 26 May 2023 in favour of Landbay Partners Limited have been registered over property and undertakings of the company.

6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
4
4
4
4
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