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REGISTERED NUMBER: 08696544 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

4G PROPERTIES LIMITED

4G PROPERTIES LIMITED (REGISTERED NUMBER: 08696544)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


4G PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr G S Manchanda
Mrs G K Manchanda
Mr G S Manchanda





REGISTERED OFFICE: Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF





REGISTERED NUMBER: 08696544 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
4G PROPERTIES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 4G Properties Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of 4G Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 4G Properties Limited and state those matters that we have agreed to state to the Board of Directors of 4G Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 4G Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that 4G Properties 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 profit of 4G Properties Limited. You consider that 4G Properties 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 4G Properties 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.






E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF


15 May 2025

4G PROPERTIES LIMITED (REGISTERED NUMBER: 08696544)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,679 92,496
Investment property 5 3,317,062 3,308,598
3,396,741 3,401,094

CURRENT ASSETS
Debtors 6 724,550 924,412
Cash at bank 168,670 11,543
893,220 935,955
CREDITORS
Amounts falling due within one year 7 320,367 365,351
NET CURRENT ASSETS 572,853 570,604
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,969,594

3,971,698

CREDITORS
Amounts falling due after more than one
year

8

1,371,423

1,435,149
NET ASSETS 2,598,171 2,536,549

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,598,071 2,536,449
SHAREHOLDERS' FUNDS 2,598,171 2,536,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:





Mr G S Manchanda - Director


4G PROPERTIES LIMITED (REGISTERED NUMBER: 08696544)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

4G Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Rental income
Rental income is billed in advance and then allocated to the appropriate period. Therefore, deferred revenue generally represents the proportion of rentals invoiced in advance as at the reporting date and any advance payments from tenants.

Revenue is recognised when it is probable that the economic benefits associated with the transaction will flow to the Company and the amount of revenue can be measured reliably.

Rental income is measured as the fair value of the consideration received or receivable , excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4G PROPERTIES LIMITED (REGISTERED NUMBER: 08696544)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 October 2023 74,750 42,693 117,443
Additions - 9,980 9,980
Disposals (893 ) - (893 )
At 30 September 2024 73,857 52,673 126,530
DEPRECIATION
At 1 October 2023 4,983 19,964 24,947
Charge for year 13,727 8,177 21,904
At 30 September 2024 18,710 28,141 46,851
NET BOOK VALUE
At 30 September 2024 55,147 24,532 79,679
At 30 September 2023 69,767 22,729 92,496

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 October 2023 74,750
Disposals (893 )
At 30 September 2024 73,857
DEPRECIATION
At 1 October 2023 4,983
Charge for year 13,727
At 30 September 2024 18,710
NET BOOK VALUE
At 30 September 2024 55,147
At 30 September 2023 69,767

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 3,308,598
Additions 8,464
At 30 September 2024 3,317,062
NET BOOK VALUE
At 30 September 2024 3,317,062
At 30 September 2023 3,308,598

4G PROPERTIES LIMITED (REGISTERED NUMBER: 08696544)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. INVESTMENT PROPERTY - continued

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2015 423,239
Valuation in 2019 6,444
Valuation in 2020 875,000
Valuation in 2021 1,167,588
Cost 844,791
3,317,062

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 836,327 836,327

Investment properties were valued on an open market basis on 30 September 2020 by Aitchison Raffety .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 724,550 924,412

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 48,279 46,662
Hire purchase contracts (see note 9) 14,752 29,900
Trade creditors 21,294 56,510
Taxation and social security 42,496 39,194
Other creditors 193,546 193,085
320,367 365,351

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,327,049 1,375,329
Hire purchase contracts (see note 9) 44,374 59,820
1,371,423 1,435,149

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,172,864 1,210,575

4G PROPERTIES LIMITED (REGISTERED NUMBER: 08696544)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 19,328 34,105
Between one and five years 58,104 76,741
77,432 110,846

Finance charges repayable:
Within one year 4,576 4,205
Between one and five years 13,730 16,921
18,306 21,126

Net obligations repayable:
Within one year 14,752 29,900
Between one and five years 44,374 59,820
59,126 89,720

Non-cancellable operating leases
2024 2023
£    £   
Within one year 14,127 -
Between one and five years 16,481 -
30,608 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,375,328 1,421,991

11. RELATED PARTY DISCLOSURES

2024 2023
£ £

Amounts due from associates 678,944 863,374

Associates are companies under the common control of the directors. None of the amounts outstanding are interest bearing for the current or previous year.