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Registered number: 13589082










FOURTH WALL FEP4 LIMITED










Financial statements

Information for filing with the registrar

For the year ended 30 September 2024

 
FOURTH WALL FEP4 LIMITED
Registered number: 13589082

Balance sheet
As at 30 September 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
519,538
138,661

Debtors: amounts falling due within one year
 4 
50,179
63,878

Cash at bank and in hand
  
142
814

  
569,859
203,353

Creditors: amounts falling due within one year
 5 
(606,272)
(96,389)

Net current (liabilities)/assets
  
 
 
(36,413)
 
 
106,964

Total assets less current liabilities
  
(36,413)
106,964

  

Net (liabilities)/assets
  
(36,413)
106,964


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
(36,414)
106,963

  
(36,413)
106,964


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr A J Botes
Director

Date: 27 June 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
FOURTH WALL FEP4 LIMITED
 

 
Notes to the financial statements
For the year ended 30 September 2024

1.


General information

Fourth Wall FEP4 Limited is a private company limited by shares incorporated in England and Wales. The
registered office is 2 Riverview Business Park, Shore Wood Road, Bromborough, Wirral, CH62 3RQ and
the company registration number is 13589082.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are presented in Sterling which is the functional currency of the company and are stated to the nearest £1.
The following principal accounting policies have been applied:

 
2.2

Going concern

The company is reliant upon the continuing support of the group to meet its financial obligations as they fall due. The company has received confirmation from the group that this financial support will be provided for a period not less than 12 months from the approval of these financial statements. As such the directors believe the company to be a going concern and the financial statements have been prepared on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
FOURTH WALL FEP4 LIMITED
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 3

 
FOURTH WALL FEP4 LIMITED
 

 
Notes to the financial statements
For the year ended 30 September 2024

4.


Debtors

2024
2023
£
£


Other debtors
50,179
55,383

Prepayments and accrued income
-
8,495

50,179
63,878



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
60,258
72,140

Amounts owed to group undertakings
519,538
8,434

Other taxation and social security
21,976
12,815

Accruals and deferred income
4,500
3,000

606,272
96,389



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



7.


Related party transactions

The company has taken advantage of the exemption in section 33.1A of FRS 102 102 from disclosing transactions entered into between two or more members of a group, as all subsidiaries are wholly owned.


8.


Controlling party

The ultimate controlling party is the parent company, Fourth Wall Creative Limited.


9.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 27 June 2025 by James Bagley (Senior statutory auditor) on behalf of PKF Smith Cooper Audit Limited.


Page 4