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REGISTERED NUMBER: 02655407 (England and Wales)














Financial Statements for the Year Ended 31 October 2024

for

Four Square Partnership Limited

Four Square Partnership Limited (Registered number: 02655407)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Four Square Partnership Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr A J Mullinger
Mr D S H Thompson





REGISTERED OFFICE: 3 Fairway Crescent
Preston Parade
Seatsalter
Whitstable
Kent
CT5 4QS





REGISTERED NUMBER: 02655407 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Four Square Partnership Limited (Registered number: 02655407)

Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,041 3,041
Investment property 5 787,500 787,500
790,541 790,541

CURRENT ASSETS
Debtors 6 28,934 28,934
Cash at bank 26,269 31,191
55,203 60,125
CREDITORS
Amounts falling due within one year 7 33,380 35,169
NET CURRENT ASSETS 21,823 24,956
TOTAL ASSETS LESS CURRENT LIABILITIES 812,364 815,497

CREDITORS
Amounts falling due after more than one year 8 16,297 19,958
NET ASSETS 796,067 795,539

CAPITAL AND RESERVES
Called up share capital 84 84
Revaluation reserve 10 460,551 460,551
Retained earnings 335,432 334,904
SHAREHOLDERS' FUNDS 796,067 795,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Four Square Partnership Limited (Registered number: 02655407)

Statement of Financial Position - continued
31 October 2024


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 9 July 2025 and were signed on its behalf by:




Mr A J Mullinger - Director



Mr D S H Thompson - Director


Four Square Partnership Limited (Registered number: 02655407)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Four Square Partnership 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

In accordance with the Financial Reporting Standard for Smaller Entities, the company's investment properties are held as long term investments and are included in the Balance Sheet at their open market values. The surplus(es) or deficit(s) on revaluation of such properties are transferred to the revaluation reserve account. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Depreciation or amortisation is not provided in respect of freehold investment properties, as it is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified. This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider this policy is necessary in order that the accounts may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS

At the 31 October 2023 the company held investments in listed shares of £3,041 (2024: £3,041)

Four Square Partnership Limited (Registered number: 02655407)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 787,500
NET BOOK VALUE
At 31 October 2024 787,500
At 31 October 2023 787,500

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2024 787,500

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

31.10.24 31.10.23
£    £   
Cost 326,949 326,949

The investment properties were valued on an open market basis on 31 October 2018 by external market data. .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 28,934 28,934

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 4,200 4,200
Taxation and social security 9,489 10,468
Other creditors 19,691 20,501
33,380 35,169

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 16,297 19,958

Four Square Partnership Limited (Registered number: 02655407)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.10.24 31.10.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,297 19,958

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 20,497 24,158

10. RESERVES
Revaluation
reserve
£   
At 1 November 2023
and 31 October 2024 460,551

11. RELATED PARTY DISCLOSURES

The directors Mr. A Mullinger and Mr. D S H Thompson are considered to be key management personnel.

Mullinger Banks Solicitors, a partnership in which A J Mullinger (a director) has an interest, owns 50% of a property jointly with the company and shares the rent and expenses equally.

All related party transactions were at arms length.