REGISTERED NUMBER: 10656617 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

4M LONDON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T Clayton

K J Laber

J L Hart

REGISTERED OFFICE:

10 John St

London

WC1N 2EB

REGISTERED NUMBER:

10656617 (England and Wales)

AUDITORS:

Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

4

155,136

242,541

CURRENT ASSETS

Stocks

807,205

738,758

Debtors

5

201,313

103,628

Cash at bank

185,773

564,797

1,194,291

1,407,183

CREDITORS

Amounts falling due within one year

6

4,782,484

4,323,102

NET CURRENT LIABILITIES

(3,588,193

)

(2,915,919

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,433,057

)

(2,673,378

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(3,433,157

)

(2,673,478

)

SHAREHOLDERS' FUNDS

(3,433,057

)

(2,673,378

)

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 8 September 2025 and were signed on its behalf by:

K J Laber - Director

1.	STATUTORY INFORMATION

4M London 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.

The trading address of the company is 206 Design Centre East, Chelsea Harbour Design Centre, London, United Kingdom, SW10 0XF.

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.

The parent company has confirmed that they will continue to support the company for a period of at least 12 months and 1 day following the signing of the audit report attached to these financial statements. As such the directors have used the going concern basis in preparing the financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Revenue is entirely from the sale of goods and is recognised at the point in time when the risks and rewards of ownership are transferred to the customer, either upon delivery or collection by the customer.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less any accumulated depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

- straight line over 2 years and straight line over 3 years

Stocks

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the average cost method of valuation. Inventories are assessed for impairment at each reporting date and where the net realisable value is lower than cost, a provision is made to reduce the carrying amount of inventories to their net realisable value.

Financial instruments

Basic financial instruments as covered by Section 11 of FRS 102 (Section 1A) are measured at amortised cost. The company does not have any other financial instrument as covered by Section 12 of FRS 102 (Section 1A).

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Warranty provision

A warranty provision is recognised for sales which are later refunded via credit note. This is a best estimate based on the percentage of sales which are refunded in the first four months of the following year extrapolated over the total year's sales.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

272,857

Additions

4,533

At 31 December 2024

277,390

DEPRECIATION

At 1 January 2024

30,316

Charge for year

91,938

At 31 December 2024

122,254

NET BOOK VALUE

At 31 December 2024

155,136

At 31 December 2023

242,541

5.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

34,920

11,071

Other debtors

143,468

69,639

178,388

80,710

Amounts falling due after more than one year:

Other debtors & prepayments

22,925

22,918

Aggregate amounts

201,313

103,628

Included within other debtors is an amount of £22,918 (2023: £22,918) due after more than one year. This amount represents a security deposit returnable in 18 months. Management consider a discounting adjustment to be immaterial to the financial statements.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

46,887

22,374

Amounts owed to group undertakings

4,194,130

3,969,703

Taxation and social security

3,134

8,996

Other creditors & accruals

538,333

322,029

4,782,484

4,323,102

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

65,592

63,519

Between one and five years

54,000

162,500

119,592

226,019

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Amy Enslin (Senior Statutory Auditor)

for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-

"Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

10.	ULTIMATE PARENT COMPANY

The immediate parent company is 4M Capital Ltd, a company incorporated in the USA. The ultimate parent company is Norwest Equity Partners X LP, a company incorporated in the USA. Arteriors Holdings LLC, a company incorporated in the USA, is the smallest group company for which consolidated accounts are prepared, which are not available to the public.