REGISTERED NUMBER: 11026598 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

4SH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S D Saltoun

REGISTERED OFFICE:

Cardonet

7 Stean Street

London

E8 4ED

REGISTERED NUMBER:

11026598 (England and Wales)

ACCOUNTANTS:

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

FIXED ASSETS

Investment property

4

3,107,000

2,077,516

CURRENT ASSETS

Debtors

5

-

2,711

Cash at bank

65,922

59,683

65,922

62,394

CREDITORS

Amounts falling due within one year

6

2,188,237

1,540,396

NET CURRENT LIABILITIES

(2,122,315

)

(1,478,002

)

TOTAL ASSETS LESS CURRENT LIABILITIES

984,685

599,514

CREDITORS

Amounts falling due after more than one year

7

1,802,039

960,000

NET LIABILITIES

(817,354

)

(360,486

)

CAPITAL AND RESERVES

Called up share capital

1

1

Other reserves

(320,516

)

-

Profit and loss account

(496,839

)

(360,487

)

(817,354

)

(360,486

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 December 2025 and were signed by:

Mr S D Saltoun - Director

1.	STATUTORY INFORMATION

4SH 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

Turnover 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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual

provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current asset investments, represented by listed investments, are subsequently recognised at market value.

Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.

Financial liabilities that are classified as payable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an

enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,077,516

Additions

1,350,000

Revaluations

(320,516

)

At 31 March 2025

3,107,000

NET BOOK VALUE

At 31 March 2025

3,107,000

At 31 March 2024

2,077,516

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

(320,516

)

Cost

3,427,516

3,107,000

Investment property was valued on an open market basis on 31 March 2025 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

2,711

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

2,146,325

1,513,049

Other creditors

41,912

27,347

2,188,237

1,540,396

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,802,039

960,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,802,039

960,000

Included in Bank Loans is an interest only loan of £960,000 secured on the property at Flat 4 Stockleigh Hall, 51 Prince Albert Road, London NW8 7LA. During the year interest of £71,992 (2024: £70,446) was charged on this loan, of which £17,997 (2024: £17,997) was accrued at year end.

8.	RELATED PARTY DISCLOSURES

Included in Amounts owed to group undertakings is a loan from SDSN Holdings Ltd of £2,146,325 (2024: £1,513,048) of which Mr S Saltoun is 100% shareholder. The additional loan received during the year was £633,276 (2024: £131,584). The loan is unsecured, not subject to interest and is repayable on demand.