The Fourway Group Limited - Limited company accounts 25.1

REGISTERED NUMBER: 03486013 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE FOURWAY GROUP LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

7

Other Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

13

DIRECTORS:

L G C Snell

Mrs I A Snell

G N Snell

SECRETARY:

Mrs I A Snell

REGISTERED OFFICE:

Unit A Argyle Gate

Argyle Way

Stevenage

Hertfordshire

SG1 2AD

REGISTERED NUMBER:

03486013 (England and Wales)

SENIOR STATUTORY AUDITOR:

Paul Skipper BSc FCA

AUDITORS:

Fusion Audit Limited

Statutory Auditors

Bridge House

25 Fiddlebridge Lane

Hatfield

Hertfordshire

AL10 0SP

The directors present their strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS

The company did not trade during the year. Dividends were received from Fourway Communication Limited and were paid to the shareholders.

PRINCIPAL RISKS AND UNCERTAINTIES

The company relies on its income from its subsidiary company Fourway Communication Limited. That company operates in a challenging business environment, with tight margins. The income of The Fourway Group may be affected by unforeseen events outside of its control.

ON BEHALF OF THE BOARD:

Mrs I A Snell - Director

26 November 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a holding company.

DIVIDENDS

An interim dividend of 143000 per share on the Ordinary B £1 shares was paid on . The directors recommend that no final dividend be paid on these shares.

No interim dividend was paid on the Ordinary A £1 shares. The directors recommend that no final dividend be paid on these shares.

The total distribution of dividends for the year ended 31 March 2025 will be £ 128,000 .

DIRECTORS

The directors during the year under review were:

L N Snell

- resigned 5.1.25

L G C Snell

Mrs I A Snell

G N Snell

The directors holding office at 31 March 2025 did not hold any beneficial interest in the issued share capital of the company at 1 April 2024 or 31 March 2025.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Fusion Audit Limited, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

Mrs I A Snell - Director

26 November 2025

Opinion

We have audited the financial statements of The Fourway Group Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities to detect material misstatements in respect of irregularities, including fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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.

Paul Skipper BSc FCA (Senior Statutory Auditor)

for and on behalf of Fusion Audit Limited

Statutory Auditors

Bridge House

25 Fiddlebridge Lane

Hatfield

Hertfordshire

AL10 0SP

27 November 2025

TURNOVER

-

OPERATING PROFIT

-

Income from shares in group undertakings

128,000

143,600

PROFIT BEFORE TAXATION

128,000

143,600

Tax on profit

4

-

PROFIT FOR THE FINANCIAL YEAR

128,000

143,600

PROFIT FOR THE YEAR

128,000

143,600

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

128,000

143,600

FIXED ASSETS

Investments

6

10,100

CURRENT ASSETS

Debtors

7

19,100

NET CURRENT ASSETS

19,100

TOTAL ASSETS LESS CURRENT
LIABILITIES

29,200

CAPITAL AND RESERVES

Called up share capital

8

10,100

Retained earnings

9

19,100

SHAREHOLDERS' FUNDS

29,200

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

Mrs I A Snell - Director

Called up

share

Retained

Total

capital

earnings

equity

£

Balance at 1 April 2023

10,100

19,100

29,200

Changes in equity

Dividends

-

(143,600

)

(143,600

)

Total comprehensive income

-

143,600

Balance at 31 March 2024

10,100

19,100

29,200

Changes in equity

Dividends

-

(128,000

)

(128,000

)

Total comprehensive income

-

128,000

Balance at 31 March 2025

10,100

19,100

29,200

Cash flows from operating activities

Cash generated from operations

1

-

Cash flows from investing activities

Dividends received

128,000

143,600

Net cash from investing activities

128,000

143,600

Cash flows from financing activities

Equity dividends paid

(128,000

)

(143,600

)

Net cash from financing activities

(128,000

)

(143,600

)

Increase in cash and cash equivalents

-

Cash and cash equivalents at beginning of
year

-

Cash and cash equivalents at end of year

-

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.3.25

31.3.24

£

Profit before taxation

128,000

143,600

Finance income

(128,000

)

(143,600

)

Cash generated from operations

-

1.	STATUTORY INFORMATION

The Fourway Group 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about The Fourway Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 31 March 2025 nor for the year ended 31 March 2024.

The average number of employees during the year was as follows:

31.3.25

31.3.24

Directors

4

The company has no employees.

31.3.25

31.3.24

£

Directors' remuneration

-

4.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 31 March 2025 nor for the year ended 31 March 2024.

5.

DIVIDENDS

31.3.25

31.3.24

£

Ordinary A shares of £1 each

Interim

-

15,600

Ordinary B shares of £1 each

Interim

128,000

143,600

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

10,100

NET BOOK VALUE

At 31 March 2025

10,100

At 31 March 2024

10,100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Fourway Communication Limited

Registered office: Unit A Argyle Gate, Argyle Way, Stevenage, Hertfordshire, United Kingdom, SG1 2AD

Nature of business: Communications

%

Class of shares:

holding

Ordinary A

100.00

Ordinary B

100.00

31.3.25

31.3.24

£

Aggregate capital and reserves

2,687,203

1,990,792

Profit for the year

824,411

42,636

7.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Amounts owed by group undertakings

19,100

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

10,000

Ordinary A

£1

10,000

100

Ordinary B

£1

100

10,100

9.

RESERVES

Retained

earnings

£

At 1 April 2024

19,100

Profit for the year

128,000

Dividends

(128,000

)

At 31 March 2025

19,100

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs I A Snell.