Registration number: 09539656

Four Square N W Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 8

Four Square N W Limited

Company Information

Directors

R D Heaton L M Heaton

Registered office

Can Y Mor Llanaber Barmouth Gwynedd LL42 1AQ

Accountants

CBSL Accountants Limited Chartered Accountants Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Four Square N W Limited

(Registration number: 09539656)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,569,551	1,570,700
Current assets
Debtors	5	3,152	2,602
Cash at bank and in hand		9,445	16,833
		12,597	19,435
Creditors: Amounts falling due within one year	6	(742,781)	(740,765)
Net current liabilities		(730,184)	(721,330)
Total assets less current liabilities		839,367	849,370
Creditors: Amounts falling due after more than one year	6	(332,049)	(362,646)
Net assets		507,318	486,724
Capital and reserves
Called up share capital	7	500,000	500,000
Retained earnings		7,318	(13,276)
Shareholders' funds		507,318	486,724

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Four Square N W Limited

(Registration number: 09539656)
Balance Sheet as at 31 March 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 October 2025 and signed on its behalf by:
 

R D Heaton Director

Four Square N W Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Can Y Mor
Llanaber
Barmouth
Gwynedd
LL42 1AQ
Wales

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

In the opinion of the directors, continued financial support will be available such that the company will continue to trade and satisfy its financial commitments.

On the basis of this opinion the financial statements have been prepared on the going concern basis, if, for whatever reason, the necessary financial support is not forthcoming then the basis may be inappropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Four Square N W Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	33% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in nature, location or condition of the specific asset. Changes in fair value are recognised through profit and loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Four Square N W Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Investment Property £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	1,567,635	89,174	1,656,809
At 31 March 2025	1,567,635	89,174	1,656,809
Depreciation
At 1 April 2024	-	86,109	86,109
Charge for the year	-	1,149	1,149
At 31 March 2025	-	87,258	87,258
Carrying amount
At 31 March 2025	1,567,635	1,916	1,569,551
At 31 March 2024	1,567,635	3,065	1,570,700

In the opinion of the directors the open market valuation of the investment properties at the balance sheet date is not significantly dissimilar to the cost at which it is included.

Four Square N W Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

5

Debtors

Current	2025 £	2024 £
Trade debtors	1,439	960
Prepayments	1,713	1,642
	3,152	2,602

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	35,051	35,051
Trade creditors		467	453
Amounts owed to group undertakings and undertakings in which the company has a participating interest	9	701,000	701,000
Taxation and social security		1,898	-
Accruals and deferred income		4,365	4,261
		742,781	740,765