COMPANY REGISTRATION NUMBER:
04620636
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
30 December 2024
Current assets
|
Debtors |
5 |
5,929,616 |
5,883,234 |
|
Cash at bank and in hand |
985 |
5,755 |
|
------------ |
------------ |
|
5,930,601 |
5,888,989 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
5,941,652 |
5,895,468 |
|
------------ |
------------ |
|
Net current liabilities |
11,051 |
6,479 |
|
-------- |
------- |
|
Total assets less current liabilities |
(
11,051) |
(
6,479) |
|
-------- |
------- |
|
Net liabilities |
(
11,051) |
(
6,479) |
|
-------- |
------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
7 |
75,750 |
75,750 |
|
Share premium account |
9,000 |
9,000 |
|
Capital redemption reserve |
25,000 |
25,000 |
|
Profit and loss account |
(
120,801) |
(
116,229) |
|
--------- |
--------- |
|
Shareholder deficit |
(
11,051) |
(
6,479) |
|
--------- |
--------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
|
30 December 2024
These financial statements were approved by the
board of directors
and authorised for issue on
30 November 2025
, and are signed on behalf of the board by:
Company registration number:
04620636
|
Notes to the Financial Statements |
|
Year ended 30 December 2024
1.
General information
Only 4 U Limited, is a private company limited by shares, registration number
04620636
, incorporated in England and Wales. Its registered office is 99 Kenton Road, Harrow, HA3 0AN. Its principal place of business is Elmsdale House, 31 The Green, Money Lane, West Drayton, UB7 7PN.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company meets its day to day working capital requirements with the support of its parent company and other group companies. The directors are therefore satisfied that the company can meet its obligations as they fall due for a period of at least 12 months from the date of signing of these financial statements. As such, the directors believe it is appropriate to prepare the financial statements on a going concern basis which assumes that the company will continue in operational existence in the future with the continued support of the parent company and other group companies. These financial statements do not include any adjustments that would result from the withdrawal of the support of the parent company and other group companies.
Income tax
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Debtors
Short term debtors are measured at transaction price, less any impairment. Long term debtors are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Amounts owed by group undertakings |
5,929,339 |
5,883,164 |
|
Other debtors |
277 |
70 |
|
------------ |
------------ |
|
5,929,616 |
5,883,234 |
|
------------ |
------------ |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
420 |
420 |
|
Amounts owed to group undertakings |
5,940,232 |
5,891,298 |
|
Accruals and deferred income |
1,000 |
3,750 |
|
------------ |
------------ |
|
5,941,652 |
5,895,468 |
|
------------ |
------------ |
|
|
|
7.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
75,750 |
75,750 |
75,750 |
75,750 |
|
-------- |
-------- |
-------- |
-------- |
|
|
|
|
|
8.
Controlling party
The ultimate parent company is
Raptor Capital Limited,
a company incorporated in the United Kingdom. There is not considered to be a single controlling party
.