2 2 First 4 Finance Limited 13419696 false 2024-05-01 2025-04-30 2025-04-30 The principal activity of the company is Buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true true 13419696 2024-05-01 2025-04-30 13419696 2025-04-30 13419696 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 13419696 1 2025-04-30 13419696 bus:SmallEntities 2024-05-01 2025-04-30 13419696 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 13419696 bus:FilletedAccounts 2024-05-01 2025-04-30 13419696 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 13419696 bus:RegisteredOffice 2024-05-01 2025-04-30 13419696 bus:CompanySecretaryDirector1 2024-05-01 2025-04-30 13419696 bus:Director1 2024-05-01 2025-04-30 13419696 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 13419696 core:ParentEntities 2024-05-01 2025-04-30 13419696 countries:England 2024-05-01 2025-04-30 13419696 1 2024-05-01 2025-04-30 13419696 1 2024-04-30 13419696 2023-05-01 2024-04-30 13419696 2024-04-30 13419696 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 xbrli:pure iso4217:GBP

Registration number: 13419696

First 4 Finance Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 April 2025

First 4 Finance Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 4

First 4 Finance Limited

(Registration number: 13419696)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Debtors | 4 | 1,745,970 | 2,012,419
Cash at bank and in hand |  | 1,306 | 826
|  | 1,747,276 | 2,013,245
Creditors: Amounts falling due within one year | 5 | (993,464) | (1,534,794)
Net assets |  | 753,812 | 478,451
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Profit and loss account |  | 753,810 | 478,449
Total equity |  | 753,812 | 478,451

For the financial year ending 30 April 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.

These financial statements have been prepared and 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 4 December 2025 and signed on its behalf by:

R T Morris Director | J E B Oliver Company secretary and director |

First 4 Finance Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

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

The address of its registered office is:
C/o Smooth Accounting Ltd Building 1000 Lakeside
North Harbour
Western Road
Portsmouth
Hampshire
PO6 3EN

These financial statements were authorised for issue by the Board on 4 December 2025.

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.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue from the provision of services in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
a) the amount of revenue can be reliably measured;
b) it is probable that future economic benefit will flow to the entity;
c) the stage of completion of the contract at the end of the reporting period can be reliably measured; and
d) the costs incurred and the costs to complete the contract can be reliably measured.

First 4 Finance Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

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.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

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

4 | Debtors

| 2025 £ | 2024 £
Other debtors | 1,745,970 | 2,012,419
| 1,745,970 | 2,012,419

First 4 Finance Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

5 | Creditors

Due within one year | Note | 2025 £ | 2024 £
Trade creditors |  | 3,259 | 412
Amounts due to related parties | 6 | 896,148 | 1,459,298
Accruals |  | 2,521 | 2,394
Corporation tax liability |  | 91,536 | 67,695
Deferred income |  | - | 4,995
|  | 993,464 | 1,534,794

6 | Related party transactions

Transactions with directors

2025 | At 1 May 2024 £ | Repayments by director £ | At 30 April 2025 £
Loans from directors | 5,400 | 1,800 | 7,200

2024 | At 1 May 2023 £ | Repayments by director £ | At 30 April 2024 £
Loans from directors | 3,600 | 1,800 | 5,400

No interest is charged on the above loans from directors and the loans are repayable on demand.

Summary of transactions with parent

Tim Morris Holdings Limited
(Parent company)
During the year Tim Morris Holdings Limited made a loan to the company. No interest is charged on this loan and the loan is repayable on demand. At the balance sheet date the amount due to Tim Morris Holdings Limited was £439,639 (2024 - £726,949).
James Oliver Holdings Limited
(Parent company)
During the year James Oliver Holdings Limited made a loan to the company. No interest is charged on this loan and the loan is repayable on demand. At the balance sheet date the amount due to James Oliver Holdings Limited was £449,309 (2024 - £726,949).