Registration number: 11940539

Fourth Wall Entertainment Limited

Contents

Balance Sheet	1 to 2
Statement of Changes in Equity	3
Notes to the Unaudited Financial Statements	4 to 11

Fourth Wall Entertainment Limited

(Registration number: 11940539)
Balance Sheet as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	-	57,143
Tangible assets	5	34,838	161,504
Investments	6	301	301
		35,139	218,948
Current assets
Stocks	7	1,988,871	723,219
Debtors	8	2,497,055	2,324,913
Cash at bank and in hand		-	240,434
		4,485,926	3,288,566
Creditors: Amounts falling due within one year	9	(2,233,050)	(751,027)
Net current assets		2,252,876	2,537,539
Total assets less current liabilities		2,288,015	2,756,487
Creditors: Amounts falling due after more than one year	9	(207,928)	(425,261)
Provisions for liabilities		(5,441)	(30,591)
Net assets		2,074,646	2,300,635
Capital and reserves
Called up share capital		889	887
Share premium reserve		2,744,428	2,709,017
Retained earnings		(670,671)	(409,269)
Shareholders' funds		2,074,646	2,300,635

For the financial period ending 30 September 2024 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 period 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.

Fourth Wall Entertainment Limited

(Registration number: 11940539)
Balance Sheet as at 30 September 2024

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 6 May 2026 and signed on its behalf by:
 

......................................... Mr JM Moroney Director

Fourth Wall Entertainment Limited

Statement of Changes in Equity for the Period from 1 April 2023 to 30 September 2024

	Share capital £	Share premium £	Retained earnings £	Total £
At 1 April 2023	887	2,709,017	(409,269)	2,300,635
Loss for the period	-	-	(261,402)	(261,402)
New share capital subscribed	2	35,411	-	35,413
At 30 September 2024	889	2,744,428	(670,671)	2,074,646

	Share capital £	Share premium £	Retained earnings £	Total £
At 1 April 2022	887	2,709,017	70,611	2,780,515
Loss for the period	-	-	(479,880)	(479,880)
At 31 March 2023	887	2,709,017	(409,269)	2,300,635

Fourth Wall Entertainment Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

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:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

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.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Disclosure of long or short period

These accounts are for the period 1 April 2023 to 30 September 2024 which is a long period. The comparative figures are for a 12 month period and so are not directly comparable.

Fourth Wall Entertainment Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Fourth Wall Entertainment Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

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
Improvements to property	20% on cost
Fixtures and fittings	at varying rates on cost
Office equipment	at varying rates on cost

Intellectual property

Intellectual property is valued at the cost of work undertaken on the development phase of projects that are likely to produce future income streams. Such costs ongoing are to be treated as revenue expenditure and to be accounted as such in the financial year in which they are incurred. Acquired costs on company formation are being amortised over its expected useful life of five years.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Intellectual property	20% on cost

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Accrued income

Work that has been completed in the accounting period but not invoiced until after has been treated as accrued income in the financial statements.

Fourth Wall Entertainment Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Work in progress includes directly attributable production costs incurred on projects in which the directors believe will be recoverable against future sales, valued at the lower of cost and net realisable value.

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.

Leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 21 (2023 - 21).

Fourth Wall Entertainment Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 April 2023	285,713	285,713
At 30 September 2024	285,713	285,713
Amortisation
At 1 April 2023	228,570	228,570
Amortisation charge	57,143	57,143
At 30 September 2024	285,713	285,713
Carrying amount
At 30 September 2024	-	-
At 31 March 2023	57,143	57,143

5	Tangible assets

	Improvements to property £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2023	114,036	280,925	394,961
Additions	-	1,280	1,280
At 30 September 2024	114,036	282,205	396,241
Depreciation
At 1 April 2023	58,078	175,379	233,457
Charge for the period	32,700	95,246	127,946
At 30 September 2024	90,778	270,625	361,403
Carrying amount
At 30 September 2024	23,258	11,580	34,838
At 31 March 2023	55,958	105,546	161,504

Fourth Wall Entertainment Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

6	Investments

	2024 £	2023 £
Investments in subsidiaries	301	301