Company registration number 16034611 (England and Wales)
FORTY FOUR LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
FORTY FOUR LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
FORTY FOUR LTD
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 1 -
2025
Notes
£
£
Fixed assets
Intangible assets
3
14,646
Tangible assets
4
98,604
113,250
Current assets
Stocks
4,028
Cash at bank and in hand
8,968
12,996
Creditors: amounts falling due within one year
5
(148,719)
Net current liabilities
(135,723)
Net liabilities
(22,473)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(22,573)
Total equity
(22,473)

For the financial period ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 June 2026 and are signed on its behalf by:
Mr P Davies
Mrs K S M Davies
Director
Director
Company registration number 16034611 (England and Wales)
FORTY FOUR LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 2 -
1
Accounting policies
Company information

Forty Four Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Summit, Woodwater Park, Pynes Hill, Exeter, United Kingdom, EX2 5WS.

1.1
Reporting period

These financial statements are for the period from the date of incorporation (22 October 2024) to 31 October 2025.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The period end balance sheet shows a net liabilities position. This is due to the first period of trading, with start up and overhead costs high relative to gross profit. The company's cash flow requirements have been supported by loan from the company directors, which are repayable as cash flow permits. The directors expect that the financial support will be ongoing. Therefore, these financial statements are prepared on a going concern basis. true

1.4
Revenue

Turnover, which is stated net of value added tax, comprises revenue recognised by the company in respect of sales of goods and rental income for the period. Revenue from sales of goods is recognised when performance obligations are satisfied and control of the goods is transferred to the buyer. Rental income is recognised on a straight line basis over the term of the lease.

1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
over the term of the lease
Plant and equipment
15% straight line
Fixtures and fittings
15% straight line
Computers
15% straight line
FORTY FOUR LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 3 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
Stocks

Stock is valued at the lower of cost, including direct labour and attributable overheads, and net realisable value.

1.8
Financial instruments
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

FORTY FOUR LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
1
3
Intangible fixed assets
Goodwill
£
Cost
At 22 October 2024
-
0
Additions
16,580
At 31 October 2025
16,580
Amortisation and impairment
At 22 October 2024
-
0
Amortisation charged for the period
1,934
At 31 October 2025
1,934
Carrying amount
At 31 October 2025
14,646
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 22 October 2024
-
0
-
0
-
0
Additions
25,893
82,467
108,360
At 31 October 2025
25,893
82,467
108,360
Depreciation and impairment
At 22 October 2024
-
0
-
0
-
0
Depreciation charged in the period
2,753
7,003
9,756
At 31 October 2025
2,753
7,003
9,756
Carrying amount
At 31 October 2025
23,140
75,464
98,604
FORTY FOUR LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
£
Trade creditors
16
Taxation and social security
1,355
Other creditors
147,348
148,719
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