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Company No: 13229160 (England and Wales)

# FORTYTHREE GROUP LTD

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

FORTYTHREE GROUP LTD

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

FORTYTHREE GROUP LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 December 2025
FORTYTHREE GROUP LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,685 |  | 2,824
Investment property | 4 | 29,075,000 |  | 31,600,000
|  | 29,076,685 |  | 31,602,824
Current assets |  |  |  |
Debtors | 5 | 248,878 |  | 256,561
Cash at bank and in hand |  | 914,865 |  | 751,095
|  | 1,163,743 |  | 1,007,656
Creditors: amounts falling due within one year | 6 | ( 13,009,855) |  | ( 13,149,413)
Net current liabilities |  | (11,846,112) |  | (12,141,757)
Total assets less current liabilities |  | 17,230,573 |  | 19,461,067
Net assets |  | 17,230,573 |  | 19,461,067
Capital and reserves |  |  |  |
Called-up share capital | 7 | 100 |  | 100
Profit and loss account |  | 17,230,473 |  | 19,460,967
Total shareholder's funds |  | 17,230,573 |  | 19,461,067

For the financial year ending 31 December 2025 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 financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of FortyThree Group Ltd (registered number: 13229160) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

L Da Costa Director |

16 July 2026

FORTYTHREE GROUP LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
FORTYTHREE GROUP LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

FortyThree Group Ltd (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

##### Turnover

Revenue comprises rent receivable recognised on properties held as investment properties. Any such income is recognised in the period to which it relates.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment | 3 years straight line
Computer equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.
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 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.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 5 |  | 5

#### 3. Tangible assets

| Office equipment |  | Computer equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 January 2025 | 1,966 |  | 3,212 |  | 5,178
At 31 December 2025 | 1,966 |  | 3,212 |  | 5,178
Accumulated depreciation |  |  |  |  |
At 01 January 2025 | 741 |  | 1,613 |  | 2,354
Charge for the financial year | 487 |  | 652 |  | 1,139
At 31 December 2025 | 1,228 |  | 2,265 |  | 3,493
Net book value |  |  |  |  |
At 31 December 2025 | 738 |  | 947 |  | 1,685
At 31 December 2024 | 1,225 |  | 1,599 |  | 2,824

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 January 2025 | 31,600,000
Fair value movement | (2,525,000)
As at 31 December 2025 | 29,075,000

The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the directors. The original cost of the investment properties is £31,600,000.

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 102,297 |  | 101,974
Prepayments and accrued income | 25,833 |  | 35,080
Other debtors | 120,748 |  | 119,507
| 248,878 |  | 256,561

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Accruals | 3,150 |  | 7,414
Corporation tax | 77,971 |  | 16,296
Other taxation and social security | 6,449 |  | 5,244
Other creditors | 12,922,285 |  | 13,120,459
| 13,009,855 |  | 13,149,413

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
10,000 Ordinary shares of £ 0.01 each | 100 |  | 100

#### 8. Related party transactions

The disclosure exemption conferred by FRS 102 Section 33:1A has been utilised, whereby the company has not disclosed transactions with any wholly owned subsidiary undertaking of the group.
At the period end, the company owed £12,758,916 (2024: £12,959,061) to companies under common control which is included within other creditors. No interest is accruing on this balance. The balance is repayable on demand.
At the period end, £1,241 (2024: £Nil) was due from companies under common control which is included within other debtors. No interest is accruing on this balance. The balance is repayable on demand.

#### 9. Ultimate controlling party

The immediate and ultimate parent company is Delph Group Holdings Limited, a company incorporated and registered in England and Wales.