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Registered number: 08247313
4 X 4 PROPERTIES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
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4 X 4 PROPERTIES LIMITED
COMPANY INFORMATION
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Cooper Parry Advisory Limited
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4 X 4 PROPERTIES LIMITED
REGISTERED NUMBER: 08247313
BALANCE SHEET
AS AT 31 OCTOBER 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Investment property reserve
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Page 1
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4 X 4 PROPERTIES LIMITED
REGISTERED NUMBER: 08247313
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2025
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
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.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 8 form part of these financial statements.
Page 2
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4 X 4 PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
1.Accounting policies
4 x 4 Properties Limited is a limited liability company incorporated and domiciled in the United Kingdom. The address of its registered office is 4brothers House, 90-100 Wilsthorpe Road, Long Eaton, Nottingham, NG10 3JZ.
The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 31 October 2025 (2024: year ended 31 October 2024).
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Basis of preparation of financial statements
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The financial statements have been prepared on a going concern basis under the historical cost convention unless otherwise stated in these accounting policies, and in accordance with Financial Reporting Standard (FRS) 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland, including section 1A of FRS 102 and the Companies Act 2006.
The following accounting policies have been applied consistently throughout the year:
At the balance sheet date the company had a strong net asset position. At the the time of signing these accounts, the directors have considered the going concern position and consider that this indicates that the company will continue to trade for a period of at least 12 months from the date of signing these accounts.
On that basis, the directors have prepared these accounts on a going concern basis.
Turnover is recognised to the extent that it is probable that economic benefits will flow to the company and that turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable.
Turnover relating to rent receivable is accounted for on an accruals basis.
Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Investments in subsidiaries are measured at cost less accumulated impairment.
Investment property is carried at fair value determined annually by the directors based on advice received from professional surveyors and also derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account and transferred to the investment property revaluation reserve in the statement of changes in equity.
Page 3
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4 X 4 PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
1.Accounting policies (continued)
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties and loans with related parties.
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the mount that the company would receive for the asset if it were to be sold at the balance sheet date.
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Provisions for liabilities
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Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.
The tax charge for the year comprises of current and deferred tax.
Current tax is recognised for the amount of corporation tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.
Deferred tax assets are only 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.
Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Deferred tax on unrealised gains on investment properties is transferred within the statement of changes in equity to the investment property revaluation reserve.
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The average monthly number of employees, including the directors who did not receive any remuneration during the year, was 4 (2024: 4).
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Page 4
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4 X 4 PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
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Investments in subsidiary companies
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At 1 November 2024 and 31 October 2025
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Freehold investment property
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Investment properties were valued at fair value at the year end by the directors, based on advice received from professional surveyors.
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Prepayments and accrued income
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Page 5
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4 X 4 PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
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Creditors: Amounts falling due within one year
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Creditors: Amounts falling due after more than one year
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Bank loans have been restructured during the year and are secured and supported by the following assets:
∙A legal charge over the investment property;
∙An unlimited guarantee from Canei International Limited;
∙A debenture incorporating a fixed charge over all current and future assets of the company and a negative pledge arrangement;
∙Personal guarantee of £200,000 in total (2024: £200,000) from R L Bhardwaj, S D Bhardwaj, K K Bhardwaj and B K Bhardwaj, supported by first legal charge over the individual guarantors’ property.
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Charged to the profit and loss account
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Page 6
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4 X 4 PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
8.Deferred taxation (continued)
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The deferred tax asset is made up as follows:
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Short term timing differences
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Fixed asset timing differences
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Allotted, called up and fully paid
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1 (2024: 1) A Dividend Only share of £1 each
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1 (2024: 1) B Dividend Only share of £1 each
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1 (2024: 1) C Dividend Only share of £1 each
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1 (2024: 1) D Dividend Only share of £1 each
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1,387 (2024: 19) A Ordinary shares of £1 each
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1,387 (2024: 19) B Ordinary shares of £1 each
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1,387 (2024: 19) C Ordinary shares of £1 each
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1,387 (2024: 19) D Ordinary shares of £1 each
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365 (2024: 5) E Ordinary shares of £1 each
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365 (2024: 5) F Ordinary shares of £1 each
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365 (2024: 5) G Ordinary shares of £1 each
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365 (2024: 5) H Ordinary shares of £1 each
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4 (2024: 4) V Ordinary shares of £1 each
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During the year ended 31 October 2025, Ordinary shares of £1 each were allotted at par across the A to H share classes.
Following the allotment, each of the A, B, C and D Ordinary share classes comprise 1,387 shares of £1 each (2024: 19 shares each), and each of the E, F, G and H Ordinary share classes comprise 365 shares of £1 each (2024: 5 shares each). The V Ordinary share class comprises 4 shares of £1 each (2024: 4 shares).
No Dividend Only shares were issued during the year.
Page 7
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4 X 4 PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Investment property revaluation reserve
The balance held in the investment property revaluation reserve relates to changes in the fair value of the investment properties net of the movement in associated deferred tax.
Profit and loss account
The profit and loss account represents accumulated profits and losses for prior periods, less dividends paid.
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Related party transactions
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Amounts due to companies in which a director or close family member has significant interest
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Amounts due from companies in which a director or close family member has significant interest
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Rents received from companies in which a director or close family member has significant interest
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Amounts due to the directors are interest free, unsecured and have no fixed repayment date.
The amounts due from companies in which a director has a significant interest or where a director has a close family member who is a director and has significant interest are interest free, unsecured and have no fixed repayment date.
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The company is controlled by R L Bhardwaj, B K Bhardwaj, K K Bhadwaj and S D Bhardwaj, by virtue of their majority shareholding.
Page 8
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