REGISTERED NUMBER: NI653524 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

FOURSEVEN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr E Kidney

Mr J T Kidney

REGISTERED OFFICE:

28 Tullyhill Road

Maguiresbridge

Co. Fermanagh

BT94 4SU

REGISTERED NUMBER:

NI653524 (Northern Ireland)

ACCOUNTANTS:

Patton Rainey Stenson Limited

Chartered Accountants

6 East Bridge Street

Enniskillen

Co. Fermanagh

BT74 7BT

BANKERS:

Bank of Ireland

27 Townhall Street

Enniskillen

Co. Fermanagh

BT74 7BD

FIXED ASSETS

Tangible assets

4

1,449

1,932

CURRENT ASSETS

Stocks

5

1,315,199

1,235,308

Debtors

6

22,674

7,358

Cash at bank

78,747

25,740

1,416,620

1,268,406

CREDITORS

Amounts falling due within one year

7

1,487,744

1,406,128

NET CURRENT LIABILITIES

(71,124

)

(137,722

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(69,675

)

(135,790

)

PROVISIONS FOR LIABILITIES

362

483

NET LIABILITIES

(70,037

)

(136,273

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(70,237

)

(136,473

)

SHAREHOLDERS' FUNDS

(70,037

)

(136,273

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mr E Kidney - Director

1.	STATUTORY INFORMATION

Fourseven Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 July 2024

and 30 June 2025

7,435

DEPRECIATION

At 1 July 2024

5,503

Charge for year

483

At 30 June 2025

5,986

NET BOOK VALUE

At 30 June 2025

1,449

At 30 June 2024

1,932

5.

STOCKS

30.6.25

30.6.24

£

£

Stocks

1,315,199

1,235,308

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

VAT

22,674

7,358

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Other loans

620,000

922,893

Social security and other taxes

-

964

Other creditors

-

300,000

Directors' current accounts

756,615

132,196

Accruals and deferred income

107,788

50,075

Accrued expenses

3,341

-

1,487,744

1,406,128

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

£

Other loans

620,000

922,893

Other loans are secured by a fixed and floating charge on properties held in closing work in progress. The loans are provided by three different financial institutions, each holds a separate charge on development properties or land held on the balance sheet as work in progress.

9.	GOING CONCERN

The company generated a net profit £142,216 for the year ended 30 June 2025 and had net liabilities of £70,037 as at 30 June 2025.

The company is dependant on the continuing support of its directors to meet its commitments as they fall due.

On the assurances that the directors will continue to provide loan support to the company they believe that the going concern basis is appropriate for the preparation fo the financial statements of this company.