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Registered number: 11641917
FOURTH WALL CREATIVE LIMITED
Financial statements
Information for filing with the registrar
for the year ended 30 September 2025
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FOURTH WALL CREATIVE LIMITED
Registered number: 11641917
Balance sheet
as at 30 September 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Net current assets/(liabilities)
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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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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 statement of comprehensive income 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 2 to 5 form part of these financial statements.
Page 1
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FOURTH WALL CREATIVE LIMITED
Notes to the financial statements
for the year ended 30 September 2025
Fourth Wall Creative Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Riverview Business Park, Shore Wood Road, Bromborough, Wirral, CH62 3RQ and the company registration number is 11641917.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are presented in Sterling which is the functional currency of the company and are stated to the nearest £1.
The following principal accounting policies have been applied:
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Exemption from preparing consolidated financial statements
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The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
The company is reliant upon the continuing support of the group to meet its financial obligations as they fall due. The company has received confirmation from the group that this financial support will be provided for a period not less than 12 months from the approval of these financial statements. As such the directors believe the company to be a going concern and the financial statements have been prepared on a going concern basis.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Page 2
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FOURTH WALL CREATIVE LIMITED
Notes to the financial statements
for the year ended 30 September 2025
2.Accounting policies (continued)
Investments in subsidiaries are measured at cost less accumulated impairment.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Basic 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 the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
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The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).
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The average monthly number of employees, including directors, during the year was 0 (2024 - 0).
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Page 3
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FOURTH WALL CREATIVE LIMITED
Notes to the financial statements
for the year ended 30 September 2025
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Investments in subsidiary companies
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Amounts owed by group undertakings
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Page 4
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FOURTH WALL CREATIVE LIMITED
Notes to the financial statements
for the year ended 30 September 2025
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Creditors: Amounts falling due after more than one year
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The Company is committed to 8% per annum interest on loan notes of £1,500,000. The total of accrued interest as at the balance sheet date was £774,904 (2024: £654,904). The date of the redemption of the loan notes is 1 October 2028.
The Company is committed to 8% preference share dividends per annum on redeemable preference share capital of £2,800,000. The total of accrued preference share dividends as at the balance sheet date was £1,069,034 (2024: £845,034).
On 20 March 2025 the Company issued an additional £1,750,000 of redeemable preference shares. These shares to not entitle the holder to any dividend payments.
Preference shares are redeemable 5 years following the date of issue.
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Allotted, called up and fully paid
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10,000,100 (2022: 10,000,100) Ordinary shares of £1.00 each
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8,267,015 (2022: 8,267,015) A Ordinary shares of £0.001 each
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769,238 (2022: 230,771) B Ordinary shares of £0.001 each
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Related party transactions
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The company has taken advantage of the exemption in section 33.1A of FRS 102 102 from closing transactions entered into between two or more members of a group, as all subsidiaries are wholly owned.
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Post balance sheet events
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Subsequent to the year end the Company issued 6,450,000 ordinary shares and 1,650,000 preferred shares for total proceeds of £2,750,000.
The auditors' report on the financial statements for the year ended 30 September 2025 was unqualified.
The audit report was signed on 21 September 2026 by James Bagley (Senior statutory auditor) on behalf of PKF Smith Cooper Audit Limited.
Page 5
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FOURTH WALL CREATIVE LIMITED
Page 6
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