I collected some data on tire widths and the actual mounted width of 110 BT45's seem to be very close to 110 mm so no problem. Clearance is an issue when mounted width gets to 120mm or above. According to the manufacturers data the 4.00 BT45 is at least 7mm wider than the 110 so oddly clearance would be less with the correct size tire.
Only one other consideration. A BT45 110/90 is 20mm smaller in diameter (approx. 2.9%) than a BT45 4.00 tire so there will be a modest effect on gearing, speedo/tripmeter accuracy, ride height, centre stand function etc. Of course any noticeable change will depend on what you have fitted now.