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Registration number: 08053220

Finakee Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

Finakee Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

3

 

Finakee Ltd

Company Information

Directors

Mrs T Llewellyn

Mr I Llewellyn

Registered office

9 Latimer Street
Willenhall
West Midlands
WV13 1EU

Accountants

MAS Associates Ltd
Chartered Certified Accountants
Spear House
Cobbett Road
Burntwood
Staffordshire
WS7 3GR

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Finakee Ltd
for the Year Ended 31 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Finakee Ltd for the year ended 31 May 2023 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Finakee Ltd, as a body, in accordance with the terms of our engagement letter dated 23 September 2016. Our work has been undertaken solely to prepare for your approval the accounts of Finakee Ltd and state those matters that we have agreed to state to the Board of Directors of Finakee Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Finakee Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Finakee Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Finakee Ltd. You consider that Finakee Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Finakee Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MAS Associates Ltd
Chartered Certified Accountants
Spear House
Cobbett Road
Burntwood
Staffordshire
WS7 3GR

5 February 2024

 

Finakee Ltd

(Registration number: 08053220)
Balance Sheet as at 31 May 2023

2023
£

2022
£

Fixed assets

2,285

2,722

Current assets

22,668

21,578

Creditors: Amounts falling due within one year

(13,538)

(11,608)

Net current assets

9,130

9,970

Total assets less current liabilities

11,415

12,692

Creditors: Amounts falling due after more than one year

(8,750)

(11,750)

Accruals and deferred income

(955)

(925)

 

1,710

17

Capital and reserves

1,710

17

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
9 Latimer Street
Willenhall
West Midlands
WV13 1EU
England

These financial statements were authorised for issue by the Board on 5 February 2024.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

3

Related party transactions

A balance of £16,517 (2020 £16,127) is due from Riff Rooms Limited, a company in which Finakee Limited has a 50% shareholding.

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

 

Finakee Ltd

(Registration number: 08053220)
Balance Sheet as at 31 May 2023

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 5 February 2024 and signed on its behalf by:
 

.........................................
Mr I Llewellyn
Director