IRIS Accounts Production v23.4.0.336 11774370 director 1.2.23 31.1.24 31.1.24 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117743702023-01-31117743702024-01-31117743702023-02-012024-01-31117743702022-01-31117743702022-02-012023-01-31117743702023-01-3111774370ns15:EnglandWales2023-02-012024-01-3111774370ns14:PoundSterling2023-02-012024-01-3111774370ns10:Director12023-02-012024-01-3111774370ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3111774370ns10:SmallEntities2023-02-012024-01-3111774370ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3111774370ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3111774370ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3111774370ns10:FullAccounts2023-02-012024-01-311177437012023-02-012024-01-3111774370ns10:RegisteredOffice2023-02-012024-01-3111774370ns5:CurrentFinancialInstruments2024-01-3111774370ns5:CurrentFinancialInstruments2023-01-3111774370ns5:ShareCapital2024-01-3111774370ns5:ShareCapital2023-01-3111774370ns5:RetainedEarningsAccumulatedLosses2024-01-3111774370ns5:RetainedEarningsAccumulatedLosses2023-01-3111774370ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3111774370ns5:ShortLeaseholdAssetsns5:LandBuildings2023-02-012024-01-3111774370ns5:PlantMachinery2023-02-012024-01-3111774370ns5:FurnitureFittings2023-02-012024-01-3111774370ns5:ComputerEquipment2023-02-012024-01-3111774370ns5:IntangibleAssetsOtherThanGoodwill2023-01-3111774370ns5:IntangibleAssetsOtherThanGoodwill2024-01-3111774370ns5:IntangibleAssetsOtherThanGoodwill2023-01-3111774370ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-3111774370ns5:PlantMachinery2023-01-3111774370ns5:FurnitureFittings2023-01-3111774370ns5:ComputerEquipment2023-01-3111774370ns5:ShortLeaseholdAssetsns5:LandBuildings2024-01-3111774370ns5:PlantMachinery2024-01-3111774370ns5:FurnitureFittings2024-01-3111774370ns5:ComputerEquipment2024-01-3111774370ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-3111774370ns5:PlantMachinery2023-01-3111774370ns5:FurnitureFittings2023-01-3111774370ns5:ComputerEquipment2023-01-3111774370ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-01-3111774370ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestmentsns5:UnlistedNon-exchangeTraded2024-01-3111774370ns5:UnlistedNon-exchangeTradedns5:CostValuation2024-01-3111774370ns5:UnlistedNon-exchangeTraded2024-01-3111774370ns5:UnlistedNon-exchangeTraded2023-01-3111774370ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3111774370ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: 11774370 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

FINTERIM LTD

FINTERIM LTD (REGISTERED NUMBER: 11774370)






Contents of the Financial Statements
for the year ended 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FINTERIM LTD

Company Information
for the year ended 31 JANUARY 2024







DIRECTOR: K N Pittalis





REGISTERED OFFICE: Unit 4, Plympton Stables
10 Plympton Place
London
NW8 8AD





REGISTERED NUMBER: 11774370 (England and Wales)






FINTERIM LTD (REGISTERED NUMBER: 11774370)

Statement of Financial Position
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 717 1,433
Tangible assets 5 10,302 13,165
Investments 6 15,250 15,749
Chattel assets 7 23,580 -
49,849 30,347

CURRENT ASSETS
Debtors 8 256,342 47,788
Cash at bank and in hand 17,674 206,349
274,016 254,137
CREDITORS
Amounts falling due within one year 9 (43,564 ) (61,757 )
NET CURRENT ASSETS 230,452 192,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

280,301

222,727

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 279,301 221,727
SHAREHOLDERS' FUNDS 280,301 222,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FINTERIM LTD (REGISTERED NUMBER: 11774370)

Statement of Financial Position - continued
31 JANUARY 2024


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 director and authorised for issue on 16 April 2024 and were signed by:





K N Pittalis - Director


FINTERIM LTD (REGISTERED NUMBER: 11774370)

Notes to the Financial Statements
for the year ended 31 JANUARY 2024

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents sales of services net of VAT and trade discounts. Turnover is recognised when the services are provided to the customer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 5 years
Plant and machinery - Straight line over 3 years
Fixtures and fittings - 10% on reducing balance
Computer equipment - 15% on reducing balance

Chattel assets
Chattel assets are recorded at their original cost, which is their fair value at the balance sheet date.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

FINTERIM LTD (REGISTERED NUMBER: 11774370)

Notes to the Financial Statements - continued
for the year ended 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Investments unlisted
Investments unlisted held as fixed assets are shown at cost less provision for impairment.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 2,150
AMORTISATION
At 1 February 2023 717
Charge for year 716
At 31 January 2024 1,433
NET BOOK VALUE
At 31 January 2024 717
At 31 January 2023 1,433

FINTERIM LTD (REGISTERED NUMBER: 11774370)

Notes to the Financial Statements - continued
for the year ended 31 JANUARY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 10,423 3,779 3,234 1,940 19,376
Additions - - - 195 195
At 31 January 2024 10,423 3,779 3,234 2,135 19,571
DEPRECIATION
At 1 February 2023 2,085 3,254 615 257 6,211
Charge for year 2,084 525 261 188 3,058
At 31 January 2024 4,169 3,779 876 445 9,269
NET BOOK VALUE
At 31 January 2024 6,254 - 2,358 1,690 10,302
At 31 January 2023 8,338 525 2,619 1,683 13,165

6. FIXED ASSET INVESTMENTS
Unlisted
investment
£   
COST
At 1 February 2023 15,749
Impairments (499 )
At 31 January 2024 15,250
NET BOOK VALUE
At 31 January 2024 15,250
At 31 January 2023 15,749

7. CHATTEL ASSETS
Total
£   
FAIR VALUE
Additions 23,580
At 31 January 2024 23,580
NET BOOK VALUE
At 31 January 2024 23,580

Chattel assets include artwork purchased during the year. It is recorded at its original cost, which is the fair value at the balance sheet date.

FINTERIM LTD (REGISTERED NUMBER: 11774370)

Notes to the Financial Statements - continued
for the year ended 31 JANUARY 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 18,150 -
Other debtors 238,192 47,788
256,342 47,788

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Credit cards 1,224 7,974
Trade creditors 35 -
Taxation and social security 41,305 52,861
Other creditors 1,000 922
43,564 61,757

10. ULTIMATE CONTROLLING PARTY

The director controls the company by virtue of their direct interest in the whole of the issued share capital.