IRIS Accounts Production v24.2.0.383 09560937 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095609372022-12-31095609372023-12-31095609372023-01-012023-12-31095609372021-12-31095609372022-01-012022-12-31095609372022-12-3109560937ns15:EnglandWales2023-01-012023-12-3109560937ns14:PoundSterling2023-01-012023-12-3109560937ns10:Director12023-01-012023-12-3109560937ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109560937ns10:SmallEntities2023-01-012023-12-3109560937ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3109560937ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3109560937ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109560937ns10:FullAccounts2023-01-012023-12-310956093712023-01-012023-12-3109560937ns10:Director22023-01-012023-12-3109560937ns10:Director32023-01-012023-12-3109560937ns10:Director52023-01-012023-12-3109560937ns10:Director62023-01-012023-12-3109560937ns10:CompanySecretary12023-01-012023-12-3109560937ns10:RegisteredOffice2023-01-012023-12-3109560937ns5:CurrentFinancialInstruments2023-12-3109560937ns5:CurrentFinancialInstruments2022-12-3109560937ns5:Non-currentFinancialInstruments2023-12-3109560937ns5:Non-currentFinancialInstruments2022-12-3109560937ns5:ShareCapital2023-12-3109560937ns5:ShareCapital2022-12-3109560937ns5:RetainedEarningsAccumulatedLosses2023-12-3109560937ns5:RetainedEarningsAccumulatedLosses2022-12-3109560937ns5:NetGoodwill2023-01-012023-12-3109560937ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3109560937ns5:PatentsTrademarksLicencesConcessionsSimilar2023-01-012023-12-3109560937ns5:PlantMachinery2023-01-012023-12-3109560937ns5:NetGoodwill2022-12-3109560937ns5:PatentsTrademarksLicencesConcessionsSimilar2022-12-3109560937ns5:NetGoodwill2023-12-3109560937ns5:PatentsTrademarksLicencesConcessionsSimilar2023-12-3109560937ns5:NetGoodwill2022-12-3109560937ns5:PatentsTrademarksLicencesConcessionsSimilar2022-12-3109560937ns5:PlantMachinery2022-12-3109560937ns5:FurnitureFittings2022-12-3109560937ns5:ComputerEquipment2022-12-3109560937ns5:FurnitureFittings2023-01-012023-12-3109560937ns5:ComputerEquipment2023-01-012023-12-3109560937ns5:PlantMachinery2023-12-3109560937ns5:FurnitureFittings2023-12-3109560937ns5:ComputerEquipment2023-12-3109560937ns5:PlantMachinery2022-12-3109560937ns5:FurnitureFittings2022-12-3109560937ns5:ComputerEquipment2022-12-3109560937ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3109560937ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 09560937 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Finura Partners Limited

Finura Partners Limited (Registered number: 09560937)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Finura Partners Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Nathan Berkley Mead-Wellings
Toby Owen-Browne
James Herman
Edward Dymott
Karan Jitendra Sejpal





SECRETARY:





REGISTERED OFFICE: 15 Bowling Green Lane
London
EC1R 0BD





REGISTERED NUMBER: 09560937 (England and Wales)





ACCOUNTANTS: Cantelowes Ltd
4th Floor
20 Aldermanbury
London
EC2V 7HY

Finura Partners Limited (Registered number: 09560937)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,128,582 1,350,671
Tangible assets 5 7,316 14,677
Investments 6 2,750,914 -
3,886,812 1,365,348

CURRENT ASSETS
Stocks 469,094 555,009
Debtors 7 512,489 463,787
Cash at bank 420,490 600,005
1,402,073 1,618,801
CREDITORS
Amounts falling due within one year 8 1,664,045 906,822
NET CURRENT (LIABILITIES)/ASSETS (261,972 ) 711,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,624,840

2,077,327

CREDITORS
Amounts falling due after more than one year 9 2,944,477 1,323,768
NET ASSETS 680,363 753,559

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 679,363 752,559
680,363 753,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Finura Partners Limited (Registered number: 09560937)

Statement of Financial Position - continued
31 December 2023


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 17 September 2024 and were signed on its behalf by:





James Herman - Director


Finura Partners Limited (Registered number: 09560937)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Finura Partners Limited 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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.

Other Intangible assets are being amortised evenly over their estimated useful life of eight years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Finura Partners Limited (Registered number: 09560937)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Other
Intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 29,565 2,135,618 2,165,183
AMORTISATION
At 1 January 2023 29,565 784,947 814,512
Amortisation for year - 222,089 222,089
At 31 December 2023 29,565 1,007,036 1,036,601
NET BOOK VALUE
At 31 December 2023 - 1,128,582 1,128,582
At 31 December 2022 - 1,350,671 1,350,671

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Equipment Totals
£    £    £    £   
COST
At 1 January 2023 5,624 39,109 40,368 85,101
Additions - - 779 779
At 31 December 2023 5,624 39,109 41,147 85,880
DEPRECIATION
At 1 January 2023 1,328 30,411 38,685 70,424
Charge for year 1,775 5,249 1,116 8,140
At 31 December 2023 3,103 35,660 39,801 78,564
NET BOOK VALUE
At 31 December 2023 2,521 3,449 1,346 7,316
At 31 December 2022 4,296 8,698 1,683 14,677

6. FIXED ASSET INVESTMENTS

During the year, Finura Partners Limited acquired 100% shares in Tenacity Wealth Management Ltd.
This transaction was at arms length.

Finura Partners Limited (Registered number: 09560937)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 322,498 268,721
Other debtors 100,384 111,256
Rent deposit 47,714 43,280
Prepayments 41,893 40,530
512,489 463,787

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,079 5,240
Evolution Wealth Network Ltd 636,000 264,000
Trade creditors 86,495 80,155
Tax 221,097 216,194
PAYE and NIC 67,778 -
Other creditors 367,038 1,634
Pension 16,296 12,089
Accrued expenses 264,262 327,510
1,664,045 906,822

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Evolution Wealth Network Ltd 1,300,633 448,768
Deferred consideration 1,643,844 875,000
2,944,477 1,323,768