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REGISTERED NUMBER: NI609711 (Northern Ireland)















Financial Statements for the Year Ended 31 December 2023

for

Finnard Finance Limited

Finnard Finance Limited (Registered number: NI609711)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Finnard Finance Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M Elliott
K Elliott
A Elliott





REGISTERED OFFICE: 19 Church Road
Portadown
Co. Armagh
BT63 5HT





REGISTERED NUMBER: NI609711 (Northern Ireland)





AUDITORS: WHR Accountants Ltd
Chartered Certified Accountants
Statutory Auditors
56 English Street
Armagh
Co. Armagh
BT61 7LG

Finnard Finance Limited (Registered number: NI609711)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
£    £   
CURRENT ASSETS
Debtors 34,223,559 35,855,416
Cash at bank 393,813 2,232,548
34,617,372 38,087,964
CREDITORS
Amounts falling due within one year 5,880,010 9,425,482
NET CURRENT ASSETS 28,737,362 28,662,482
TOTAL ASSETS LESS CURRENT LIABILITIES 28,737,362 28,662,482

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 28,727,362 28,652,482
28,737,362 28,662,482

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 November 2024 and were signed on its behalf by:





A Elliott - Director


Finnard Finance Limited (Registered number: NI609711)

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

1. STATUTORY INFORMATION

Finnard Finance Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

4. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Robinson (Senior Statutory Auditor)
for and on behalf of WHR Accountants Ltd

Finnard Finance Limited (Registered number: NI609711)

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

5. RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with related parties:



Transaction value

Balance owed
by/(owed to

)

2023 2022 2023 2022
£    £    £    £   
Kamell Ltd - - (5,276,000 ) (8,776,000 )

6. CONTROLLING PARTY

The company is controlled by Pincap Limited, a company incorporated on the Isle of Man, by way of 100% shareholding. Group accounts for the company are not available to the public.