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Registered number: 15210684









FINTERN FINANCE COZ4 LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD FROM 13 OCTOBER 2023 (DATE OF INCORPORATION) TO 29 FEBRUARY 2024

 
FINTERN FINANCE COZ4 LTD
REGISTERED NUMBER: 15210684

BALANCE SHEET
AS AT 29 FEBRUARY 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
1

  
1

Total assets less current liabilities
  
 
 
1

  

Net assets
  
1


Capital and reserves
  

Called up share capital 
 4 
1

Total equity
  
1


For the period ended 29 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Dragos Savacenco 
Per pro CSC Directors (No.1) Limited
Director

Date: 28 November 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
FINTERN FINANCE COZ4 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

1.


General information

Fintern Finance COZ4 Ltd is a private company limited by shares and registered in England and Wales. Its registered office is 10th Floor, 5 Churchill Place, London, E14 5HU and its principal place of business is 1st Floor, Commodity Quay, London, E1W 1AZ.
These financial statements cover the period from incorporation, 13 October 2023, to the year end 29 February 2024.
The financial statements are presented in Sterling (£) and rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Going concern

The directors have prepared projections for the group for the next 12 months which confirms that the group profitability and available financing will provide sufficient liquidity to financially support the company for at least the next 12 months. It is for these reasons the directors have adopted the going concern basis of accounting.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.
Page 2

 
FINTERN FINANCE COZ4 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.4
Financial instruments (continued)


Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

  
2.5

Share Capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.


3.


Debtors

2024
£


Called up share capital not paid
1



4.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


On incorporation one Ordinary £1.00 share was called up and fully paid


5.


Post balance sheet events

Following the year end the company has entered into a securitisation transaction and started to trade.

Page 3

 
FINTERN FINANCE COZ4 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

6.


Controlling party

At the balance sheet date, the entire issued share capital of the company is held on a discretionary trust basis under a share trust deed by the legal parent company, the immediate owner of the share capital is CSC Corporate Services (UK) Limited, a company incorporated in the United Kingdom and registered in England and Wales. CSC Corporate Services (UK) Limited is a wholly owned subsidiary of CSC Capital Markets UK Limited. However, whilst CSC Corporate Services (UK) Limited is the legal owner of the company, this entity has no right to the profits of Fintern Finance COZ4 Ltd. As such, it is not considered to be the company's controlling party. 
Both the economic benefit and shared management mean that the immediate parent company is Fintern Finance M1 Ltd
The ultimate parent company and parent undertaking for which group financial statements are drawn up and of which the company is a member is Fintern Holdings Ltd.
In the opinion of the directors there is no ultimate controlling party.

Page 4