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Company Registration No. 10345550 (England and Wales)
Finestart Holdings Limited Unaudited accounts for the year ended 31 August 2024
Finestart Holdings Limited Unaudited accounts Contents
Page
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Finestart Holdings Limited Company Information for the year ended 31 August 2024
Director
Philip Davis
Company Number
10345550 (England and Wales)
Registered Office
Finns Farm Station Road Plumpton Green BN7 3DF England
Accountants
Maxwell-Gumbleton & Co. 1 West Street Lewes East Sussex BN7 2NZ
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Finestart Holdings Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,262 
3,016 
Investment property
98,644 
98,644 
Investments
2 
2 
100,908 
101,662 
Current assets
Cash at bank and in hand
91 
899 
Creditors: amounts falling due within one year
(79,046)
(67,745)
Net current liabilities
(78,955)
(66,846)
Total assets less current liabilities
21,953 
34,816 
Creditors: amounts falling due after more than one year
(14,937)
(24,946)
Net assets
7,016 
9,870 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
6,916 
9,770 
Shareholders' funds
7,016 
9,870 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 March 2025 and were signed on its behalf by
Philip Davis Director Company Registration No. 10345550
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Finestart Holdings Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Finestart Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 10345550. The registered office is Finns Farm, Station Road, Plumpton Green, BN7 3DF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Finestart Holdings Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 September 2023
7,150 
At 31 August 2024
7,150 
Depreciation
At 1 September 2023
4,134 
Charge for the year
754 
At 31 August 2024
4,888 
Net book value
At 31 August 2024
2,262 
At 31 August 2023
3,016 
5
Investment property
2024 
£ 
Fair value at 1 September 2023
98,644 
At 31 August 2024
98,644 
6
Investments
Other investments 
£ 
Valuation at 1 September 2023
2 
Valuation at 31 August 2024
2 
Details of the investment in which the company holds 20% or more of the nominal value of any class of share capital is as follows: Peacehaven Builders (registered office is 2 The Cedars, Peacehaven, BN10 7SZ) - 100% of the voting rights and share capital.
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,890 
9,890 
Other creditors
17,335 
25,735 
Loans from directors
51,071 
28,460 
Accruals
750 
3,660 
79,046 
67,745 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,937 
24,946 
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Finestart Holdings Limited Notes to the Accounts for the year ended 31 August 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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