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Registered number: 14070347
Finativ Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14070347
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 19,753 26,753
19,753 26,753
CURRENT ASSETS
Debtors 5 113,949 91,234
Cash at bank and in hand 31,447 5,911
145,396 97,145
Creditors: Amounts Falling Due Within One Year 6 (237,593 ) (194,536 )
NET CURRENT ASSETS (LIABILITIES) (92,197 ) (97,391 )
TOTAL ASSETS LESS CURRENT LIABILITIES (72,444 ) (70,638 )
NET LIABILITIES (72,444 ) (70,638 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (72,544 ) (70,738 )
SHAREHOLDERS' FUNDS (72,444) (70,638)
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For the year ending 30 June 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Christian Roelofs
Director
18th March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Finativ Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14070347 . The registered office is Castle House, Castle Street, Guildford, GU1 3UW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are recognised at cost less accumulated amortisation and accumulated impairment losses  They are amortised to profit and loss account over their estimated economic life of 5 years.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Other
£
Cost
As at 1 July 2023 35,000
As at 30 June 2024 35,000
...CONTINUED
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Amortisation
As at 1 July 2023 8,247
Provided during the period 7,000
As at 30 June 2024 15,247
Net Book Value
As at 30 June 2024 19,753
As at 1 July 2023 26,753
5. Debtors
30 June 2024 30 June 2023
£ £
Due within one year
Trade debtors 107,094 72,427
Other debtors 6,855 18,807
113,949 91,234
6. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 June 2023
£ £
Trade creditors 88,905 46,825
Amounts owed to participating interests 106,451 115,890
Other creditors 41,815 31,529
Taxation and social security 422 292
237,593 194,536
7. Share Capital
30 June 2024 30 June 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
As at the balance sheet date £106,451 (2023: £115,890) was included in current liabilities owed to related parties by the company. As at the balance sheet date £15,455 (2023: £2,967) was included in current liabilities owed to directors by the company.
The above amounts are unsecured, interest free and repayable on demand.
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9. Controlling Party
The company has no ultimate controlling party. Mr Christian Roelofs and Mr Peter Hunt are both persons with significant control with indirect shareholdings of more than 25% but not more than 50%.
10. Going concern
As at the balance sheet date the company has net liabilities. These financial statements have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to support the company for the foreseeable future. 
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