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Company Registration No. 13440811 (England and Wales)
NFIN LIMITED Unaudited accounts for the year ended 30 June 2024
NFIN LIMITED Unaudited accounts Contents
Page
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NFIN LIMITED Company Information for the year ended 30 June 2024
Director
Francois Neethling
Company Number
13440811 (England and Wales)
Registered Office
UNIT 10 80 LYTHAM ROAD FULWOOD PRESTON PR2 3AQ ENGLAND
Accountants
CheapAccounting.co.uk Trading name of Evolve Accountancy Solutions Ltd. 45 Daltons Fen, Pitsea, Basildon Essex SS13 1JE
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NFIN LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Investments
368,644 
400,645 
Cash at bank and in hand
2,691 
758 
371,335 
401,403 
Creditors: amounts falling due within one year
(880)
(622)
Net current assets
370,455 
400,781 
Total assets less current liabilities
370,455 
400,781 
Creditors: amounts falling due after more than one year
(412,652)
(412,652)
Net liabilities
(42,197)
(11,871)
Capital and reserves
Called up share capital
120 
120 
Profit and loss account
(42,317)
(11,991)
Shareholders' funds
(42,197)
(11,871)
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 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 11 March 2025 and were signed on its behalf by
Francois Neethling Director Company Registration No. 13440811
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NFIN LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
NFIN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13440811. The registered office is UNIT 10 80 LYTHAM ROAD, FULWOOD , PRESTON, PR2 3AQ, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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 or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investments held as current assets
2024 
2023 
£ 
£ 
Listed investments
368,644 
400,645 
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NFIN LIMITED Notes to the Accounts for the year ended 30 June 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
428 
- 
Loans from directors
(27)
(8)
Accruals
479 
630 
880 
622 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
412,652 
412,652 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
120 Ordinary shares of £1 each
120 
120 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loans to directors
8 
27 
8 
27 
8 
27 
8 
27 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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