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REGISTERED NUMBER: 10523260 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST OCTOBER 2023 TO 31ST DECEMBER 2024

FOR

FINBOOT LTD

FINBOOT LTD (REGISTERED NUMBER: 10523260)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST OCTOBER 2023 TO 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FINBOOT LTD

COMPANY INFORMATION
FOR THE PERIOD 1ST OCTOBER 2023 TO 31ST DECEMBER 2024







DIRECTORS: Mr J M Perez Rosas
Mr N Kotecha
Mr A Pateiro
Mr P Ramankutty
Dr B Uhlich
Mr I R Freelance
Mr C González Guil





REGISTERED OFFICE: Suite 5
30-31 Windsor Place
Cardiff
CF10 3BZ





REGISTERED NUMBER: 10523260 (England and Wales)






FINBOOT LTD (REGISTERED NUMBER: 10523260)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,351 2,623
Investments 5 87,245 2,558
88,596 5,181

CURRENT ASSETS
Debtors 6 335,791 181,569
Prepayments and accrued income - 44,258
Cash at bank and in hand 1,010,432 163,812
1,346,223 389,639
CREDITORS
Amounts falling due within one year 7 179,792 175,233
NET CURRENT ASSETS 1,166,431 214,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,255,027

219,587

CAPITAL AND RESERVES
Called up share capital 8 12,018 8,096
Share premium 6,892,962 4,082,486
Other reserves - 200,000
Retained earnings (5,649,953 ) (4,070,995 )
SHAREHOLDERS' FUNDS 1,255,027 219,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

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 12th March 2025 and were signed on its behalf by:





Mr N Kotecha - Director


FINBOOT LTD (REGISTERED NUMBER: 10523260)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST OCTOBER 2023 TO 31ST DECEMBER 2024


1. STATUTORY INFORMATION

Finboot Ltd is a private company, limited by shares , registered in England and Wales. 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.

Going Concern

The directors believe that the company is a going concern given the current cash position and forecast growth in revenues from existing and new customers. The directors have evaluated the current financial position, financial forecasts and prospects of the company and have determined that it can continue to operate and meet its financial obligations in the foreseeable future.The company provides services to large enterprise customers which will further expand in 2025 by securing new contracts with additional customers.

Preparation of consolidated financial statements
The financial statements contain information about Finboot Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 is recognised to the extent that it is probable that the economic benefits will flow to the company and that the revenue can be reliably measured. The following recognition criteria must also be met before turnover is recognised:

- Turnover from contracts are recognised as related services are performed.
- Turnover from fixed price contracts are recognised when completed
- Turnover from subscription contracts are recognised in accordance with the terms of the contract over the period in which the services are rendered.
- Turnover from signing are recognised when the contract is signed or in the months of the initial period as stipulated in the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period 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.


FINBOOT LTD (REGISTERED NUMBER: 10523260)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST OCTOBER 2023 TO 31ST DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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 period 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2023 7,492
Additions 499
At 31st December 2024 7,991
DEPRECIATION
At 1st October 2023 4,869
Charge for period 1,771
At 31st December 2024 6,640
NET BOOK VALUE
At 31st December 2024 1,351
At 30th September 2023 2,623

FINBOOT LTD (REGISTERED NUMBER: 10523260)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST OCTOBER 2023 TO 31ST DECEMBER 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st October 2023 2,558
Additions 84,687
At 31st December 2024 87,245
NET BOOK VALUE
At 31st December 2024 87,245
At 30th September 2023 2,558

Unlisted investments comprise of 100% of the issued share capital in Finboot Tech SL, a company incorporated in Spain. Finboot Tech S.L's. net liabilities at 30th September 2024 were €88,391 (2023: Net liabilities of €70,132) and during the period ended 30th September 2024, the company made a loss of €30,729 (2023: Loss of €109,689).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 123,046 39,577
Other debtors 212,745 141,992
335,791 181,569

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,250 56,627
Taxation and social security (724 ) 6,615
Other creditors 156,266 111,991
179,792 175,233

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
6,889,981 Ordinary £0.00 1 8,799 6,889
1,206,729 Ordinary Preferred £0.00 1 1,207 1,207
2,011,655 Preferred Ordinary A 0.001 2,012 -
12,018 8,096

9. SHARE OPTIONS

Share options were issued to the directors in the financial period which will vest in an Exit event.

Certain key employees have been granted share options which will vest in an Exit event. An exit event is defined as the occurrence of a takeover, reconstruction, liquidation, sale or listing. It is highly uncertain when or if any of these events will occur and as a result no accounting entries have been made in this respect.