Silverfin false false 31/12/2024 01/01/2024 31/12/2024 E Eby 05/04/2022 F Yacob 04/02/2021 26 June 2025 The principal activity of the company continued to be the provision of design consultancy services. 13180431 2024-12-31 13180431 bus:Director1 2024-12-31 13180431 bus:Director2 2024-12-31 13180431 2023-12-31 13180431 core:CurrentFinancialInstruments 2024-12-31 13180431 core:CurrentFinancialInstruments 2023-12-31 13180431 core:ShareCapital 2024-12-31 13180431 core:ShareCapital 2023-12-31 13180431 core:RetainedEarningsAccumulatedLosses 2024-12-31 13180431 core:RetainedEarningsAccumulatedLosses 2023-12-31 13180431 core:FurnitureFittings 2023-12-31 13180431 core:ComputerEquipment 2023-12-31 13180431 core:FurnitureFittings 2024-12-31 13180431 core:ComputerEquipment 2024-12-31 13180431 2024-01-01 2024-12-31 13180431 bus:FilletedAccounts 2024-01-01 2024-12-31 13180431 bus:SmallEntities 2024-01-01 2024-12-31 13180431 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13180431 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13180431 bus:Director1 2024-01-01 2024-12-31 13180431 bus:Director2 2024-01-01 2024-12-31 13180431 core:FurnitureFittings core:TopRangeValue 2024-01-01 2024-12-31 13180431 core:ComputerEquipment core:TopRangeValue 2024-01-01 2024-12-31 13180431 2023-01-01 2023-12-31 13180431 core:FurnitureFittings 2024-01-01 2024-12-31 13180431 core:ComputerEquipment 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 13180431 (England and Wales)

FINH LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

FINH LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

FINH LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
FINH LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTORS E Eby
F Yacob
REGISTERED OFFICE 2 Leman Street
London
E1W 9US
United Kingdom
COMPANY NUMBER 13180431 (England and Wales)
ACCOUNTANT Gravita Business Services II Limited
Aldgate Tower
2 Leman Street
London
E1 8FA
United Kingdom
FINH LIMITED

BALANCE SHEET

As at 31 December 2024
FINH LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 15,602 21,781
15,602 21,781
Current assets
Debtors 4 144,856 34,056
Cash at bank and in hand 364,229 536,073
509,085 570,129
Creditors: amounts falling due within one year 5 ( 200,399) ( 142,298)
Net current assets 308,686 427,831
Total assets less current liabilities 324,288 449,612
Net assets 324,288 449,612
Capital and reserves
Called-up share capital 2 2
Profit and loss account 324,286 449,610
Total shareholders' funds 324,288 449,612

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of FINH Limited (registered number: 13180431) were approved and authorised for issue by the Board of Directors on 26 June 2025. They were signed on its behalf by:

F Yacob
Director
FINH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
FINH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

FINH Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London , United Kingdom, E1W 9US.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for consultancy services provided in the normal course of business, and is shown net of VAT and other sales related taxes where applicable.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 3 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 01 January 2024 17,930 13,497 31,427
Additions 1,708 3,660 5,368
At 31 December 2024 19,637 17,157 36,794
Accumulated depreciation
At 01 January 2024 3,932 5,714 9,646
Charge for the financial year 6,364 5,182 11,546
At 31 December 2024 10,296 10,896 21,192
Net book value
At 31 December 2024 9,341 6,261 15,602
At 31 December 2023 13,998 7,783 21,781

4. Debtors

2024 2023
£ £
Trade debtors 105,500 30,000
Corporation tax 35,319 0
Other debtors 4,037 4,056
144,856 34,056

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 4,242 41,294
Taxation and social security 0 35,368
Other creditors 196,157 65,636
200,399 142,298

6. Related party transactions

At the year end, the company owed £21 (2023 - £479) to the directors of the company, in respect of interest free loan which is repayable on demand.