FINNELLA ASSET MANAGEMENT LIMITED

Company Registration Number:
13631726 (England and Wales)

Unaudited statutory accounts for the year ended 1 October 2024

Period of accounts

Start date: 1 October 2023

End date: 1 October 2024

FINNELLA ASSET MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 1 October 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

FINNELLA ASSET MANAGEMENT LIMITED

Profit And Loss Account

for the Period Ended 1 October 2024

2024 2023


£

£
Turnover: 30,246 34,346
Cost of sales: ( 21,512 ) ( 36,944 )
Gross profit(or loss): 8,734 (2,598)
Operating profit(or loss): 8,734 (2,598)
Profit(or loss) before tax: 8,734 (2,598)
Profit(or loss) for the financial year: 8,734 (2,598)

FINNELLA ASSET MANAGEMENT LIMITED

Balance sheet

As at 1 October 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 18,487 18,487
Total fixed assets: 18,487 18,487
Current assets
Stocks: 4 905 905
Cash at bank and in hand: 6,999 1,454
Investments: 5 73
Total current assets: 7,977 2,359
Prepayments and accrued income: 140
Net current assets (liabilities): 7,977 2,499
Total assets less current liabilities: 26,464 20,986
Creditors: amounts falling due after more than one year: 6 ( 4,317 ) ( 7,273 )
Total net assets (liabilities): 22,147 13,713
Capital and reserves
Called up share capital: 13,713 16,311
Profit and loss account: 8,434 (2,598 )
Total Shareholders' funds: 22,147 13,713

The notes form part of these financial statements

FINNELLA ASSET MANAGEMENT LIMITED

Balance sheet statements

For the year ending 1 October 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 30 June 2025
and signed on behalf of the board by:

Name: Wayne Kidman
Status: Director

The notes form part of these financial statements

FINNELLA ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 1 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FINNELLA ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 1 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

FINNELLA ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 1 October 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 167 18,320 18,487
Additions
Disposals
Revaluations
Transfers
At 1 October 2024 167 18,320 18,487
Depreciation
At 1 October 2023
Charge for year
On disposals
Other adjustments
At 1 October 2024
Net book value
At 1 October 2024 167 18,320 18,487
At 30 September 2023 167 18,320 18,487

FINNELLA ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 1 October 2024

4. Stocks

2024 2023
£ £
Stocks 905 905
Total 905 905

FINNELLA ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 1 October 2024

5. Current assets investments note

Current assets in holding Cash and Jewellery Stock

FINNELLA ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 1 October 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Amounts due under finance leases and hire purchase contracts 4,317 7,273
Total 4,317 7,273