REGISTERED NUMBER: 06978389 (England and Wales)

FinIQ Solutions Limited

Audited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

M J Bulchandani

M G Kulkarni

S S Shah

N Bandle

Registered office:

60 London Wall

London

EC2M 5TQ

Registered number:

06978389 (England and Wales)

Auditors:

Cooper Parry Group Limited

Statutory Auditor

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

3,291

39,394

Current assets

Debtors

5

376,833

326,798

Cash at bank

317,162

177,237

693,995

504,035

Creditors

Amounts falling due within one year

6

83,847

101,525

Net current assets

610,148

402,510

Total assets less current liabilities

613,439

441,904

Capital and reserves

Called up share capital

50,000

50,000

Retained earnings

563,439

391,904

Shareholders' funds

613,439

441,904

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 5 September 2025 and were signed on its behalf by:

N Bandle - Director

1.	Statutory information

FinIQ Solutions Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

The Financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. The Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

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 for long periods is adjusted on an accruals basis to match the financial year.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles - 15% on reducing balance

Computer equipment - 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised as profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a

party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial

recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the

substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

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.

Leasing commitments

Rent paid under operating leases is charged to profit or loss on a straight line basis over the period of the lease.

Interest income

Interest Income is recognised in profit or loss using the effective interest method.

3.	Employees and directors

The average number of employees during the year was 8 (2024 - 7 ) .

4.	Tangible fixed assets

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 April 2024

57,335

3,091

60,426

Additions

-

3,449

3,449

Disposals

(57,335

)

(1,802

)

(59,137

)

At 31 March 2025

-

4,738

4,738

Depreciation

At 1 April 2024

18,241

2,791

21,032

Charge for year

4,887

458

5,345

Eliminated on disposal

(23,128

)

(1,802

)

(24,930

)

At 31 March 2025

-

1,447

1,447

Net book value

At 31 March 2025

-

3,291

3,291

At 31 March 2024

39,094

300

39,394

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Amounts owed by group undertakings

322,487

274,487

Other debtors

54,346

52,311

376,833

326,798

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

2,979

17,748

Taxation and social security

63,432

51,593

Other creditors

17,436

32,184

83,847

101,525

7.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

93,555

-

8.	Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independent administered fund. The pensions cost charge represents contributions payable by the company to the fund and amounted to £8,955 (2024: £7,268).

9.	Disclosure under Section 444(5B) of the Companies Act 2006

The Auditors' Report was unqualified.

Nicola Pearson (Senior Statutory Auditor)

for and on behalf of Cooper Parry Group Limited

10.	Related party disclosures

At the year end the company was owed £322,487 (2024: £317,000) by its parent company, FinIQ Consulting PTE Ltd.

At the year end the company owed £Nil (2024: £42,513) to its parent company.

During the year, sales of £1,870,000 to the parent company were recognised in the Income Statement (2024: £1,465,000).

11.	Ultimate controlling party

The ultimate parent company and controlling party is FinIQ Consulting PTE Limited, a company registered

in Singapore.

FinIQ Consulting PTE Limited prepares group financial statements and copies can be obtained from FinIQ

Consulting Pte Ltd, 10 Collyer Quay, #40-00 Ocean Financial Centre, Singapore, 049315.