REGISTERED NUMBER: 08870625 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

FINGENIUS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Director:

C Kellner

Registered office:

Building 423 - Sky View (Ro) Argosy Road

Castle Donington

East Midlands Airport

Derby

DE74 2S

Registered number:

08870625 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

60,104

43,016

Current assets

Debtors

5

438,243

47,407

Cash at bank

17,622

19,818

455,865

67,225

Creditors

Amounts falling due within one year

6

16,027,584

11,942,879

Net current liabilities

(15,571,719

)

(11,875,654

)

Total assets less current liabilities

(15,511,615

)

(11,832,638

)

Creditors

Amounts falling due after more than one year

7

9,167

19,167

Net liabilities

(15,520,782

)

(11,851,805

)

Capital and reserves

Called up share capital

9

100

100

Retained earnings

(15,520,882

)

(11,851,905

)

Shareholders' funds

(15,520,782

)

(11,851,805

)

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

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

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2025 and were signed by:

C Kellner - Director

1.	Statutory information

FINGENIUS 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

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 financial statements have been prepared on a going-concern basis. The company incurred losses during the year and the director is aware that the statement of financial position shows net liabilities. The parent company will continue to provide financial support to the company to enable it to meet its obligations, if and when, they become due. The director is therefore of the opinion that the company should continue to adopt the going concern basis of accounting in preparing the financial statements.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from rendering of services

Revenue 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.

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

-

Straight line over 3 years

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.

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 year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 statement of financial position 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.

Foreign currency translation

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each reporting period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at the period-end exchange rates of monetary assets and liabilities denominated in foreign

Currencies are recognised in the income statement.

3.	Employees and directors

The average number of employees during the year was 35 (2023 - 28 ) .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 January 2024

2,803

64,045

66,848

Additions

-

43,003

43,003

At 31 December 2024

2,803

107,048

109,851

Depreciation

At 1 January 2024

2,803

21,029

23,832

Charge for year

-

25,915

25,915

At 31 December 2024

2,803

46,944

49,747

Net book value

At 31 December 2024

-

60,104

60,104

At 31 December 2023

-

43,016

43,016

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Other debtors

6,870

6,870

Tax

373,836

-

Prepayments

57,537

40,537

438,243

47,407

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts (see note 8)

12,301

10,000

Other loans (see note 8)

14,930,261

11,440,914

Trade creditors

98,027

26,533

Social security and other taxes

663,464

264,161

Pension control

20,163

11,042

VAT

303,368

155,249

Accrued expenses

-

34,980

16,027,584

11,942,879

7.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans (see note 8)

9,167

19,167

8.

Loans

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

2,301

-

Bank loans

10,000

10,000

Loan - Digital Genius Ltd

14,930,261

11,440,914

14,942,562

11,450,914

Amounts falling due between one and two years:

Bank loans - 1-2 years

9,167

19,167

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100,000

Ordinary

£0.001

100

100

10.	Related party disclosures

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.