REGISTERED NUMBER: 04257065 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

IFINA (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Bratchie

REGISTERED OFFICE:

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

BUSINESS ADDRESS:

Ifina House

6 The Court

Holywell Business Park

Southam

Warwickshire

CV47 0FS

REGISTERED NUMBER:

04257065 (England and Wales)

ACCOUNTANTS:

Advanta

Chartered Accountants

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

FIXED ASSETS

Tangible assets

4

10,684

14,170

CURRENT ASSETS

Debtors

5

276,894

160,991

Cash at bank and in hand

11,290

3,692

288,184

164,683

CREDITORS

Amounts falling due within one year

6

76,272

42,690

NET CURRENT ASSETS

211,912

121,993

TOTAL ASSETS LESS CURRENT LIABILITIES

222,596

136,163

PROVISIONS FOR LIABILITIES

8

2,671

3,338

NET ASSETS

219,925

132,825

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

219,924

132,824

SHAREHOLDERS' FUNDS

219,925

132,825

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2025 and were signed by:

S Bratchie - Director

1.	STATUTORY INFORMATION

Ifina (UK) 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.

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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

Over 5 years

Furniture,fittings & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Taxation

Taxation for the year 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.

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 year 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 year was 9 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Furniture,fittings

Motor

Computer

property

& equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

41,425

19,556

32,448

31,482

124,911

Additions

-

1,050

-

1,096

2,146

Disposals

-

-

-

(13,000

)

(13,000

)

At 31 December 2024

41,425

20,606

32,448

19,578

114,057

DEPRECIATION

At 1 January 2024

41,425

18,763

24,748

25,805

110,741

Charge for year

-

461

1,925

3,246

5,632

Charge written back

-

-

-

(13,000

)

(13,000

)

At 31 December 2024

41,425

19,224

26,673

16,051

103,373

NET BOOK VALUE

At 31 December 2024

-

1,382

5,775

3,527

10,684

At 31 December 2023

-

793

7,700

5,677

14,170

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

32,448

DEPRECIATION

At 1 January 2024

24,748

Charge for year

1,925

At 31 December 2024

26,673

NET BOOK VALUE

At 31 December 2024

5,775

At 31 December 2023

7,700

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

267,559

152,626

Prepayments

9,335

8,365

276,894

160,991

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Tax

54,784

21,688

PAYE

9,699

4,597

Other creditors

177

-

Directors' current accounts

519

27

Accrued expenses

11,093

16,378

76,272

42,690

7.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

17,250

17,250

Between one and five years

17,250

34,500

34,500

51,750

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Accelerated / decelerated capital allowances

2,671

3,338

Deferred

tax

£

Balance at 1 January 2024

3,338

Provided during year

(667

)

Balance at 31 December 2024

2,671

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Bratchie.