Company Registration No. 13149540 (England and Wales)
Finhoco 2 Limited
Unaudited accounts
for the year ended 31 December 2024
Finhoco 2 Limited
Unaudited accounts
Contents
Finhoco 2 Limited
Company Information
for the year ended 31 December 2024
Company Number
13149540 (England and Wales)
Registered Office
C/O Madison Cairn
1-3, Portland Place
Marylebone
London
W1B 1PN
United Kingdom
Finhoco 2 Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
315
5,561
Creditors: amounts falling due within one year
(137,317)
(139,517)
Net current assets
14,979
18,025
Called up share capital
100
100
Profit and loss account
14,880
17,926
Shareholders' funds
14,980
18,026
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 September 2025 and were signed on its behalf by
N Handa
Director
Company Registration No. 13149540
Finhoco 2 Limited
Notes to the Accounts
for the year ended 31 December 2024
Finhoco 2 Limited is a private company, limited by shares, registered in England and Wales, registration number 13149540. The registered office is C/O Madison Cairn, 1-3, Portland Place, Marylebone, London, W1B 1PN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Finhoco 2 Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Investments
Subsidiary undertakings
Valuation at 1 January 2024
1
Valuation at 31 December 2024
1
Amounts falling due within one year
Other debtors
151,981
151,981
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,491
3,491
Other creditors
127,590
129,790
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
Included within debtors is an amount of £145,481 (2023: £145,481) due from Minhoco 65 Limited, a subsidiary company of Finhoco 2 Limited. There are no set terms as to the repayment of this balance and no interest accrued thereon.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).