REGISTERED NUMBER: 02741893 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

FINBOND LIMITED

Page

Company Information

1

Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr R S Patel

Mrs L R Patel

Mr S R Patel

REGISTERED OFFICE:

505 Pinner Road

Harrow

Middlesex

HA2 6EH

REGISTERED NUMBER:

02741893 (England and Wales)

ACCOUNTANTS:

STG Accountants Limited

505 Pinner Road

Harrow

Middlesex

HA2 6EH

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Finbond Limited for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Finbond Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Finbond Limited and state those matters that we have agreed to state to the Board of Directors of Finbond Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Finbond Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Finbond Limited. You consider that Finbond Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Finbond Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

STG Accountants Limited

505 Pinner Road

Harrow

Middlesex

HA2 6EH

12 October 2025

FIXED ASSETS

Tangible assets

4

4,053,524

4,062,937

CURRENT ASSETS

Stocks

3,000

3,000

Debtors

5

38,679

122,010

Cash at bank and in hand

140,206

121,018

181,885

246,028

CREDITORS

Amounts falling due within one year

6

582,860

719,205

NET CURRENT LIABILITIES

(400,975

)

(473,177

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,652,549

3,589,760

CREDITORS

Amounts falling due after more than one year

7

(510,000

)

(510,000

)

PROVISIONS FOR LIABILITIES

(573,026

)

(573,026

)

NET ASSETS

2,569,523

2,506,734

CAPITAL AND RESERVES

Called up share capital

66

66

Revaluation reserve

10

2,151,100

2,151,100

Retained earnings

10

418,357

355,568

SHAREHOLDERS' FUNDS

2,569,523

2,506,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 12 October 2025 and were signed on its behalf by:

Mr R S Patel - Director

1.	STATUTORY INFORMATION

Finbond 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents fees receivable for services provided. Turnover is recognised when the company has a right to consideration.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 38 (2024 - 38 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2024

3,990,751

319,013

6,280

4,316,044

Additions

-

50,836

1,057

51,893

At 31 March 2025

3,990,751

369,849

7,337

4,367,937

DEPRECIATION

At 1 April 2024

68,816

182,548

1,743

253,107

Charge for year

32,372

28,095

839

61,306

At 31 March 2025

101,188

210,643

2,582

314,413

NET BOOK VALUE

At 31 March 2025

3,889,563

159,206

4,755

4,053,524

At 31 March 2024

3,921,935

136,465

4,537

4,062,937

Cost or valuation at 31 March 2025 is represented by:

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

Valuation in 2022

2,195,000

-

-

2,195,000

Cost

1,795,751

369,849

7,337

2,172,937

3,990,751

369,849

7,337

4,367,937

Freehold land and building was valued on an open market basis on 31 March 2025 by the directors .

in the opinion of the Directors, the value of the freehold is not materially different to that stated above as at the Balance sheet date.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

36,531

54,869

Amounts owed by holding company

279

-

Amounts owed by connected companies

-

64,762

Other debtors

-

572

Prepayments

1,869

1,807

38,679

122,010

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

6,979

6,993

Amounts owed to holding company

-

143,795

Amounts owed to connected companies

450,805

416,757

Tax

24,448

34,386

Social security and other taxes

19,094

27,325

Other creditors

77,842

86,258

Accrued expenses

3,692

3,691

582,860

719,205

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

510,000

510,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

510,000

510,000

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

510,000

510,000

9.	SECURED DEBTS

The bank loan is secured by a fixed and floating charge over the investment properties of the company. The bank loan is also secured by personal guarantee from the directors limited to £175,000. The rate of interest charged at fixed rate is 5.30% per annum until 31 August 2028 and thereafter the rate of interest will be the bank's variable rate per annum. The loan is repayable over 15 years.

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2024

355,568

2,151,100

2,506,668

Profit for the year

244,789

244,789

Dividends

(182,000

)

(182,000

)

At 31 March 2025

418,357

2,151,100

2,569,457

11.	RELATED PARTY DISCLOSURES

At the year end, the company was owed £703 (2024: owed £64,762) by Yew Tree Care Limited and owed £450,102 (2024: £416,757) to Nightingale Prop Limited, both companies in which the directors have a beneficial interest. The balances are unsecured, interest-free and repayable on demand.