REGISTERED NUMBER: 11774370 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

FINTERIM LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

K N Pittalis

REGISTERED OFFICE:

Unit 4, Plympton Stables

10 Plympton Place

London

NW8 8AD

REGISTERED NUMBER:

11774370 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

717

Tangible assets

5

28,349

10,302

Investments

6

34,350

15,250

Chattel assets

7

41,580

23,580

104,279

49,849

CURRENT ASSETS

Debtors

8

104,085

256,342

Cash at bank and in hand

47,677

17,674

151,762

274,016

CREDITORS

Amounts falling due within one year

9

(32,525

)

(43,564

)

NET CURRENT ASSETS

119,237

230,452

TOTAL ASSETS LESS CURRENT LIABILITIES

223,516

280,301

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

222,516

279,301

SHAREHOLDERS' FUNDS

223,516

280,301

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 13 October 2025 and were signed by:

K N Pittalis - Director

1.	STATUTORY INFORMATION

Finterim Ltd 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.

Turnover

Turnover represents sales of services net of VAT and trade discounts. Turnover is recognised when the services are provided to the customer.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Short leasehold

-

Straight line over 5 years

Plant and machinery

-

Straight line over 3 years

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

15% on reducing balance

Chattel assets

Chattel assets are recorded at their original cost, which is their fair value at the balance sheet date.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Investments unlisted

Investments unlisted held as fixed assets are shown at cost less provision for impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2024

and 31 January 2025

2,150

AMORTISATION

At 1 February 2024

1,433

Charge for year

717

At 31 January 2025

2,150

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

717

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

10,423

3,779

3,234

2,135

19,571

Additions

25,414

-

-

229

25,643

At 31 January 2025

35,837

3,779

3,234

2,364

45,214

DEPRECIATION

At 1 February 2024

4,169

3,779

876

445

9,269

Charge for year

7,168

-

236

192

7,596

At 31 January 2025

11,337

3,779

1,112

637

16,865

NET BOOK VALUE

At 31 January 2025

24,500

-

2,122

1,727

28,349

At 31 January 2024

6,254

-

2,358

1,690

10,302

6.	FIXED ASSET INVESTMENTS

Unlisted

investment

£

COST

At 1 February 2024

15,250

Additions

22,000

Impairments

(2,900

)

At 31 January 2025

34,350

NET BOOK VALUE

At 31 January 2025

34,350

At 31 January 2024

15,250

7.	CHATTEL ASSETS

Total

£

FAIR VALUE

At 1 February 2024

23,580

Additions

18,000

At 31 January 2025

41,580

NET BOOK VALUE

At 31 January 2025

41,580

At 31 January 2024

23,580

Chattel assets include artwork purchased during the year. It is recorded at its original cost, which is the fair value at the balance sheet date.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Trade debtors

16,638

18,150

Other debtors

87,447

238,192

104,085

256,342

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Credit cards

838

1,224

Trade creditors

-

35

Taxation and social security

19,687

41,305

Other creditors

12,000

1,000

32,525

43,564

10.	ULTIMATE CONTROLLING PARTY

The director controls the company by virtue of their direct interest in the whole of the issued share capital.