Shojin Financial Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09697161

Shojin Financial Services Limited

Filleted Financial Statements

30 June 2025

Shojin Financial Services Limited

Statement of Financial Position

30 June 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	104,283	122,686

Current assets

Debtors	6	3,186,439	2,241,290
Cash at bank and in hand		75,031	101,518
		------------	------------
		3,261,470	2,342,808

Creditors: amounts falling due within one year	7	( 433,753)	( 239,153)
		------------	------------
Net current assets		2,827,717	2,103,655
		------------	------------
Total assets less current liabilities		2,932,000	2,226,341

Creditors: amounts falling due after more than one year	8	( 23,165)	( 29,094)
		------------	------------
Net assets		2,908,835	2,197,247
		------------	------------

Capital and reserves

Called up share capital	2,588,027	2,055,052
Profit and loss account	320,808	142,195
	------------	------------
Shareholders funds	2,908,835	2,197,247
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 20 October 2025 , and are signed on behalf of the board by:

Mr N Porter

Director

Company registration number: 09697161

Shojin Financial Services Limited

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1, First Floor, 1 Duchess Street, London, W1W 6AN, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Platform Fees	-	15% reducing balance

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2024: 10 ).

5. Intangible assets

	Platform Fees
	£
Cost
At 1 July 2024 and 30 June 2025	172,200
	---------
Amortisation
At 1 July 2024	49,514
Charge for the year	18,403
	---------
At 30 June 2025	67,917
	---------
Carrying amount
At 30 June 2025	104,283
	---------
At 30 June 2024	122,686
	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	68,806	74,474
Other debtors	3,117,633	2,166,816
	------------	------------
	3,186,439	2,241,290
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,928	5,928
Trade creditors	39,880	98,802
Amounts owed to group undertakings and undertakings in which the company has a participating interest	233,175	789
Social security and other taxes	127,669	108,229
Other creditors	27,101	25,405
	---------	---------
	433,753	239,153
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	23,165	29,094
	--------	--------

9. Summary audit opinion

The auditor's report dated 20 October 2025 was unqualified .

The senior statutory auditor was Paul Mattei , for and on behalf of Leaman Mattei .

10. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Shojin Property Partners Limited	–	–	–	84,478
Shojin Holding Limited	–	( 614)	–	( 789)
	----	----	----	--------

During the year , Shojin Financial Services Limited provided services to Shojin Property Partners Limited, a company with common directors.

11. Controlling party

Shojin Financial Services Limited is a 100% wholly owned subsidiary of Shojin Holdings Limited. The parent undertaking, Shojin Holdings Limited is a company registered in England and wales. Registered office address is Suite 1, First Floor, 1 Duchess Street, London, W1W 6AN.