JOHN FINLAY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2025
Company Registration Number: 07905357
JOHN FINLAY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
CONTENTS PAGES
Company information 1
Balance sheet 2 to 3
Notes to the financial statements 4 to 7
JOHN FINLAY LTD
COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025
DIRECTORS
S A McEwen
died 22 October 2024
A P McEwen
A McEwen
SECRETARY
The company does not have an appointed secretary
REGISTERED OFFICE
C9 Glyme Court
Oxford Office Village
Langford Lane
Kidlington
Oxfordshire
OX5 1LQ
COMPANY REGISTRATION NUMBER
07905357 England and Wales
JOHN FINLAY LTD
BALANCE SHEET
AS AT 31 JANUARY 2025
Notes 2025 2024
£ £
CURRENT ASSETS
Debtors 5 11 11
Cash at bank and in hand 3 18
14 29
CREDITORS: Amounts falling due within one year 6 15,744 12,584
NET CURRENT LIABILITIES (15,730) (12,555)
CURRENT LIABILITIES LESS TOTAL ASSETS (15,730) (12,555)
CREDITORS: Amounts falling due after more than one year 7 659 2,290
NET LIABILITIES (16,389) (14,845)
CAPITAL AND RESERVES
Called up share capital 28 28
Distributable profit and loss account (16,417) (14,873)
SHAREHOLDERS' DEFICIT (16,389) (14,845)
JOHN FINLAY LTD
BALANCE SHEET
AS AT 31 JANUARY 2025
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.
Signed on behalf of the board of directors
A P McEwen
Director
Date approved by the board: 23 October 2025
JOHN FINLAY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
1 GENERAL INFORMATION
John Finlay Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business are:
Registered office Principal place of business
C9 Glyme Court The Marlborough Arms
Oxford Office Village 26 Oxford Street
Langford Lane Woodstock
Kidlington Oxon
Oxfordshire OX20 1TS
OX5 1LQ
The financial statements are presented in Sterling, which is the functional currency of the company.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of preparation of financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
Going concern
The accounts have been drawn up on the going concern basis. The company owes its bank £2,295 and owes other creditors £14,108 which could be required for repayment without notice. The company is therefore dependent upon the continued support of the bank and its creditors. The directors do not consider the support of the bank or its creditors likely to be withdrawn.
If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.
Revenue recognition
Turnover is measured at the fair value of consideration received or receivable and represents the rental income received, stated net of trade discounts.
The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.
JOHN FINLAY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
Leases
Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.
Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.
Payments received under operating leases are recognised as income over the lease term on a straight-line basis.
JOHN FINLAY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Current and deferred tax assets and liabilities are not discounted.
3 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.
4 EMPLOYEES
The average number of persons employed by the company (including directors) during the year was:
2025 2024
Average number of employees 2 3
5 DEBTORS
2025 2024
£ £
Other debtors 11 11
6 CREDITORS: Amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 1,636 1,592
Accruals and deferred income 12,801 800
Other creditors 1,307 10,192
15,744 12,584
JOHN FINLAY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
7 CREDITORS: Amounts falling due after more than one year
2025 2024
£ £
Bank loans and overdrafts 659 2,290
8 CONTINGENCIES AND COMMITMENTS
Not provided
Deferred Tax Assets 2025 2024
£ £
Losses 2,466 2,172
Balance carried forward 2,466 2,172
Other Commitments
Amounts falling due under operating leases: 2025 2024
£ £
In less than one year 32,000 32,000
In more than one but less than five years 128,000 128,000
In more than five years 94,860 126,860
254,860 286,860
9 RELATED PARTY TRANSACTIONS
During the year, the following transactions with related parties took place:
The Marlborough Arms Ltd
Company under common control 2025 2024
£ £
The Marlborough Arms Ltd Amount owed to related party 1,307 10,192
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