Company Registration No. 10574381 (England and Wales)
Finovium Associates Limited
Unaudited accounts
for the year ended 31 January 2025
Finovium Associates Limited
Unaudited accounts
Contents
Finovium Associates Limited
Company Information
for the year ended 31 January 2025
Company Number
10574381 (England and Wales)
Registered Office
3A Callow Street
London
SW3 6BJ
United Kingdom
Accountants
Finovium & Co
7 Bell Yard
London
WC2A 2JR
Finovium Associates Limited
Statement of financial position
as at 31 January 2025
Cash at bank and in hand
744
7,065
Creditors: amounts falling due within one year
(34,368)
(34,091)
Net current liabilities
(23,814)
(16,414)
Total assets less current liabilities
(22,956)
(15,531)
Creditors: amounts falling due after more than one year
(1,737)
(5,872)
Net liabilities
(24,693)
(21,403)
Called up share capital
1
1
Profit and loss account
(24,694)
(21,404)
Shareholders' funds
(24,693)
(21,403)
For the year ending 31 January 2025 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 31 October 2025 and were signed on its behalf by
Andrew Searle
Director
Company Registration No. 10574381
Finovium Associates Limited
Notes to the Accounts
for the year ended 31 January 2025
Finovium Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 10574381. The registered office is 3A Callow Street, London, SW3 6BJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. 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 under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
4 years straight line
Computer equipment
4 years straight line
Finovium Associates Limited
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2024
616
4,694
5,310
At 31 January 2025
1,115
4,694
5,809
At 1 February 2024
467
3,960
4,427
Charge for the year
279
245
524
At 31 January 2025
746
4,205
4,951
At 31 January 2025
369
489
858
At 31 January 2024
149
734
883
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
4,134
4,048
Trade creditors
6,142
3,043
Other creditors
12,636
12,637
Loans from directors
10,806
13,411
7
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Finovium Associates Limited
Notes to the Accounts
for the year ended 31 January 2025
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).