| FINTRAN LIMITED |
| Registered number: |
00359299 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Current assets |
| Debtors |
4 |
|
4,068 |
|
|
4,068 |
| Investments held as current assets |
5 |
|
2,675 |
|
|
2,675 |
| Cash at bank and in hand |
|
|
5,412 |
|
|
6,380 |
|
|
|
12,155 |
|
|
13,123 |
|
| Creditors: amounts falling due within one year |
6 |
|
(94,259) |
|
|
(94,259) |
|
| Net current liabilities |
|
|
|
(82,104) |
|
|
(81,136) |
|
| Net liabilities |
|
|
|
(82,104) |
|
|
(81,136) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(82,204) |
|
|
(81,236) |
|
| Shareholders' funds |
|
|
|
(82,104) |
|
|
(81,136) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The 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. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Charles Nelson |
| Director |
| Approved by the board on 5 December 2025 |
|
| FINTRAN LIMITED |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Going concern |
|
At the balance sheet date, the company's liabilities exceeded its assets. The directors and shareholders have undertaken that they will continue to give financial support to the company for at least twelve months from the date of signing these accounts. The Directors therefore consider it appropriate to prepare the accounts on a going concern basis. |
|
|
Turnover |
|
Turnover represents the proceeds from the sales of shares and other income from investments. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
Plant and machinery |
15% on reducing balance |
|
|
Investments held as current assets |
|
Current asset investments are valued at the lower of cost and average market value at the balance sheet date as determined by the directors. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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 future taxable profits. Deferred tax is measured using the 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2024 |
15,142 |
|
At 31 March 2025 |
15,142 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
15,142 |
|
At 31 March 2025 |
15,142 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
- |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
4,068 |
|
4,068 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Investments held as current assets |
2025 |
|
2024 |
| £ |
£ |
|
Fair value |
|
Listed investments |
225 |
|
225 |
|
Unlisted investments |
2,450 |
|
2,450 |
|
|
|
|
|
|
2,675 |
|
2,675 |
|
|
|
|
|
|
|
|
|
|
Market value of listed investments at 31 March 2025 - £2,289 (2024 - £2,289) |
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
94,259 |
|
94,259 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
(a) Other creditors includes £12,963 (2024: £12,963) due to Ionian Limited, a company under the control of the directors.
(b) Other debtors includes £2,718 (2024: £2,718) due from Cannon Trust Limited, a company controlled by the family of the directors.
(c) Included in other creditors are loans to the company from one of the directors:
Annelise Nelson - £72,584 (2024: £72,584)
The loans are all unsecured, interest-free and with no fixed repayment date. |
|
| 8 |
Other information |
|
|
FINTRAN LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Flat 4 Pinewood |
|
Headley Road, |
|
Grayshott, |
|
Hindhead |
|
GU26 6LL |