REGISTERED NUMBER: 13780567 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

FINLORCAN ESTATES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J.J. McGarry

V.A. Moaven

REGISTERED OFFICE:

Global House

303 Ballards Lane

London

N12 8NP

REGISTERED NUMBER:

13780567 (England and Wales)

ACCOUNTANTS:

K J Pittalis and Partners LLP

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Investment property

4

1,405,000

1,405,000

CURRENT ASSETS

Debtors

5

3,220

-

Cash at bank

19,223

58,579

22,443

58,579

CREDITORS

Amounts falling due within one year

6

(73,887

)

(141,828

)

NET CURRENT LIABILITIES

(51,444

)

(83,249

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,353,556

1,321,751

CREDITORS

Amounts falling due after more than one year

7

(1,264,500

)

(1,264,500

)

NET ASSETS

89,056

57,251

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

88,056

56,251

SHAREHOLDERS' FUNDS

89,056

57,251

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

V.A. Moaven - Director

J.J. McGarry - Director

1.	STATUTORY INFORMATION

Finlorcan Estates Limited 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.

Significant judgements and estimates

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical

accounting estimates. It also requires management to exercise judgement in applying the company's

accounting policies.

Turnover

Turnover represents amounts received from rooms let out. Income is recognised to the year end date.

Turnover represents rents receivable from the investment properties owned by company. Rents are recognised up to the year end date.Turnover represents sales of services net of VAT and trade discounts. Turnover is recognised when the services are provided to the customer.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment

properties are initially measured at cost, including transaction costs. Subsequently investment

properties whose fair value can be measured reliably without undue cost or effort on an on-going basis

is measured at fair value. Gains and losses arising from changes in the fair value of investment

properties are included in profit or less in the period in which they arise.

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 debtors and creditors, loans from banks and other

third parties, loans to related parties and investments in non-puttable ordinary shares.

Cash and cash equivalent

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty

on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no

more than three months from the date of acquisition and that are readily convertible to known amounts

of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank

loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at

amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,405,000

NET BOOK VALUE

At 31 March 2025

1,405,000

At 31 March 2024

1,405,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

3,220

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

-

2,033

Tax

7,930

8,531

Proposed dividends

1,000

2,000

Directors' current accounts

61,657

126,264

Accrued expenses

3,300

3,000

73,887

141,828

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Shareholders loan more 1 year

1,264,500

1,264,500

Included in creditors more than one year there is an amount of £1,264,500 relating to funds owed to non voting shareholders.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

900

Ordinary - Non voting

1

900

900

100

Ordinary

1

100

100

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 April 2024

56,251

Profit for the year

33,805

Dividends

(2,000

)

At 31 March 2025

88,056

10.	ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their direct interest in the whole of the issued share

capital.