REGISTERED NUMBER: 12062166 (United Kingdom)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

FINTECH WALES COLLECTIVE

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

8,548

20,189

Tangible assets

5

9,272

25,452

17,820

45,641

CURRENT ASSETS

Debtors

6

48,533

56,260

Cash at bank

599,499

481,035

648,032

537,295

CREDITORS

Amounts falling due within one year

7

632,723

545,254

NET CURRENT ASSETS/(LIABILITIES)

15,309

(7,959

)

TOTAL ASSETS LESS CURRENT LIABILITIES

33,129

37,682

PROVISIONS FOR LIABILITIES

1,387

6,322

NET ASSETS

31,742

31,360

RESERVES

Income and expenditure account

31,742

31,360

31,742

31,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 surplus or deficit 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

Mrs S L Williams-Gardener - Director

1.	STATUTORY INFORMATION

Fintech Wales Collective is a private company, limited by guarantee , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number:

12062166

Registered office:

Suite B

The Warehouse

Wyndham Arcade

Cardiff

CF10 1FH

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.

The financial statements have been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

33% Straight line

Fixtures and fittings

-

33% Straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Website

costs

£

COST

At 1 July 2024

and 30 June 2025

49,549

AMORTISATION

At 1 July 2024

29,360

Amortisation for year

11,641

At 30 June 2025

41,001

NET BOOK VALUE

At 30 June 2025

8,548

At 30 June 2024

20,189

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

and

improvements

fittings

Totals

£

£

£

COST

At 1 July 2024

and 30 June 2025

14,119

34,773

48,892

DEPRECIATION

At 1 July 2024

6,667

16,773

23,440

Charge for year

4,707

11,473

16,180

At 30 June 2025

11,374

28,246

39,620

NET BOOK VALUE

At 30 June 2025

2,745

6,527

9,272

At 30 June 2024

7,452

18,000

25,452

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

23,290

36,961

Prepayments

25,243

19,299

48,533

56,260

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

10,031

8,952

Taxation and social security

15,138

16,773

Accruals and deferred income

605,705

518,106

Other creditors

1,849

1,423

632,723

545,254

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

9,808

9,518