General Information
Fincole Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 11234819, registration address 9 Garford Street, London, E14 8JG.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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)
Turnover
Turnover comprises the net rent receivable from the investment properties.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2024 : 1).
|
| 3. |
Investments
| Cost or valuation |
Investment properties |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
504,000 |
|
504,000 |
| Additions |
345,042 |
|
345,042 |
| Disposals |
- |
|
- |
| Revaluations |
5,958 |
|
5,958 |
| At 31 March 2025 |
855,000 |
|
855,000 |
| Depreciation |
| At 01 April 2024 |
- |
|
- |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 31 March 2025 |
- |
|
- |
| Net book values |
| Closing balance as at 31 March 2025 |
855,000 |
|
855,000 |
| Opening balance as at 01 April 2024 |
504,000 |
|
504,000 |
Investment property was revalued on an open market basis by the director as at 31 March 2025. If investment property had not been revalued it would have been included at the historical cost of £692,458.
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
49,800 |
|
0 |
| Accrued Income |
33,250 |
|
41,500 |
| VAT |
0 |
|
350 |
|
83,050 |
|
41,850 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
300 |
|
51 |
| Bank Loans & Overdrafts |
22,735 |
|
23,140 |
| Taxation and Social Security |
661 |
|
78 |
| Other Creditors |
358,058 |
|
156,807 |
|
381,754 |
|
180,076 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
390,840 |
|
197,132 |
|
390,840 |
|
197,132 |
|
| 7. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
40,636 |
|
39,146 |
|
40,636 |
|
39,146 |
|
| 8. |
Other Reserves
|
2025
£ |
|
2024
£ |
| Revaluation Reserve b/fwd |
64,854 |
|
64,854 |
| Revaluation of Investment Property |
5,958 |
|
0 |
| Deferred Tax on Revaluation |
(1,490) |
|
0 |
|
69,322 |
|
64,854 |
|
| 9. |
Related Party Transactions
Creditors due within one year include an interest free amount of £348,379 (2024 - £147,532) due to related company in which the director has controlling interest. This loan is repayable on demand.
Creditors due within one year include an interest free amount of £8,489 (2024 - £8,398) due to the director. This loan is repayable on demand.
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3
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