1 January 2025 false No description of principal activity Taxfiler 2024.6 true 13569173 business:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 13569173 2024-12-31 13569173 2025-01-01 2025-12-31 13569173 business:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 13569173 business:FilletedAccounts 2025-01-01 2025-12-31 13569173 2025-12-31 13569173 business:Director1 2025-01-01 2025-12-31 13569173 business:Director2 2025-01-01 2025-12-31 13569173 business:Director3 2025-01-01 2025-12-31 13569173 business:RegisteredOffice 2025-01-01 2025-12-31 13569173 2024-12-31 13569173 core:WithinOneYear 2025-12-31 13569173 core:WithinOneYear 2024-12-31 13569173 core:ShareCapital core:PreviouslyStatedAmount 2025-12-31 13569173 core:ShareCapital core:PreviouslyStatedAmount 2024-12-31 13569173 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-12-31 13569173 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-12-31 13569173 core:PreviouslyStatedAmount 2025-12-31 13569173 core:PreviouslyStatedAmount 2024-12-31 13569173 business:SmallEntities 2025-01-01 2025-12-31 13569173 countries:EnglandWales 2025-01-01 2025-12-31 13569173 core:IntangibleAssetsOtherThanGoodwill 2024-12-31 13569173 core:IntangibleAssetsOtherThanGoodwill 2025-12-31 13569173 core:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 13569173 core:AcceleratedTaxDepreciationDeferredTax 2025-12-31 13569173 core:AcceleratedTaxDepreciationDeferredTax 2024-12-31 13569173 core:TaxLossesCarry-forwardsDeferredTax 2025-12-31 13569173 core:TaxLossesCarry-forwardsDeferredTax 2024-12-31 13569173 2023-12-31 13569173 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company Registration No. 13569173 (England and Wales)
Finorama Technology Limited Unaudited accounts for the year ended 31 December 2025
Finorama Technology Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Finorama Technology Limited Company Information for the year ended 31 December 2025
Directors
Manuel Carrelet Arnaud de Marmies Admio Capital Ltd
Company Number
13569173 (England and Wales)
Registered Office
167-169 Great Portland Street 5th Floor London W1W 5PF United Kingdom
Accountants
Yulia Tarasenka 7 Hever Croft London SE9 3HA
- 3 -
Finorama Technology Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
73,843
87,269
Current assets
Debtors
5
-
35,000
Cash at bank and in hand
2,725
1,408
2,725
36,408
Creditors: amounts falling due within one year
6
(37,662)
(64,761)
Net current liabilities
(34,937)
(28,353)
Total assets less current liabilities
38,906
58,916
Provisions for liabilities
Deferred tax
7
(12,404)
(17,452)
Net assets
26,502
41,464
Capital and reserves
Called up share capital
100
100
Profit and loss account
26,402
41,364
Shareholders' funds
26,502
41,464
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 24 March 2026 and were signed on its behalf by
Manuel Carrelet Director Company Registration No. 13569173
- 4 -
Finorama Technology Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Finorama Technology Limited is a private company, limited by shares, registered in England and Wales, registration number 13569173. The registered office is 167-169 Great Portland Street, 5th Floor, London, W1W 5PF, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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 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.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
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.
Intangible fixed assets
Software development costs are capitalised as intangible assets. Cost includes directly attributable costs of software acquisition and implementation. Software costs are amortised on a straight-line basis based on a 7 year useful life.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Going concern
The financial statements have been prepared on a going concern basis. The Company is currently loss making and the directors’ have prepared a cash flow forecast which shows that additional funds will be required to meet expected obligations over the short to medium term, and that additional funding will be available from the Company’s existing shareholders, in order to ensure the Company can meet its obligations as they fall due.
- 5 -
Finorama Technology Limited Notes to the Accounts for the year ended 31 December 2025
4
Intangible fixed assets
Other
£
Cost
At 1 January 2025
107,000
At 31 December 2025
107,000
Amortisation
At 1 January 2025
19,731
Charge for the year
13,426
At 31 December 2025
33,157
Net book value
At 31 December 2025
73,843
At 31 December 2024
87,269
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
-
35,000
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
80
34,240
Amounts owed to group undertakings and other participating interests
36,582
29,441
Accruals
1,000
1,080
37,662
64,761
7
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
18,460
21,817
Tax losses carried forward
(6,056)
(4,365)
12,404
17,452
2025
2024
£
£
Provision at start of year
17,452
13,332
(Credited)/charged to the profit and loss account
(5,048)
4,120
Provision at end of year
12,404
17,452
Deferred tax has been provided in full on timing differences at a tax rate of 25% which is the rate that is expected to apply when the timing differences reverse, based on currently enacted laws. These DTAs can be used to offset taxable income in future periods and reduce the income taxes payable in those future periods. At this time, the directors’ consider it is probable that the Company will have sufficient taxable income in the future that will allow the Company to realise these DTAs
- 6 -
Finorama Technology Limited Notes to the Accounts for the year ended 31 December 2025
8
Transactions with related parties
Icefog Limited ("Icefog") At the balance sheet date, Icefog owned 37% of ordinary share capital of the Company. At 31 December 2025 amounts due to group undertakings include an unsecured and interest free loan of £34,441 (2024: £29,441) owed to Icefog. The loan is repayable on demand. Admio Capital Ltd ("Admio") Admio owns 10.5% of ordinary share capital of the Company. At 31 December 2025 amounts due to group undertakings include an unsecured and interest free loan of £2,140 (2024: £NIL) owed to Icefog. The loan is repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 7 -