The FNI Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14263315

THE FNI GROUP LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 July 2025

THE FNI GROUP LIMITED

STATEMENT OF FINANCIAL POSITION

31 July 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Investments	5		–		140,000

CURRENT ASSETS

Debtors	6	36,624	38,296
Cash at bank and in hand		320,226	327,005
		---------	---------
		356,850	365,301

CREDITORS: amounts falling due within one year	7	501,942		503,974
		---------		---------
NET CURRENT LIABILITIES			145,092		138,673
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 145,092)		1,327
			---------		-------
NET (LIABILITIES)/ASSETS			( 145,092)		1,327
			---------		-------

CAPITAL AND RESERVES

Called up share capital fully paid	1	1
Profit and loss account	( 145,093)	1,326
	---------	-------
SHAREHOLDERS (DEFICIT)/FUNDS	( 145,092)	1,327
	---------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

THE FNI GROUP LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 24 April 2026 , and are signed on behalf of the board by:

Ms H Sheridan

Director

Company registration number: 14263315

THE FNI GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Going concern

The company currently meets its daily working capital requirements through operating revenues and banking facilities. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Motor vehicles	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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 and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. INVESTMENTS

	Other investments other than loans
	£
Cost
At 1 August 2024 and 31 July 2025	140,000
	---------
Impairment
At 1 August 2024	–
Impairment losses	140,000
	---------
At 31 July 2025	140,000
	---------

Carrying amount
At 31 July 2025	–
	---------
At 31 July 2024	140,000
	---------

6. DEBTORS

	2025	2024
	£	£
Other debtors	36,624	38,296
	--------	--------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	65	2,463
Other creditors	501,877	501,511
	---------	---------
	501,942	503,974
	---------	---------

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr A Nugent	38,296	1,328	( 3,000)	36,624
	--------	-------	-------	--------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr A Nugent	39,825	1,721	( 3,250)	38,296
	--------	-------	-------	--------

Interest was charged at a commercial rate.

9. RELATED PARTY TRANSACTIONS

A director has advanced monies to the company. At 31 July 2025 the amount due from the company was £499,999 (2024 - £499,999).

10. GOING CONCERN

The directors have considered the period to 30 April 2027 when assessing the company's ability to continue as a going concern. It is believed that the company will be able to satisfy it's liabilities as these become payable.