The Fine Diamond, Jewellery & Watch Co Ltd 31/08/2025 iXBRL

Company registration number: 10046790

The Fine Diamond, Jewellery & Watch Co Ltd

Unaudited filleted financial statements

31 August 2025

The Fine Diamond, Jewellery & Watch Co Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

The Fine Diamond, Jewellery & Watch Co Ltd

Directors and other information


	Directors	Mr Mehmet Yusuf
		Mrs Hayal Ahmet
		Mrs Rengin Ismail


	Company number	10046790


	Registered office	Vaughan Chambers
		Vaughan Road
		Harpenden
		AL5 4EE


	Accountants	Hicks and Company
		Chartered Accountants
		Vaughan Chambers
		Vaughan Road
		Harpenden
		AL5 4EE

The Fine Diamond, Jewellery & Watch Co Ltd

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of The Fine Diamond, Jewellery & Watch Co Ltd

Year ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Fine Diamond, Jewellery & Watch Co Ltd for the year ended 31 August 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of The Fine Diamond, Jewellery & Watch Co Ltd, as a body, in accordance with the terms of our engagement letter dated 13 May 2025. Our work has been undertaken solely to prepare for your approval the financial statements of The Fine Diamond, Jewellery & Watch Co Ltd and state those matters that we have agreed to state to the board of directors of The Fine Diamond, Jewellery & Watch Co Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Fine Diamond, Jewellery & Watch Co Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that The Fine Diamond, Jewellery & Watch Co Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Fine Diamond, Jewellery & Watch Co Ltd. You consider that The Fine Diamond, Jewellery & Watch Co Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Fine Diamond, Jewellery & Watch Co Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hicks and Company

Chartered Accountants

Vaughan Chambers

Vaughan Road

Harpenden

AL5 4EE

14 May 2026

The Fine Diamond, Jewellery & Watch Co Ltd

Statement of financial position

31 August 2025

		2025		2024
	Note	£	£	£	£

Current assets
Debtors	5	374		-
Cash at bank and in hand		54,166		56,159
		_______		_______
		54,540		56,159
Creditors: amounts falling due
within one year	6	( 14,558)		( 14,584)
		_______		_______
Net current assets			39,982		41,575
			_______		_______
Total assets less current liabilities			39,982		41,575

			_______		_______
Net assets			39,982		41,575
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			39,882		41,475
			_______		_______
Shareholders funds			39,982		41,575
			_______		_______

For the year ending 31 August 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.

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.

These financial statements were approved by the board of directors and authorised for issue on 14 May 2026 , and are signed on behalf of the board by:

Mr Mehmet Yusuf

Director

Company registration number: 10046790

The Fine Diamond, Jewellery & Watch Co Ltd

Notes to the financial statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, AL5 4EE.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Debtors

	2025	2024
	£	£
Other debtors	374	-
	_______	_______

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	-	300
Other creditors	14,558	14,284
	_______	_______
	14,558	14,584
	_______	_______

7. 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	Balance o/standing
		£	£	£
	Mr Mehmet Yusuf	( 13,094)	-	( 13,094)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Mehmet Yusuf	( 13,010)	( 84)	( 13,094)
		_______	_______	_______

8. Related party transactions

During the year, the company purchased goods and services totalling £4,926 (2024 - £8,370) from Joseph Lewin Ltd, a company in which Mr Mehmet Yusuf is a director and shareholder. At 31 August 2025, there was a balance due from the company to Joseph Lewin Ltd of £nil (2024 - £nil).