REGISTERED NUMBER: 11347482 (England and Wales)

Financial Statements for the Year Ended 31 May 2025

for

Finsei Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Dozorcevs

A Munawar

G A O'Brien

H Gerhards

REGISTERED OFFICE:

Office 3.8

3 Lloyds Avenue

London

EC3N 3DS

REGISTERED NUMBER:

11347482 (England and Wales)

AUDITORS:

MGA Accountants LLP

3rd Floor, Sovereign House

1 Albert Place

London

N3 1QB

FIXED ASSETS

Tangible assets

4

43,095

19,537

Investments

5

397,200

-

440,295

19,537

CURRENT ASSETS

Debtors

6

669,664

589,641

Cash at bank and in hand

265,395

455,121

935,059

1,044,762

CREDITORS

Amounts falling due within one year

7

183,186

94,812

NET CURRENT ASSETS

751,873

949,950

TOTAL ASSETS LESS CURRENT LIABILITIES

1,192,168

969,487

CAPITAL AND RESERVES

Called up share capital

350,643

350,643

Retained earnings

841,525

618,844

1,192,168

969,487

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 May 2026 and were signed on its behalf by:

A Dozorcevs - Director

1.	STATUTORY INFORMATION

Finsei Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Euro (€).

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.

Preparation of consolidated financial statements

The financial statements contain information about Finsei Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

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 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

€

COST

At 1 June 2024

49,924

Additions

41,929

At 31 May 2025

91,853

DEPRECIATION

At 1 June 2024

30,387

Charge for year

18,371

At 31 May 2025

48,758

NET BOOK VALUE

At 31 May 2025

43,095

At 31 May 2024

19,537

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

€

COST

Additions

397,200

At 31 May 2025

397,200

NET BOOK VALUE

At 31 May 2025

397,200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

€

€

Other debtors

669,664

589,641

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

€

€

Taxation and social security

75,824

36,992

Other creditors

107,362

57,820

183,186

94,812

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mital Gandhi (Senior Statutory Auditor)

for and on behalf of MGA Accountants LLP

9.	RELATED PARTY DISCLOSURES

As at the period end an amount of Euro 6,939 (2024 - Euro 6,939) was owed to the director, Mr. Artjoms Dozorcevs. This amount is included within creditors due within one year.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Dozorcevs.