Registration number: NI037076

Finiskin Limited

(Registration number: NI037076)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	1,195,000	1,195,000
Investments	5	82,596	82,596
		1,277,596	1,277,596
Current assets
Debtors	6	714	959
Cash at bank and in hand		12,052	10,306
		12,766	11,265
Creditors: Amounts falling due within one year	7	(99,351)	(93,834)
Net current liabilities		(86,585)	(82,569)
Total assets less current liabilities		1,191,011	1,195,027
Creditors: Amounts falling due after more than one year	7	(1,262,305)	(1,313,536)
Net liabilities		(71,294)	(118,509)
Capital and reserves
Called up share capital	8	2	2
Retained earnings		(71,296)	(118,511)
Shareholders' deficit		(71,294)	(118,509)

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Finiskin Limited

(Registration number: NI037076)
Balance Sheet as at 31 October 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 22 July 2026 and signed on its behalf by:
 

......................................... Mr David Allister Lamont Director

Finiskin Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: Capital House, 28 Lodge Road, Coleraine, BT52 1NB.

These financial statements were authorised for issue by the Board on 22 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Despite the fact that the Company's liabilities exceed its assets at the balance sheet date the Directors have prepared the accounts on a going concern basis for the following reasons:

- The parent company Blindgate Ltd has committed to continue to give support to the company.

- The company's lenders have continued to provide financial support to the company.

Rental income

Rental income represents total rents receivable, net of value added tax, in relation to investments in properties.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Finiskin Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Investment properties

	2025 £
At 1 November 2024 & 31 October 2025	1,195,000