Fine Consult Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 01326580

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		40		80
Investment Properties	5		1,175,475		1,175,475

			1,175,515		1,175,555
CURRENT ASSETS
Debtors		41,949		27,541
Cash at bank and in hand		6,465		14,319

		48,414		41,860
Creditors: Amounts Falling Due Within One Year		(329,552 )		(332,480 )

NET CURRENT ASSETS (LIABILITIES)			(281,138 )		(290,620 )

TOTAL ASSETS LESS CURRENT LIABILITIES			894,377		884,935

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(10 )

NET ASSETS			894,377		884,925

CAPITAL AND RESERVES
Called up share capital	6		400		400
Capital redemption reserve			99,700		99,700
Profit and Loss Account			794,277		784,825

SHAREHOLDERS' FUNDS			894,377		884,925

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Fine Consult Limited

Abridged Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 January 2026 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr J J Fine

Director

24 July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Fine Consult Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01326580 . The registered office is Rathgowry, Gyllyngvase Hill, Falmouth, Cornwall, TR11 4DN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% straight line
Fixtures & Fittings	20% straight line

2.4. Investment Properties

The company's investment property is measured at fair value at each reporting date. Any changes in the fair value are recognized in the Profit or Loss account. The valuation was determined by the Directors based on their assessment of current market conditions, including recent comparable sales data and local rental market trends. No independent professional valuation was obtained for this financial year. The Directors believe this valuation accurately reflects the market value of the property in the current economic environment.

2.5. Financial Instruments

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable and receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of trade debt deferred beyond the normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised costs are assessed at the end of each reporting period for the objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

For financial assets measured at amortised cost, the impairment loss is measured at the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

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Fine Consult Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 January 2026

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Cash and cash equivalents are shown net of bank overdrafts that are repayable on demand.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Tangible Assets

	Total
	£
Cost
As at 1 February 2025	1,725

As at 31 January 2026	1,725

Depreciation
As at 1 February 2025	1,645
Provided during the period	40

As at 31 January 2026	1,685

Net Book Value
As at 31 January 2026	40

As at 1 February 2025	80

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Fine Consult Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 January 2026

5. Investment Property

	2026
	£
Fair Value
As at 1 February 2025 and 31 January 2026	1,175,475

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2026	2025
	£	£
Cost	1,175,475	1,175,475

6. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	400	400

7. Related Party Transactions

During the year, Fine Consult Ltd received funds from another entity which is under the control and ownership of Mr J Fine. The total creditors remaining outstanding at the reporting date is £42,699 (Total debtors 2025 : £51,539).

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