ACCOUNTS - Final Accounts

Registered number: 07423867

FINANCE BIRMINGHAM LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2026

FINANCE BIRMINGHAM LIMITED

REGISTERED NUMBER: 07423867

BALANCE SHEET

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Current assets
Debtors: amounts falling due within one year	4	18,911		18,705
Cash at bank and in hand	5	110,550		260,252
		129,461		278,957

Creditors: amounts falling due within one year	6	(11,927)		(103,716)
Net current assets			117,534		175,241
Total assets less current liabilities			117,534		175,241
Net assets			117,534		175,241

Capital and reserves
Called up share capital	7	50,001	50,001
Profit and loss account	8	67,533	125,240
		117,534	175,241

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 July 2026.

A Healey

Director

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

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FINANCE BIRMINGHAM LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2026

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 April 2024	50,001	195,164	245,165
Comprehensive income for the year
Loss for the year	-	(69,924)	(69,924)
Total comprehensive income for the year	-	(69,924)	(69,924)

At 1 April 2025	50,001	125,240	175,241
Comprehensive income for the year
Loss for the year	-	(57,707)	(57,707)
Total comprehensive income for the year	-	(57,707)	(57,707)
At 31 March 2026	50,001	67,533	117,534

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

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FINANCE BIRMINGHAM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Finance Birmingham Limited is a private Company limited by shares which is incorporated and domiciled in the United Kingdom. The company registration number is 07423867 and the registered office is The Council House, Victoria Square, West Midlands, B1 1BB.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling (£), which is the functional currency of the company. The accounts have been prepared to the nearest £.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue represents fees receivable for loans arranged and monitored on behalf of Birmingham City Council exclusive of value added tax.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.5

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.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2025 - 3).

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FINANCE BIRMINGHAM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Debtors

					2026	2025
					£	£

Trade debtors	600	1,800
Amounts owed by group undertakings	-	630
Other debtors	-	3,073
Prepayments and accrued income	18,311	13,202
	18,911	18,705

5.	Cash and cash equivalents
		2026	2025
		£	£

	Cash at bank and in hand	110,550	260,252

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Trade creditors	84	92,499
Other taxation and social security	793	-
Accruals and deferred income	11,050	11,217
	11,927	103,716

7.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

50,001 (2025 - 50,001) Ordinary shares of £1.00 each	50,001	50,001

Reserves

Profit and loss account

Includes all current and prior period retained profits and losses.

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FINANCE BIRMINGHAM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

9.	Related party transactions
	During the period the Company incurred transactions with connected companies however the Directors deem these to be under normal market conditions and therefore not disclosed in the financial statements in accordance with FRS 102 Section 1A.

10.	Controlling party

The Company's parent undertaking and ultimate controlling party is Birmingham City Council.

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