Registration number: 14512322

Fundi Commercial Finance Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Fundi Commercial Finance Limited

Company Information

Director

Mr M McKay

Registered office

Suite 606, West Village 114 Wellington Street Leeds LS1 1BA

Bankers

Starling Bank Limited 3rd Floor 2 Finsbury Avenue London EC2M 2PP

Accountants

Forrester Boyd Limited Suite 606, West Village 114 Wellington Street Leeds LS1 1BA

Fundi Commercial Finance Limited

(Registration number: 14512322)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	15,224	2,416
Tangible assets	5	116,682	107,082
Debtors	6	54,542	-
		186,448	109,498
Current assets
Debtors	6	154,966	65,675
Cash at bank and in hand		341,964	203,237
		496,930	268,912
Creditors: Amounts falling due within one year	7	(145,064)	(73,361)
Net current assets		351,866	195,551
Total assets less current liabilities		538,314	305,049
Creditors: Amounts falling due after more than one year	7	(48,439)	(28,524)
Provisions for liabilities		(36,042)	(19,168)
Net assets		453,833	257,357
Capital and reserves
Called up share capital	8	90	90
Retained earnings		453,743	257,267
Shareholders' funds		453,833	257,357

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 September 2026
 

......................................... Mr M McKay Director

Fundi Commercial Finance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The Company is a private company limited by share capital, incorporated in England. The company's registration number is 14512322.

The address of its registered office is:
Suite 606, West Village
114 Wellington Street
Leeds
LS1 1BA

The principal place of business is:
Riverside Suite 2
Rose Wharf
East Street
Leeds
LS9 8EE

These financial statements were authorised for issue by the director on 24 September 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.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company’s activities. Turnover is shown net of rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred 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.

Fundi Commercial Finance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% Straight line basis
Computers	33% Straight line basis
Motor vehicles	25% Reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website design	20% Straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fundi Commercial Finance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 7 (2025 - 5).

Fundi Commercial Finance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 April 2025	2,589	2,589
Additions acquired separately	14,806	14,806
At 31 March 2026	17,395	17,395
Amortisation
At 1 April 2025	173	173
Amortisation charge	1,998	1,998
At 31 March 2026	2,171	2,171
Carrying amount
At 31 March 2026	15,224	15,224
At 31 March 2025	2,416	2,416

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	8,001	123,440	131,441
Additions	4,808	72,204	77,012
Disposals	-	(51,990)	(51,990)
At 31 March 2026	12,809	143,654	156,463
Depreciation
At 1 April 2025	2,426	21,933	24,359
Charge for the year	2,946	36,288	39,234
Eliminated on disposal	-	(23,812)	(23,812)
At 31 March 2026	5,372	34,409	39,781
Carrying amount
At 31 March 2026	7,437	109,245	116,682
At 31 March 2025	5,575	101,507	107,082

Fundi Commercial Finance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6

Debtors

Current	2026 £	2025 £
Trade debtors	105,062	57,838
Prepayments	3,561	2,837
Other debtors	46,343	5,000
	154,966	65,675

 

Non-current	2026 £	2025 £
Other debtors	54,542	-
	54,542	-

Included within other debtors is a loan receivable, this loan is unsecured and incurs interest at a rate of 24%per annum.

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings		12,300	6,814
Trade creditors		2,340	4,991
Taxation and social security		112,541	53,442
Other creditors		17,883	8,114
		145,064	73,361

Loans and borrowings include hire purchase contracts which are secured against the assets concerned.

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings		48,439	28,524

Loans and borrowings include hire purchase contracts which are secured against the assets concerned.

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	90	90	90	90

Fundi Commercial Finance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

9	Obligations under leases and hire purchase contracts

Finance leases and hire purchase contracts

The total of future minimum lease payments is as follows:

	2026 £	2025 £
Not later than one year	12,300	6,819
Later than one year and not later than five years	48,439	26,984
	60,739	33,803