Finecrest Ventures Ltd

Finecrest Ventures Ltd Accountants' Report For the year ended 31 May 2025
Chartered Accountants' Report to the board of directors on the preparation of the unaudited statutory accounts of Finecrest Ventures Ltd for the year ended 31 May 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Finecrest Ventures Ltd for the year ended 31 May 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance This report is made solely to the Board of Directors of Finecrest Ventures Ltd , as a body, in accordance with the terms of our engagement letter dated 26 June 2024. Our work has been undertaken solely to prepare for your approval the accounts of Finecrest Ventures Ltd and state those matters that we have agreed to state to the Board of Directors of Finecrest Ventures Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Finecrest Ventures Ltd and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Finecrest Ventures Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Finecrest Ventures Ltd . You consider that Finecrest Ventures Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Finecrest Ventures Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts .................................................... Quove Accounting Ltd 3 Brickfields Business Park Old Stowmarket Road, Woolpit Bury St Edmunds IP30 9QS 12 November 2025 2

Finecrest Ventures Ltd
Accountants' Report
For the year ended 31 May 2025

Chartered Accountants' Report to the board of directors on the preparation of the unaudited statutory accounts of Finecrest Ventures Ltd for the year ended 31 May 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Finecrest Ventures Ltd for the year ended 31 May 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of Finecrest Ventures Ltd , as a body, in accordance with the terms of our engagement letter dated 26 June 2024. Our work has been undertaken solely to prepare for your approval the accounts of Finecrest Ventures Ltd and state those matters that we have agreed to state to the Board of Directors of Finecrest Ventures Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Finecrest Ventures Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Finecrest Ventures Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Finecrest Ventures Ltd . You consider that Finecrest Ventures Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Finecrest Ventures Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts

....................................................
Quove Accounting Ltd
3 Brickfields Business Park
Old Stowmarket Road, Woolpit
Bury St Edmunds
IP30 9QS
12 November 2025

Registered Number: 05134232 Finecrest Ventures Ltd
Statement of Financial Position
As at 31 May 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	485,000	485,000
		485,000	485,000
Current assets
Debtors	4	-	70
Cash at bank and in hand		15,279	7,255
		15,279	7,325
Creditors: amount falling due within one year	5	(26,326)	(42,918)
Net current assets		(11,047)	(35,593)

Total assets less current liabilities		473,953	449,407
Provisions for liabilities	6	(57,726)	(54,163)
Net assets		416,227	395,244

Capital and reserves
Called up share capital		1	1
Capital Redemption Reserve	7	1	1
Fair Value Reserves	8	230,906	230,906
Profit and loss account		185,319	164,336
Shareholders' funds		416,227	395,244

For the year ended 31 May 2025 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 12 November 2025 and were signed by:

-------------------------------
John Steven Smith
Director

Finecrest Ventures Ltd
Notes to the Financial Statements
For the year ended 31 May 2025

General Information

Finecrest Ventures Ltd is a private company, limited by shares, registered in England and Wales, registration number 05134232, registration address 3 Brickfields Business Park, Old Stowmarket Road, Woolpit, Brury St Edmunds, Suffolk, IP30 9QS.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 01 June 2024	485,000	485,000
Additions	-	-
Disposals	-	-
At 31 May 2025	485,000	485,000
Depreciation
At 01 June 2024	-	-
Charge for year	-	-
On disposals	-	-
At 31 May 2025	-	-
Net book values
Closing balance as at 31 May 2025	485,000	485,000
Opening balance as at 01 June 2024	485,000	485,000

Debtors: amounts falling due within one year

	2025 £		2024 £
Prepayments & Accrued Income	-		70
	-		70

Creditors: amount falling due within one year

	2025 £	2024 £
Corporation Tax	5,758	2,370
Accrued Expenses	725	725
Directors' Current Accounts	19,843	39,823
	26,326	42,918

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	57,726		54,163
	57,726		54,163

Capital Redemption Reserve

	2025 £		2024 £
Capital Redemption Reserve b/fwd	1		1
	1		1

Fair Value Reserves

	2025 £		2024 £
Fair Value Reserve b/fwd	230,906		230,906
	230,906		230,906

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)				Balance owed by/(owed to)
	2025 £		2024 £		2025 £		2024 £
John Steven Smith	-		-		(19,843)		(39,823)


Registered Number: 05134232
England and Wales
Unaudited Financial Statements

for the year ended 31 May 2025
for
FINECREST VENTURES LTD