The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

Finstick Limited is a private company limited by shares incorporated in England and Wales. The registered office is Second Floor De Burgh House, Market Road, Wickford, Essex, SS12 0FD.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 US dollars, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest $.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Ttruehe director has prepared the financial statements on the going concern basis. This is considered appropriate as the director has a reasonable expectation that the company's shareholders and creditors will continue to provide the financial support to the company for the foreseeable future. Should the company be unable to continue in operational existence, adjustments would have to be made to reduce the value of assets to their recoverable amounts, and to provide for any liabilities which might arise.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets include debtors.

Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities include creditors. Creditors are not interest bearing and are stated at their nominal value.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Assets and liabilities in foreign currencies are translated into US Dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into US Dollar at the rate of exchange ruling at the date of translation. Exchange differences are taken into account in arriving at the operating result.

The average monthly number of persons (including directors) employed by the company during the year was:

Details of the company's subsidiaries at 31 December 2023 are as follows:

On 12 January 2023 the company issued a Special Resolution to reduce the share capital of the company from $38,400,000 redeemable shares of $1 each, to $10,000 redeemable shares of $1 each.

On 12 January 2023 the company issued a Special Resolution to reduce the share capital of the company from $38,400,000 redeemable shares of $1 each, to $10,000 redeemable shares of $1 each.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The following amounts were outstanding at the reporting end date:

At the balance sheet date, the amount due to Brimtake Limited, the parent company amounted to $11,407,027 (2022: $11,403,599). During the year the parent company provided additional funding of $nil (2022: $nil). The movement in the year is made up of losses on foreign exchange of $3,428 (2022: gains of $5,950).

At the balance sheet date, the amount due to Green Tower LLC, a subsidiary amounted to $614,076 (2022: $476,690). This is made up of amounts paid by Green Tower LLC on behalf of the parent company, Brimtake Limited during the year. These loans were interest free and repayable on demand.

At the balance sheet date, the amount due from Green Tower LLC, a subsidiary amounted to $10,902,983 (2022: $10,902,983). There have been no further loans advanced or any loan repayments in the year. These loans were interest free and repayable on demand.

At the balance sheet date, the amount due from Lectar LLC, a subsidiary amounted to $3,237,407 (2022: $3,237,407). There have been no further loans advanced or any loan repayments in the year. These loans were interest free and repayable on demand.

Included within other debtors is an amount due from ACS Trustees Limited, a company under common control amounting to $713,901 (2022: $576,515). During the year the company made payments on behalf of ACS Trustees Limited amounting to $137,386 (2022: $83,206) and received $nil (2022: $nil).

Trade creditors are made up of an amount due to Entheus Consulting SA, a company under common control amounting to $90,290 (2022: $71,851). During the year, the company received additional invoices in respect of legal and professional fees amounting to $15,375 (2022: $7,841) and Entheus Consulting SA made payments amounting to $nil (2022: $14,991) on behalf of Finstick Limited. The total amounts paid by the shareholder to Entheus Consulting SA on behalf of Finstick Limited amounted to $nil (2022: $nil). The movement in the year includes foreign exchange losses of $3,065 (2022: gains of $2,878).

The immediate parent company is Brimtake Limited (2022: Brimtake Limited), registered at Stradbrook House, Stradbrook road, Blackrock, Co. Dublin, Ireland.

Ultimate control of the company rests with Isaac Truzman (2022: Isaac Truzman), an individual resident in Switzerland.