Fintech Analytics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10724622 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2022

for

Fintech Analytics Limited

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr Srinivasan Krishnamoorthy

REGISTERED OFFICE:

12 Park Lane

Tilehurst

Reading

Berkshire

RG31 5DL

REGISTERED NUMBER:

10724622 (England and Wales)

ACCOUNTANTS:

Avalon Accounting Limited

12 Park Lane

Tilehurst

Reading

Berkshire

RG31 5DL

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2022 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Avalon Accounting Limited

12 Park Lane

Tilehurst

Reading

Berkshire

RG31 5DL

Date: .............................................

FIXED ASSETS

Tangible assets

4

2,181

2,018

CURRENT ASSETS

Debtors

5

145,000

145,000

Cash at bank

73,636

91,244

218,636

236,244

CREDITORS

Amounts falling due within one year

6

138,724

146,697

NET CURRENT ASSETS

79,912

89,547

TOTAL ASSETS LESS CURRENT LIABILITIES

82,093

91,565

CREDITORS

Amounts falling due after more than one year

7

-

21,446

NET ASSETS

82,093

70,119

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

81,993

70,019

SHAREHOLDERS' FUNDS

82,093

70,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 28 October 2022 and were signed by:

Mr Srinivasan Krishnamoorthy - Director

1.	STATUTORY INFORMATION

Fintech Analytics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

TAXATION

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2021

700

2,085

2,785

Additions

-

889

889

At 28 February 2022

700

2,974

3,674

DEPRECIATION

At 1 March 2021

175

592

767

Charge for year

131

595

726

At 28 February 2022

306

1,187

1,493

NET BOOK VALUE

At 28 February 2022

394

1,787

2,181

At 28 February 2021

525

1,493

2,018

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Intercompany Loan

145,000

145,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other loans (see note 8)

-

3,554

Corporation tax

2,942

11,451

VAT

28,568

30,446

Directors' current accounts

106,374

100,568

Accrued expenses

840

678

138,724

146,697

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other loans (see note 8)

-

21,446

8.

LOANS

An analysis of the maturity of loans is given below:

2022

2021

£

£

Amounts falling due within one year or on demand:

Bounce back loan less than 1

year

-

3,554

-

3,554

Amounts falling due between two and five years:

Bounce back loan more than 1

year

-

21,446

-

21,446

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 March 2021

70,019

Profit for the year

12,974

Dividends

(1,000

)

At 28 February 2022

81,993

11.	RELATED PARTY DISCLOSURES

Details of related party transactions are given below:-

a. As at year end, company owned, £145,000 to the following parties. Details as given below :-

1. As at year end company owned to Global habitat Ltd £5,000 (P.Y. £5,000) in which Mr Srinivasan Krishnamoorthy is also director.

Opening balance : £5,000

Transactions during the year : Loan advanced Nil

Closing balance : £5,000

2. As at year end company owned to SA Habitat Ltd £70,000 (P.Y. £70,000) in which Mr Srinivasan Krishnamoorthy is also shareholder.

Opening balance : £70,000

Transactions during the year : Loan advanced Nil

Closing balance : £70,000

3. As at year end company owned to AM Heights Ltd £70,000 (P.Y. £70,000 ) in which Mr. Srinivasan Krishnamoorthy is also director.

Opening balance : £70,000

Transactions during the year : Loan advanced Nil

Closing balance : £70,000

4.During the year, dividend of £1,000 (P.Y. £17,000) declared and paid to Mr Srinivasan Krishnamoorthy. Mr Srinivasan Krishnamoorthy is also a director of the company.

12.	EVENT DURING THE REPORTING PERIOD

For the year ended on 28th February 2022, the Coronavirus (COVID-19) continued to have a significant impact on businesses worldwide. As a result some business operations have been restricted, however the entity continues to operate using alternative methods and remote working. The directors are unable to evaluate the overall financial impact on the business at present. Hence the financial statements do not include any adjustments that might result from the outcome of this uncertainty. The directors are continuing to monitor, assess and act with reference to the current changing environment in order to position the company to ensure its future success.

13.	ULTIMATE CONTROLLING PARTY

The company is under control of Mr Srinivasan Krishnamoorthy who owns 100% of issued share capital of the company. Mr Srinivasan Krishnamoorthy is also a director of the company.