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REGISTERED NUMBER: 05934980 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2022

for

Affirm Hold Limited

Affirm Hold Limited (Registered number: 05934980)






Contents of the Financial Statements
for the Year Ended 31st January 2022




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Affirm Hold Limited

Company Information
for the Year Ended 31st January 2022







DIRECTOR: A Ficken





REGISTERED OFFICE: 147a High Street
Waltham Cross
Hertfordshire
EN8 7AP





REGISTERED NUMBER: 05934980 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Affirm Hold Limited

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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Affirm Hold Limited for the year ended 31st January 2022 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Affirm Hold Limited in accordance with the terms of our engagement letter dated 14th December 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Affirm Hold Limited and state those matters that we have agreed to state to the director of Affirm Hold Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Affirm Hold Limited and its director for our work or for this report.

It is your duty to ensure that Affirm Hold Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Affirm Hold Limited. You consider that Affirm Hold Limited 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 financial statements of Affirm Hold Limited. 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 financial statements.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP


12th July 2022

Affirm Hold Limited (Registered number: 05934980)

Statement of Financial Position
31st January 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,790 63,485
Investments 5 653,137 564,968
705,927 628,453

CURRENT ASSETS
Debtors 6 1,331,410 1,379,011
Cash at bank and in hand 63,149 39,881
1,394,559 1,418,892
CREDITORS
Amounts falling due within one year 7 4,672 20,632
NET CURRENT ASSETS 1,389,887 1,398,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,095,814

2,026,713

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 2,095,813 2,026,712
SHAREHOLDERS' FUNDS 2,095,814 2,026,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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.

Affirm Hold Limited (Registered number: 05934980)

Statement of Financial Position - continued
31st January 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th July 2022 and were signed by:





A Ficken - Director


Affirm Hold Limited (Registered number: 05934980)

Notes to the Financial Statements
for the Year Ended 31st January 2022

1. STATUTORY INFORMATION

Affirm Hold 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 15% on reducing balance

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

Current or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

Affirm Hold Limited (Registered number: 05934980)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2022

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st February 2021
and 31st January 2022 27,483 54,490 81,973
DEPRECIATION
At 1st February 2021 15,763 2,725 18,488
Charge for year 2,930 7,765 10,695
At 31st January 2022 18,693 10,490 29,183
NET BOOK VALUE
At 31st January 2022 8,790 44,000 52,790
At 31st January 2021 11,720 51,765 63,485

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st February 2021 564,968
Revaluations 88,169
At 31st January 2022 653,137
NET BOOK VALUE
At 31st January 2022 653,137
At 31st January 2021 564,968

Cost or valuation at 31st January 2022 is represented by:

Other
investments
£   
Valuation in 2021 564,968
Valuation in 2022 88,169
653,137

Affirm Hold Limited (Registered number: 05934980)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2022

5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2022 2021
£    £   
Cost 450,000 450,000

Fixed asst investments were valued on an open market basis on 31st December 2021 by Brown Shipley .

6. DEBTORS
2022 2021
£    £   
Amounts falling due within one year:
Trade debtors 120 -
Other debtors 135,745 24,323
135,865 24,323

Amounts falling due after more than one year:
Other debtors 1,195,545 1,354,688

Aggregate amounts 1,331,410 1,379,011

Other debtors include a loan of £1,400,000 that was made to the purchaser of the building at Canterbury. The loan is repayable in installments over 10 years and interest is charged at 5% over Bank of England Base rate.During the pandemic it was agreed that interest only monthly payments of £5,764.22 would be made.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 1,433 -
Other creditors 3,239 20,632
4,672 20,632

Affirm Hold Limited (Registered number: 05934980)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2022

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary 1 1 1

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2022 and 31st January 2021:

2022 2021
£    £   
A Ficken
Balance outstanding at start of year (24,122 ) (57,884 )
Amounts advanced (46,236 ) (37,000 )
Amounts repaid 49,970 70,762
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,388 ) (24,122 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is A Ficken.