REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st January 2022 |
for |
Affirm Hold Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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. |
Chartered Accountants |
147a High Street |
Waltham Cross |
Hertfordshire |
EN8 7AP |
Affirm Hold Limited (Registered number: 05934980) |
Statement of Financial Position |
31st January 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
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 |
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 |
DEPRECIATION |
At 1st February 2021 |
Charge for year |
At 31st January 2022 |
NET BOOK VALUE |
At 31st January 2022 |
At 31st January 2021 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 1st February 2021 |
Revaluations |
At 31st January 2022 |
NET BOOK VALUE |
At 31st January 2022 |
At 31st January 2021 |
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 |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
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 |
Other creditors |
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: | £ | £ |
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 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced | ( |
) | ( |
) |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
10. | ULTIMATE CONTROLLING PARTY |
The controlling party is A Ficken. |