Registered number
08471361
AFYN PARTNERS LIMITED
Filleted Accounts
30 April 2024
AFYN PARTNERS LIMITED
Registered number: 08471361
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Current assets
Investments held as current assets 2 8,000 8,000
Creditors: amounts falling due within one year 3 (901) (901)
Net current assets 7,099 7,099
Total assets less current liabilities 7,099 7,099
Creditors: amounts falling due after more than one year 4 (8,000) (8,000)
Net liabilities (901) (901)
Capital and reserves
Called up share capital 3 3
Profit and loss account (904) (904)
Shareholders' funds (901) (901)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 480 of the Companies Act 2006 relating to dormant companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
F Ntwari
Director
Approved by the board on 9 January 2025
AFYN PARTNERS LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 8,000 8,000
3 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 26 26
Other creditors 875 875
901 901
4 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 8,000 8,000
5 Other information
AFYN PARTNERS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
6 Cygnet Way
Shipley
Bradford
BD17 7FB
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