Registered number
03580990
ANTHEM CORPORATE FINANCE LIMITED
Unaudited Filleted Accounts
30 June 2024
ANTHEM CORPORATE FINANCE LIMITED
Registered number: 03580990
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 12 1,474 1,535
Current assets
Debtors 13 40,602 54,375
Cash at bank and in hand 155,610 104,426
196,212 158,801
Creditors: amounts falling due within one year 14 (152,841) (84,318)
Net current assets 43,371 74,483
Net assets 44,845 76,018
Capital and reserves
Called up share capital 4,000 4,000
Share premium 47,000 47,000
Profit and loss account (6,155) 25,018
Shareholders' funds 44,845 76,018
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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.
Patrick Jacob
Director
Approved by the board on 25 November 2024
ANTHEM CORPORATE FINANCE LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 General Information
Anthem Corporate Finance Limited is a private company, limited by shares, domiciled and
incorporated in England and Wales (registered number: 03580990). The registered office address is 44 Russell Square, London, England, WC1B 4JP.

The Company is authorised and regulated by the Financial Conduct Authority.
2 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention unless
otherwise specified within these accounting policies and in accordance with Financial Reporting
Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland
and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain
critical accounting estimates. It also requires management to exercise judgement in applying the
Company's accounting policies (see note 3).

The following principal accounting policies have been applied:
Going Concern
The management have prepared forecasts that show the company should have sufficient financial resources to continue as a going concern for a period being at least 12 months from the date of approval of the financial statements.

Having performed this analysis, management believes the company has sufficient resources to meet its liabilities for the next 12 months and that the preparation of the financial statements on a going concern basis remains appropriate as the company expects to be able to meet its obligations as and when they fall due for the foreseeable future.
Foreign currency translation
Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot
exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the
exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the
translation at period-end exchange rates of monetary assets and liabilities denominated in
foreign currencies are recognised in profit or loss except when deferred in other comprehensive
income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are
presented in profit or loss within 'administrative expenses'. All other foreign exchange gains and
losses are presented in profit or loss within 'administrative expenses'.
Turnover
Turnover represents the value of income earned in the year from the Company's principal activity
as a corporate finance advisor, when the right to this consideration has been met, excluding
value added tax.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the
Company and the turnover can be reliably measured. Turnover is measured as the fair value of
the consideration received or receivable, excluding discounts, rebates, value added tax and
other sales taxes.
Operating Leases: the company as a lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Interest Income
Interest income is recognised in profit or loss using the effective interest method.
Finance Costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest
method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated
depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be
capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis: Office equipment - over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted
prospectively if appropriate, or if there is an indication of a significant change since the last
reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying
amount and are recognised in profit or loss.
Impairment of Fixed Asset Investments
Fixed asset investments are assessed at each balance sheet date to determine whether there is
any indication that the assets are impaired. Where there is any indication that an asset may be
impaired, the carrying value of the asset (or cash-generating unit to which the asset has been
allocated) is tested for impairment.

An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.
Valuation of Investments
Investments in unlisted company shares, whose market value can be reliably determined, are
remeasured to market value at each balance sheet date. Gains and losses on remeasurement
are recognised in profit or loss for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Pensions
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
Financial Instrument
Financial assets and financial liabilities are recognised in the Balance Sheet when the Company
becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.

Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

Interest bearing bank loans, overdrafts and other loans which meet the criteria to be classified as basic financial instruments are initially recorded at the present value of cash payable to the bank, which is ordinarily equal to the proceeds received net of direct issue costs. These liabilities are subsequently measured at amortised cost, using the effective interest rate method.
Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and
expense recognised as other comprehensive income or to an item recognised directly in equity
is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been
enacted or substantively enacted by the balance sheet date in the countries where the Company
operates and generates income.
Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are
recognised when paid. Final equity dividends are recognised when approved by the
shareholders at an annual general meeting.
3 Judgements in applying accounting policies and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

(i) Impairment of investments

Investments are assessed for indicators of impairment at each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.
4 Turnover
2024 2023
£ £
Advisory services 615,000 383,750
All turnover arose within the United Kingdom.
6 Employees 2024 2023
£ £
Wages and salaries 68,577 66,969
Social security costs 16,289 2,687
Cost of defined contribution scheme 1,860 1,860
86,726 71,516
The average monthly number of employees, including the directors, during the year was as follows:
2024 2023
No. No.
Advisors 3 3
7 Directors' Remuneration 2024 2023
£ £
Directors' Emoluments 47,638 43,012
8 Interest Receivable 2024 2023
£ £
Other Interest Receivable 8,292 -
9 Interest Payable and Similar Expenses 2024 2023
£ £
Other Interest Payable - (21)
10 Taxation 2024 2023
£ £
Corporation tax
Current tax on profits for the year 99,871 37,259
Adjustments in respect of previous periods
Total current tax 99,871 37,259
11 Dividends 2024 2023
£ £
Dividends paid on Equity Capital 330,000 556,000
12 Tangible fixed assets
Office Equipment
£
Cost
At 1 July 2023 7,863
Additions 1,040
At 30 June 2024 8,903
Depreciation
At 1 July 2023 6,328
Charge for the year 1,101
At 30 June 2024 7,429
Net book value
At 30 June 2024 1,474
At 30 June 2023 1,535
13 Debtors 2024 2023
£ £
Trade debtors 18,000 27,000
Other debtors 22,602 27,375
40,602 54,375
14 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 9,978 8,272
Taxation and social security costs 118,714 57,962
Other creditors 24,149 18,084
152,841 84,318
15 Financial Instruments 2024 2023
£ £
Financial assets
Financial assets measured at amortised cost 158,802 649,684
Financial liabilities
Financial liabilities measured at amortised cost 26,336 35,994
Financial assets that are equity instruments measured at cost less impairment comprise investments
in unlisted shares.
Financial assets measured at amortised cost comprise cash at bank and in hand, trade debtors, other
debtors and accrued income.
Financial liabilities measured at amortised cost comprise trade creditors, other creditors and
accruals.
The Company's operations expose it to a variety of financial risks. The directors have identified price
risk, credit risk, cash flow risk, foreign currency risk and liquidity risk as the key risks to which the
Company is exposed.
Price risk
The Company is exposed to price risk due to normal inflationary increases in the purchase price of
the goods and services purchased in the United Kingdom. The Company also has exposure to equity
securities price risk as it holds listed or other equity investments.
Cash flow risk
In the short-term cash flow risk is mitigated by the directors' policy of maintaining a relatively high
level of cash and current assets. In the medium to long term the Company's objectives are to
develop its current business base and further diversify (by geography and industry) its core advisory
business.
Credit risk
Credit risk arises primarily from the Company's cash at bank and the risk that debt counterparties do
not discharge their obligations. Cash is only deposited with banks with a high credit rating and the
directors consider that the Company faces relatively low credit risks.
Liquidity risk
Liquidity risk arises from the management of cash funds and working capital. The risk is that the
Company will fail to meet its financial obligations as they fall due. The Company operates within the
constraints of available funds. Cash flow projections are produced and regularly reviewed by
management.
Foreign currency risk
Foreign currency risk arises from income earned and expenses incurred in currencies other than
pounds sterling. The Company's main exposure to currency risk is fluctuations in the US Dollar
exchange rate.
16 Share Capital 2024 2023
£ £
Allotted, called up and fully paid
40,000 Ordinary shares of £0.10 each 4,000 4,000
17 Reserves
Share premium account
The share premium account is used to record the aggregate amount or value of premiums paid when the Company's shares are issued at an amount in excess of nominal value.

Profit & loss account
This reserve relates to the cumulative retained earnings less amounts distributed to shareholders.
18 Pension commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,860 (2022 - £1,860). Contributions totalling £360 (2023 - £360) were payable to the fund at the reporting date.
19 Contingent liabilities
The Company has no contingent liabilities as at 30 June 2024 (2023 - £Nil).
20 Controlling party
The directors do not consider there to be an ultimate controlling party.
21 Other information
ANTHEM CORPORATE FINANCE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
44 Russell Square
London
WC1B 4JP
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