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REGISTERED NUMBER: 11284598 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CHAFFINCH ASSET MANAGEMENT LIMITED

CHAFFINCH ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 11284598)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CHAFFINCH ASSET MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr A Dakin





REGISTERED OFFICE: Hancocks Farm House
Tilsden Lane
Cranbrook
Kent
TN17 3PH





REGISTERED NUMBER: 11284598 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

CHAFFINCH ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 11284598)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,000 1,000

CURRENT ASSETS
Debtors 5 1,231,339 653,080

CREDITORS
Amounts falling due within one year 6 1,117,495 577,129
NET CURRENT ASSETS 113,844 75,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,844

76,951

CAPITAL AND RESERVES
Called up share capital 7 26 26
Retained earnings 114,818 76,925
SHAREHOLDERS' FUNDS 114,844 76,951

CHAFFINCH ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 11284598)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2025 and were signed by:





Mr A Dakin - Director


CHAFFINCH ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 11284598)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Chaffinch Asset Management 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.

The Director confirms that he will continue to support the company and therefore the accounts have been prepared on a Going Concern basis.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

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 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
Cost
At 1 April 2023
and 31 March 2024 1,000
Net book value
At 31 March 2024 1,000
At 31 March 2023 1,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,231,339 653,080

CHAFFINCH ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 11284598)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 8,888 18,185
Other creditors 1,108,607 558,944
1,117,495 577,129

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
26 Ordinary £1 26 26