Silverfin false false 31/01/2025 01/02/2024 31/01/2025 Dr A Faro Leite 12/01/2021 14 May 2025 The principal activity of the Company during the financial year was that of property investment. 13128053 2025-01-31 13128053 bus:Director1 2025-01-31 13128053 2024-01-31 13128053 core:CurrentFinancialInstruments 2025-01-31 13128053 core:CurrentFinancialInstruments 2024-01-31 13128053 core:Non-currentFinancialInstruments 2025-01-31 13128053 core:Non-currentFinancialInstruments 2024-01-31 13128053 core:ShareCapital 2025-01-31 13128053 core:ShareCapital 2024-01-31 13128053 core:FurtherSpecificReserve1ComponentTotalEquity 2025-01-31 13128053 core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 13128053 core:RetainedEarningsAccumulatedLosses 2025-01-31 13128053 core:RetainedEarningsAccumulatedLosses 2024-01-31 13128053 bus:OrdinaryShareClass1 2025-01-31 13128053 2024-02-01 2025-01-31 13128053 bus:FilletedAccounts 2024-02-01 2025-01-31 13128053 bus:SmallEntities 2024-02-01 2025-01-31 13128053 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 13128053 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13128053 bus:Director1 2024-02-01 2025-01-31 13128053 2023-02-01 2024-01-31 13128053 core:Non-currentFinancialInstruments 2024-02-01 2025-01-31 13128053 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 13128053 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13128053 (England and Wales)

AFL INVESTMENT AND ASSETS LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

AFL INVESTMENT AND ASSETS LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

AFL INVESTMENT AND ASSETS LIMITED

BALANCE SHEET

As at 31 January 2025
AFL INVESTMENT AND ASSETS LIMITED

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Investment property 3 223,000 223,000
223,000 223,000
Current assets
Cash at bank and in hand 1,165 703
1,165 703
Creditors: amounts falling due within one year 4 ( 1,020) 0
Net current assets 145 703
Total assets less current liabilities 223,145 223,703
Creditors: amounts falling due after more than one year 5 ( 131,828) ( 125,328)
Provision for liabilities ( 28,709) ( 24,593)
Net assets 62,608 73,782
Capital and reserves
Called-up share capital 6 2 2
Fair value reserve 86,128 86,128
Profit and loss account ( 23,522 ) ( 12,348 )
Total shareholder's funds 62,608 73,782

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of AFL Investment and Assets Limited (registered number: 13128053) were approved and authorised for issue by the Director on 14 May 2025. They were signed on its behalf by:

Dr A Faro Leite
Director
AFL INVESTMENT AND ASSETS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
AFL INVESTMENT AND ASSETS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

AFL Investment and Assets Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office and principal place of business is 246 Inspired Dental Care, 246 High Street, Exeter, EX4 3NZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Investment property

Investment property
£
Valuation
As at 01 February 2024 223,000
As at 31 January 2025 223,000

Valuation

During the year the director assessed the market value of the investment property and is satisfied that the value in the accounts is representative of the market value.

4. Creditors: amounts falling due within one year

2025 2024
£ £
Other creditors 1,020 0

5. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans (secured) 78,028 78,028
Amounts owed to associates 53,800 47,300
131,828 125,328

The loan is secured by way of a fixed charge against the assets of the company.

6. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2