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REGISTERED NUMBER: 05574939 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

AFFINITY PROPERTY INVESTMENTS LIMITED

AFFINITY PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05574939)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


AFFINITY PROPERTY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr Martin Smith





SECRETARY: Mrs Charlotte Smith





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potter Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 05574939 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

AFFINITY PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05574939)

ABRIDGED BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 622,274 622,274

CURRENT ASSETS
Cash at bank 2 1,020

CREDITORS
Amounts falling due within one year 185,942 196,594
NET CURRENT LIABILITIES (185,940 ) (195,574 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,334

426,700

CREDITORS
Amounts falling due after more than one year 6 96,690 112,353
NET ASSETS 339,644 314,347

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 339,642 314,345
SHAREHOLDERS' FUNDS 339,644 314,347

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

AFFINITY PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05574939)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 May 2025 and were signed by:





Mr Martin Smith - Director


AFFINITY PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05574939)

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


1. STATUTORY INFORMATION

Affinity Property Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rental income receivable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 622,274
NET BOOK VALUE
At 31 July 2024 622,274
At 31 July 2023 622,274

AFFINITY PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05574939)

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


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 years
by instalments 30,628 20,466
30,628 20,466

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 18,761 27,474

Amounts falling due between two and five years:
Bank loans - 2-5 years 66,062 91,887

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 years
by instalments 30,628 20,466
30,628 20,466

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 115,451 139,827

The bank loan is secured by a legal charge over the company's freehold property and a personal guarantee and indemnity of the director, Mr Martin Smith.

AFFINITY PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05574939)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. RELATED PARTY DISCLOSURES

Affinity Bar Limited
At the balance sheet date, Affinity Bar Limited, a company in which Mr Martin Smith is also a director and 50% shareholder, is owed £142,269 (2023 -£152,867) by the company and is included under creditors. This is an unsecured interest-free loan which is repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Martin Smith.

He owns 100% of the issued share capital.