| Affinity Financial Holdings Limited |
| Registered number: |
12903226 |
| Balance Sheet |
| as at 30 September 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
60,000 |
|
|
60,000 |
|
| Creditors: amounts falling due within one year |
4 |
|
(8,393) |
|
|
(7,179) |
|
| Net current liabilities |
|
|
|
(8,393) |
|
|
(7,179) |
|
| Net assets |
|
|
|
51,607 |
|
|
52,821 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
11,502 |
|
|
11,502 |
| Share premium |
|
|
|
48,498 |
|
|
48,498 |
| Profit and loss account |
|
|
|
(8,393) |
|
|
(7,179) |
|
| Shareholders' funds |
|
|
|
51,607 |
|
|
52,821 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| R. Salter, Esq. |
| Director |
| Approved by the board on 29 September 2025 |
|
| Affinity Financial Holdings Limited |
| Notes to the Accounts |
| for the year ended 30 September 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. 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. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
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. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 October 2023 |
60,000 |
|
|
At 30 September 2024 |
60,000 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 October 2023 |
60,000 |
|
At 30 September 2024 |
60,000 |
|
|
|
|
|
|
|
|
|
|
|
The directors believe that the investment is stated at fair market value and consider that a provision for impairment is not necessary. |
|
| 4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Amounts owed to related party |
|
5,453 |
|
4,059 |
|
Other creditors |
2,940 |
|
3,120 |
|
|
|
|
|
|
8,393 |
|
7,179 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Group accounts |
|
|
Group accounts have not been prepared as in the opinion of the directors the cost would outweigh any benefit gained. |
|
|
| 6 |
Related party transactions |
2024 |
|
2023 |
| £ |
£ |
|
Affinity Financial Advisors Limited |
|
During the financial year, expenses were made in relation to various expenses on behalf of the company amounting to £1,394, and which have been paid by Affinity Financial Advisors Limited since the Balance Sheet date. |
|
Amount due from (to) the related party |
(5,453) |
|
(4,059) |
|
|
|
|
|
|
|
|
|
|
| 7 |
Controlling party |
|
|
The company is controlled by the directors, S. Groves, Esq and R. Salter, Esq, who own the entire share capital of the company in equal instalments. |
|
|
| 8 |
Other information |
|
|
Affinity Financial Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
|
High House |
|
Harlington Road |
|
Uxbridge |
|
Middlesex |
|
UB8 3HX |