BLUEFIELDS ASSET MANAGEMENT LTD


Director	BENNIE, Simon Sylvester


Registered Address	26b Marston Gardens
	Luton
	LU2 7DU


Registered Number	15217645 (England and Wales)

Balance Sheet as at
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investments	4		96,797		-
			96,797		-
Current assets
Debtors		129,300		129,300
Cash at bank and on hand		21,903		1,000
		151,203		130,300
Creditors amounts falling due within one year	5	(2,116)		(866)
Net current assets (liabilities)			149,087		129,434
Total assets less current liabilities			245,884		129,434
Net assets			245,884		129,434
Capital and reserves
Called up share capital			300		300
Share premium			96,797		-
Profit and loss account			148,787		129,134
Shareholders' funds			245,884		129,434

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 17 October 2025, and are signed on its behalf by:

BENNIE, Simon Sylvester
Director
Registered Company No. 15217645

BLUEFIELDS ASSET MANAGEMENT LTD

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	Dividend income
	Dividend income is recognised when the right to receive payment is established.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investments
	Investments in subsidiary undertakings are stated at cost less provision for impairment. Income is recognised only to the extent that it is received or receivable.

	Related parties
	(a) Transactions with subsidiary undertaking The company has taken advantage of the exemption in paragraph 33.11 of FRS 102 not to disclose transactions with its wholly-owned subsidiary, Chiltern Financial Services Ltd, where such transactions are included in the consolidated financial statements or would be if group accounts were prepared. In the prior year the company advanced a loan of £129,000 to Chiltern Financial Services Ltd. No further advances or repayments occurred during the year ended 30 April 2025. At the balance-sheet date the amount due from the subsidiary was £129,000 (2024: £129,000). The loan is unsecured, repayable on demand, and bears interest at the HMRC official rate of interest applicable during the year (2.25% per annum for 2024/25). (b) Transactions with directors and controlling party During the year the company was owed £1,232 to Mr Simon Bennie, a director and the ultimate controlling party of both Bluefields Asset Management Ltd and Chiltern Financial Services Ltd. The amount is interest-free, unsecured and repayable on demand. No other transactions with directors occurred during the year. (c) Controlling party The company’s immediate and ultimate controlling party is Mr Simon Bennie, who owns 100 per cent of the issued share capital of the company and exercises control over both entities.

Related parties

(a) Transactions with subsidiary undertaking
The company has taken advantage of the exemption in paragraph 33.11 of FRS 102 not to disclose transactions with its wholly-owned subsidiary, Chiltern Financial Services Ltd, where such transactions are included in the consolidated financial statements or would be if group accounts were prepared.

In the prior year the company advanced a loan of £129,000 to Chiltern Financial Services Ltd. No further advances or repayments occurred during the year ended 30 April 2025.

At the balance-sheet date the amount due from the subsidiary was £129,000 (2024: £129,000). The loan is unsecured, repayable on demand, and bears interest at the HMRC official rate of interest applicable during the year (2.25% per annum for 2024/25).

(b) Transactions with directors and controlling party
During the year the company was owed £1,232 to Mr Simon Bennie, a director and the ultimate controlling party of both Bluefields Asset Management Ltd and Chiltern Financial Services Ltd.

The amount is interest-free, unsecured and repayable on demand. No other transactions with directors occurred during the year.

(c) Controlling party
The company’s immediate and ultimate controlling party is Mr Simon Bennie, who owns 100 per cent of the issued share capital of the company and exercises control over both entities.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

4.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
Additions	96,797	96,797
At 30 April 25	96,797	96,797
Net book value
At 30 April 25	96,797	96,797
At 30 April 24	-	-

	Notes
	¹Investments in group undertakings and participating interests

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	184	-
Other creditors	1,232	216
Accrued liabilities and deferred income	700	650
Total	2,116	866

6.	Related party transactions
	(a) Transactions with subsidiary undertaking The company has taken advantage of the exemption in paragraph 33.11 of FRS 102 not to disclose transactions with its wholly-owned subsidiary, Chiltern Financial Services Ltd, where such transactions are included in the consolidated financial statements or would be if group accounts were prepared. In the prior year the company advanced a loan of £129,000 to Chiltern Financial Services Ltd. No further advances or repayments occurred during the year ended 30 April 2025. At the balance-sheet date the amount due from the subsidiary was £129,000 (2024: £129,000). The loan is unsecured, repayable on demand, and bears interest at the HMRC official rate of interest applicable during the year (2.25% per annum for 2024/25). (b) Transactions with directors and controlling party During the year the company was owed £1,232 to Mr Simon Bennie, a director and the ultimate controlling party of both Bluefields Asset Management Ltd and Chiltern Financial Services Ltd. The amount is interest-free, unsecured and repayable on demand. No other transactions with directors occurred during the year. (c) Controlling party The company’s immediate and ultimate controlling party is Mr Simon Bennie, who owns 100 per cent of the issued share capital of the company and exercises control over both entities.

Related party transactions

(a) Transactions with subsidiary undertaking
The company has taken advantage of the exemption in paragraph 33.11 of FRS 102 not to disclose transactions with its wholly-owned subsidiary, Chiltern Financial Services Ltd, where such transactions are included in the consolidated financial statements or would be if group accounts were prepared.

In the prior year the company advanced a loan of £129,000 to Chiltern Financial Services Ltd. No further advances or repayments occurred during the year ended 30 April 2025.

At the balance-sheet date the amount due from the subsidiary was £129,000 (2024: £129,000). The loan is unsecured, repayable on demand, and bears interest at the HMRC official rate of interest applicable during the year (2.25% per annum for 2024/25).

(b) Transactions with directors and controlling party
During the year the company was owed £1,232 to Mr Simon Bennie, a director and the ultimate controlling party of both Bluefields Asset Management Ltd and Chiltern Financial Services Ltd.

The amount is interest-free, unsecured and repayable on demand. No other transactions with directors occurred during the year.

(c) Controlling party
The company’s immediate and ultimate controlling party is Mr Simon Bennie, who owns 100 per cent of the issued share capital of the company and exercises control over both entities.