REGISTERED NUMBER: 05934980 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Affirm Hold Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

A Ficken

REGISTERED OFFICE:

147a High Street

Waltham Cross

Hertfordshire

EN8 7AP

REGISTERED NUMBER:

05934980 (England and Wales)

ACCOUNTANTS:

Thickbroom Coventry Limited

Chartered Accountants

147a High Street

Waltham Cross

EN8 7AP

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Affirm Hold Limited for the year ended 31 January 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Affirm Hold Limited in accordance with the terms of our engagement letter dated 14 December 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Affirm Hold Limited and state those matters that we have agreed to state to the director of Affirm Hold Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Affirm Hold Limited and its director for our work or for this report.

It is your duty to ensure that Affirm Hold Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Affirm Hold Limited. You consider that Affirm Hold Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Affirm Hold Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Thickbroom Coventry Limited

Chartered Accountants

147a High Street

Waltham Cross

EN8 7AP

Date: .............................................

FIXED ASSETS

Tangible assets

4

31,452

37,697

Investments

5

1,205,117

675,275

1,236,569

712,972

CURRENT ASSETS

Debtors

6

-

1,043,718

Cash at bank

668,244

199,587

668,244

1,243,305

CREDITORS

Amounts falling due within one year

7

(33,343

)

(18,060

)

NET CURRENT ASSETS

634,901

1,225,245

TOTAL ASSETS LESS CURRENT LIABILITIES

1,871,470

1,938,217

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

1,871,469

1,938,216

SHAREHOLDERS' FUNDS

1,871,470

1,938,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 15 October 2025 and were signed by:

A Ficken - Director

1.	STATUTORY INFORMATION

Affirm Hold 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

15% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

28,956

54,490

83,446

DEPRECIATION

At 1 February 2024

23,049

22,700

45,749

Charge for year

1,476

4,769

6,245

At 31 January 2025

24,525

27,469

51,994

NET BOOK VALUE

At 31 January 2025

4,431

27,021

31,452

At 31 January 2024

5,907

31,790

37,697

5.	FIXED ASSET INVESTMENTS

Other

investment

£

COST OR VALUATION

At 1 February 2024

675,275

Additions

913,000

Disposals

(460,246

)

Revaluations

77,088

At 31 January 2025

1,205,117

NET BOOK VALUE

At 31 January 2025

1,205,117

At 31 January 2024

675,275

Cost or valuation at 31 January 2025 is represented by:

Other

investment

£

Valuation in 2021

564,968

Valuation in 2022

88,169

Valuation in 2023

(56,558

)

Valuation in 2024

78,696

Valuation in 2025

529,842

1,205,117

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

977,754

525,000

Fixed asst investments were valued on an open market basis on 31 January 2025 by Invest Engine and IG Investments .

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Other debtors

-

184,308

Amounts falling due after more than one year:

Other debtors

-

859,410

Aggregate amounts

-

1,043,718

Other debtors included a £1,000,000 loan last year that was due to be repaid in 2029. This loan has been repaid early in 2025.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

28,291

8,641

Other creditors

5,052

9,419

33,343

18,060

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

1

1

1

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

A Ficken

Balance outstanding at start of year

(40,505

)

(63,693

)

Amounts advanced

(48,061

)

(75,224

)

Amounts repaid

90,078

98,412

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,512

(40,505

)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is A Ficken.