REGISTERED NUMBER: 12746149 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2025

FOR

AFI CO. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Abley

Mrs C A Abley

REGISTERED OFFICE:

Prosperity House

1 Barnfield Road

Spennymoor

DL16 6EB

REGISTERED NUMBER:

12746149 (England and Wales)

ACCOUNTANTS:

CPT

Chartered Certified Accountants

Evolve Business Centre

Cygnet Way

Houghton Le Spring

Tyne and Wear

DH4 5QY

FIXED ASSETS

Investments

4

589,895

859,999

Investment property

5

500,000

325,000

1,089,895

1,184,999

CURRENT ASSETS

Cash at bank

22,139

36,205

CREDITORS

Amounts falling due within one year

6

1,134,000

1,070,018

NET CURRENT LIABILITIES

(1,111,861

)

(1,033,813

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,966

)

151,186

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(22,066

)

151,086

SHAREHOLDERS' FUNDS

(21,966

)

151,186

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th July 2026 and were signed on its behalf by:

M A Abley - Director

1.	STATUTORY INFORMATION

AFI Co. 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.	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.

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.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in equity shares.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investments

Investments are measured at fair value with changes being recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1st August 2024

859,999

Disposals

(270,472

)

Revaluations

368

At 31st July 2025

589,895

NET BOOK VALUE

At 31st July 2025

589,895

At 31st July 2024

859,999

Fixed asset investments, being quoted equity holdings, are revalued at market value to show fair value at the balance sheet date with the movement going to the profit and loss account.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st August 2024

325,000

Additions

352,940

Revaluations

(177,940

)

At 31st July 2025

500,000

NET BOOK VALUE

At 31st July 2025

500,000

At 31st July 2024

325,000

Investment property is valued at open market value to show fair value at the balance sheet date with the movement going to the profit and loss account. The directors prepared the valuation as at 31 July 2025.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Fathom Financial Limited loan

1,129,402

1,067,670

Directors' current accounts

163

163

Accrued expenses

4,435

2,185

1,134,000

1,070,018

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

85

Ordinary

£1

85

5

Ordinary B

£1

5

5

Ordinary C

£1

5

5

Ordinary D

£1

5

100

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st July 2025 and 31st July 2024:

2025

2024

£

£

M A Abley and Mrs C A Abley

Balance outstanding at start of year

(163

)

38,107

Amounts repaid

-

(38,270

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(163

)

(163

)

There are no set repayments terms on the directors loan and interest is not charged.

9.	RELATED PARTY DISCLOSURES

Director, Mr M A Abley, is also a director and shareholder of Fathom Financial Limited. Fathom Financial Limited loaned the company £1,129,402 (2024 - £1,067,670) which is included in other creditors.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is M A Abley.