Affinity Associates (Richmond) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07094547

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,715		908

			5,715		908
CURRENT ASSETS
Debtors	5	202,427		332,284
Cash at bank and in hand		298,160		77,567

		500,587		409,851
Creditors: Amounts Falling Due Within One Year	6	(693,340 )		(370,750 )

NET CURRENT ASSETS (LIABILITIES)			(192,753 )		39,101

TOTAL ASSETS LESS CURRENT LIABILITIES			(187,038 )		40,009

Creditors: Amounts Falling Due After More Than One Year	7		-		(39,234 )

NET (LIABILITIES)/ASSETS			(187,038 )		775

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(187,138 )		675

SHAREHOLDERS' FUNDS			(187,038)		775

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Affinity Associates (Richmond) Ltd

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Dharmeshkumar Amin

Director

30 July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Affinity Associates (Richmond) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07094547 . The registered office is 11/12 Hallmark Trading Centre, Fourth Way, Wembley, Middlesex, HA9 0LB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.3. Significant judgements and estimations

In the application of the company’s accounting policies, the director is required to make judgements, estimates and

assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The

estimates and associated assumptions are based on historical experience and other factors that are considered to be

relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are

recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of

the revision and future periods where the revision affects both current and future periods.

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% on cost
Computer Equipment	25% on cost

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other

Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the

contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a

legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to

realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price

including transaction costs and are subsequently carried at amortised cost using the effective interest method unless

the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not

amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements

entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after

deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that

...CONTINUED

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Affinity Associates (Richmond) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.6. Financial Instruments - continued

are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing

transaction, where the debt instrument is measured at the present value of the future payments discounted at a

market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business

from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,

they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and

subsequently measured at amortised cost using the effective interest method.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 6)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 August 2024	23,114	32,375	55,489
Additions	3,450	4,415	7,865

As at 31 July 2025	26,564	36,790	63,354

Depreciation
As at 1 August 2024	22,272	32,309	54,581
Provided during the period	712	2,346	3,058

As at 31 July 2025	22,984	34,655	57,639

Net Book Value
As at 31 July 2025	3,580	2,135	5,715

As at 1 August 2024	842	66	908

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Affinity Associates (Richmond) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	94,081	70,539
Other debtors	1,063	1,563
Corporation tax recoverable assets (S455)	15,004	15,004
Director's loan account	44,968	38,082
Intercompany - Artisan Exceptional	47,311	207,096

	202,427	332,284

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	192,182	192,183
Bank loans and overdrafts	296,265	30,448
CBILS # 2	15,888	31,029
Corporation tax	34,943	44,349
PAYE control account	76,123	25,527
VAT	76,467	37,479
Pension control account	1,462	1,225
Accruals	-	8,500
Intercompany - The Artisan Difference	10	10

	693,340	370,750

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
CBILS #1	-	21,932
CBILS #2	-	17,302

	-	39,234

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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