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 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Investments	3		96,797		96,797
			96,797		96,797
Current assets
Debtors		129,300		129,300
Cash at bank and on hand		28,804		21,903
		158,104		151,203
Creditors amounts falling due within one year	4	(3,601)		(2,116)
Net current assets (liabilities)			154,503		149,087
Total assets less current liabilities			251,300		245,884
Net assets			251,300		245,884
Capital and reserves
Called up share capital			300		300
Share premium			96,797		96,797
Profit and loss account			154,203		148,787
Shareholders' funds			251,300		245,884

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 8 October 2026, 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 2026

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).

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

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

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	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


		2026		2025
	Average number of employees during the year	0		0

3.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 May 25	96,797	96,797
At 30 April 26	96,797	96,797
Net book value
At 30 April 26	96,797	96,797
At 30 April 25	96,797	96,797

	Notes
	¹Investments in group undertakings and participating interests

4.	Creditors: amounts due within one year

	2026	2025
	£	£
Taxation and social security	603	184
Other creditors	2,298	1,232
Accrued liabilities and deferred income	700	700
Total	3,601	2,116

5.	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.