Relate AccountsProduction v2.6.1 v2.6.1 2020-08-27 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is retail sale of clothing in specialised stores. 17 August 2022 0 12842321 2021-08-31 12842321 2020-08-26 12842321 2020-08-27 2021-08-31 12842321 uk-bus:PrivateLimitedCompanyLtd 2020-08-27 2021-08-31 12842321 uk-bus:AbridgedAccounts 2020-08-27 2021-08-31 12842321 uk-core:ShareCapital 2021-08-31 12842321 uk-core:RetainedEarningsAccumulatedLosses 2021-08-31 12842321 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-08-31 12842321 uk-bus:FRS102 2020-08-27 2021-08-31 12842321 uk-core:PlantMachinery 2020-08-27 2021-08-31 12842321 2020-08-27 2021-08-31 12842321 uk-bus:Director1 2020-08-27 2021-08-31 12842321 uk-bus:AuditExempt-NoAccountantsReport 2020-08-27 2021-08-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 12842321
 
 
Avventura World Limited
 
Date of Incorporation
27 August 2020
 
Abridged Unaudited Financial Statements
 
for the financial period ended 31 August 2021
Avventura World Limited
Company Registration Number: 12842321
ABRIDGED BALANCE SHEET
as at 31 August 2021

Aug 21
Notes £
 
Fixed Assets
Tangible assets 5 686
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Current Assets
Stocks 35,883
Debtors 5,718
Cash and cash equivalents 488
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42,089
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Creditors: amounts falling due within one year (62,587)
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Net Current Liabilities (20,498)
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Total Assets less Current Liabilities (19,812)
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Capital and Reserves
Called up share capital 10
Retained earnings (19,822)
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Equity attributable to owners of the company (19,812)
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
       
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
       
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
       
For the financial period ended 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
       
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
       
Approved by the Director and authorised for issue on 17 August 2022
       
       
________________________________      
Mr T D Gilby      
Director      
       



Avventura World Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial period ended 31 August 2021

   
1. General Information
 
Avventura World Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 12842321. The registered office of the company is Handel House, 95 High Street, Edgware    HA8 7DB. The principal activity of the company is retail sale of clothing in specialised stores. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 31 August 2021 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 15% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
   
3. Period of financial statements
 
The financial statements are for the 12 month 5 days period ended 31 August 2021.
Date company was incorporated:
27 August 2020
     
4. Employees
 
The average monthly number of employees, including director, during the financial period was 1.
       
5. Tangible assets
  Plant and Total
  machinery  
     
  £ £
Cost
At 27 August 2020 - -
Additions 858 858
  ───────── ─────────
At 31 August 2021 858 858
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Depreciation
At 27 August 2020 - -
Charge for the financial period 172 172
  ───────── ─────────
At 31 August 2021 172 172
  ───────── ─────────
Net book value
At 31 August 2021 686 686
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