Company Registration No. 13157590 (England and Wales)
AVENSIS HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2022
PAGES FOR FILING WITH REGISTRAR
AVENSIS HOLDINGS LIMITED
COMPANY INFORMATION
Directors
Mr S J Whitton
(Appointed 26 January 2021)
Mrs A S Whitton
(Appointed 26 January 2021)
Company number
13157590
Registered office
Peatling House
Main Street
Peatling Parva
Lutterworth
Leicestershire
LE17 5PU
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Barclays Bank Plc
Leicester
Leicestershire
LE87 2BB
AVENSIS HOLDINGS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
AVENSIS HOLDINGS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AVENSIS HOLDINGS LIMITED FOR THE PERIOD ENDED 31 JANUARY 2022
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Avensis Holdings Limited for the period ended 31 January 2022 which comprise, the balance sheet 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 at http://www.icaew.com/en/members/regulations-standards-and-guidance.

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

It is your duty to ensure that Avensis Holdings 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 Avensis Holdings Limited. You consider that Avensis Holdings Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Avensis Holdings 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.

Ormerod Rutter Limited
9 August 2022
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
AVENSIS HOLDINGS LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2022
31 January 2022
- 2 -
2022
Notes
£
£
Fixed assets
Investments
3
468,500
Current assets
Debtors
4
63,655
Cash at bank and in hand
2,000
65,655
Creditors: amounts falling due within one year
5
(65,491)
Net current assets
164
Total assets less current liabilities
468,664
Capital and reserves
Called up share capital
6
4
Share premium account
468,498
Profit and loss reserves
162
Total equity
468,664

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 9 August 2022 and are signed on its behalf by:
Mr S J Whitton
Mrs A S Whitton
Director
Director
Company Registration No. 13157590
AVENSIS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2022
- 3 -
1
Accounting policies
Company information

Avensis Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Peatling House, Main Street, Peatling Parva, Lutterworth, Leicestershire, LE17 5PU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

1.3
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

AVENSIS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2022
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was 2.

3
Fixed asset investments
2022
£
Investments
468,500
Movements in fixed asset investments
Shares in group undertakings and participating interests
£
Cost or valuation
At 26 January 2021
-
Additions
468,500
At 31 January 2022
468,500
Carrying amount
At 31 January 2022
468,500
4
Debtors
2022
Amounts falling due within one year:
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
63,500
Deferred tax asset
155
63,655
5
Creditors: amounts falling due within one year
2022
£
Other creditors
65,491
AVENSIS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2022
- 5 -
6
Called up share capital
2022
£
Ordinary share capital
Issued and fully paid
2 Ordinary A of £1 each
2
2 Ordinary B of £1 each
2
4

On incorporation, the following shares were allotted and fully paid for cash at par:

 

1 Ordinary A share of £1

1 Ordinary B share of £1

 

The company then issued a further 1 Ordinary A £1 share and 1 Ordinary B £1 share via a share for share exchange with its associated undertaking.

7
Ultimate controlling party

The ultimate controlling party is Mr S J Whitton and Mrs A S Whitton.

8
Comparatives

This is the company's first period of trade, therefore there are no comparatives.

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