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REGISTERED NUMBER: 04568824 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Avid Hall Developments Limited

Avid Hall Developments Limited (Registered number: 04568824)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Avid Hall Developments Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: P D Simons





SECRETARY: J Simons





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
CV3 1JN





REGISTERED NUMBER: 04568824 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Avid Hall Developments Limited (Registered number: 04568824)

Statement of Financial Position
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 406,306 406,306

CURRENT ASSETS
Debtors 5 944 371
Cash at bank 13,358 6,429
14,302 6,800
CREDITORS
Amounts falling due within one year 6 68,219 73,939
NET CURRENT LIABILITIES (53,917 ) (67,139 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

352,389

339,167

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 352,388 339,166
SHAREHOLDERS' FUNDS 352,389 339,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 October 2023 and were signed by:





P D Simons - Director


Avid Hall Developments Limited (Registered number: 04568824)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Avid Hall Developments 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

Avid Hall Developments Limited (Registered number: 04568824)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022
and 31 December 2022 406,306
NET BOOK VALUE
At 31 December 2022 406,306
At 31 December 2021 406,306

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 790 -
Other debtors 154 371
944 371

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Taxation and social security 3,571 3,528
Other creditors 64,648 70,411
68,219 73,939

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is £62,588 (2021: £69,044) owed to the Director P Simons. This amount is charged interest and has no set terms for repayment.

8. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous period by Mr P D Simons by virtue of him holding all of the issued ordinary share capital of the company.