Company Registration No. 00331466 (England and Wales)
Averbrian Investments,Limited
Unaudited accounts
for the year ended 31 March 2023
Averbrian Investments,Limited
Unaudited accounts
Contents
Averbrian Investments,Limited
Statement of financial position
as at 31 March 2023
Investment property
10,034,076
10,034,076
Cash at bank and in hand
1,545,299
1,273,596
Creditors: amounts falling due within one year
(304,169)
(465,089)
Net current assets
1,409,093
931,263
Total assets less current liabilities
11,444,382
10,966,929
Creditors: amounts falling due after more than one year
(32,258)
(18,000)
Provisions for liabilities
Deferred tax
(617,810)
(617,810)
Net assets
10,794,314
10,331,119
Called up share capital
3,780
3,780
Revaluation reserve
3,070,236
3,070,236
Capital redemption reserve
20
20
Profit and loss account
7,720,278
7,257,083
Shareholders' funds
10,794,314
10,331,119
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2023 and were signed on its behalf by
M P Symes
Director
Company Registration No. 00331466
Averbrian Investments,Limited
Notes to the Accounts
for the year ended 31 March 2023
Averbrian Investments,Limited is a private company, limited by shares, registered in England and Wales, registration number 00331466. The registered office is Little Thorpe, Cleeve Road, Goring-on-Thames, Oxfordshire, RG8 9BJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments in unlisted shares are included at historic cost.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Averbrian Investments,Limited
Notes to the Accounts
for the year ended 31 March 2023
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
straight line over 3 years
4
Tangible fixed assets
Computer equipment
Fair value at 1 April 2022
10,034,076
At 31 March 2023
10,034,076
The investment properties were valued as at 31 March 2022 on an open market basis by the directors.
If the investment properties had not been revalued they would have been included at a historical cost of £6,487,492 (2021 : £6,104,107).
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Investments
Other investments
Valuation at 1 April 2022
800
Valuation at 31 March 2023
800
Amounts falling due within one year
Trade debtors
110,163
93,456
Accrued income and prepayments
23,697
5,875
Other debtors
34,103
23,425
Averbrian Investments,Limited
Notes to the Accounts
for the year ended 31 March 2023
8
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
137,832
106,844
Loans from directors
535
312
9
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
32,258
18,000
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).