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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
Page
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Averbrian Investments,Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
413 
790 
Investment property
10,034,076 
10,034,076 
Investments
800 
800 
10,035,289 
10,035,666 
Current assets
Debtors
167,963 
122,756 
Cash at bank and in hand
1,545,299 
1,273,596 
1,713,262 
1,396,352 
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 
Capital and reserves
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
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Averbrian Investments,Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Taxation
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
Investments in unlisted shares are included at historic cost.
Pension costs
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
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.
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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 
£ 
Cost or valuation
At cost 
At 1 April 2022
1,132 
At 31 March 2023
1,132 
Depreciation
At 1 April 2022
342 
Charge for the year
377 
At 31 March 2023
719 
Net book value
At 31 March 2023
413 
At 31 March 2022
790 
5
Investment property
2023 
£ 
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).
6
Investments
Other investments 
£ 
Valuation at 1 April 2022
800 
Valuation at 31 March 2023
800 
7
Debtors
2023 
2022 
£ 
£ 
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 
167,963 
122,756 
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Averbrian Investments,Limited Notes to the Accounts for the year ended 31 March 2023
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
8,691 
Taxes and social security
137,832 
106,844 
Other creditors
35,482 
4 
Loans from directors
535 
312 
Accruals
130,320 
349,238 
304,169 
465,089 
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).
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