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COMPANY REGISTRATION NUMBER: 12295102
AVANTI CHILDCARE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
27 September 2022
AVANTI CHILDCARE LIMITED
STATEMENT OF FINANCIAL POSITION
27 September 2022
27 Sep 22
30 Sep 21
Note
£
£
£
FIXED ASSETS
Tangible assets
4
151,740
151,740
Investments
5
15,000
15,000
---------
---------
166,740
166,740
CURRENT ASSETS
Cash at bank and in hand
39,170
53,590
CREDITORS: amounts falling due within one year
6
( 85,891)
( 78,599)
--------
--------
NET CURRENT LIABILITIES
( 46,721)
( 25,009)
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
120,019
141,731
CREDITORS: amounts falling due after more than one year
7
( 129,994)
( 145,876)
---------
---------
NET LIABILITIES
( 9,975)
( 4,145)
---------
---------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 10,075)
( 4,245)
--------
-------
SHAREHOLDERS DEFICIT
( 9,975)
( 4,145)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 27 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
AVANTI CHILDCARE LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
27 September 2022
These financial statements were approved by the board of directors and authorised for issue on 22 October 2023 , and are signed on behalf of the board by:
L Gentile
Director
Company registration number: 12295102
AVANTI CHILDCARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 OCTOBER 2021 TO 27 SEPTEMBER 2022
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Wimborne Drive, Blackhill, Keighley, BD21 2TR, United Kingdom.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
The financial statements have been prepared on the going concern basis. The director considers the going concern basis to be appropriate as he has confirmed his ongoing support.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its open market value at each reporting date and any changes in value are recognised in the statement of income and retained earnings.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. TANGIBLE ASSETS
Investment property
£
Cost
At 1 October 2021 and 27 September 2022
151,740
---------
Depreciation
At 1 October 2021 and 27 September 2022
---------
Carrying amount
At 27 September 2022
151,740
---------
At 30 September 2021
151,740
---------
The market value of the investment property held as at 27th September 2022 has been calculated by the director, and has been valued at open market value.
5. INVESTMENTS
Unlisted
£
Cost
At 1 October 2021 and 27 September 2022
15,000
--------
Impairment
At 1 October 2021 and 27 September 2022
--------
Carrying amount
At 27 September 2022
15,000
--------
At 30 September 2021
15,000
--------
6. CREDITORS: amounts falling due within one year
27 Sep 22
30 Sep 21
£
£
Bank loans and overdrafts
14,220
8,134
Amounts owed to group undertakings and undertakings in which the company has a participating interest
8,979
8,979
Amounts due to related companies
1,000
1,000
Other creditors
61,692
60,486
--------
--------
85,891
78,599
--------
--------
7. CREDITORS: amounts falling due after more than one year
27 Sep 22
30 Sep 21
£
£
Bank loans and overdrafts
129,994
145,876
---------
---------