PREMIUM AVENUE LIMITED

Company Registration Number:
06801141 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

PREMIUM AVENUE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

PREMIUM AVENUE LIMITED

Company Information

for the Period Ended 31 March 2023




Director: Riaz Ahmed
Shirin Ahmed
Registered office: 80
Syon Lane
Isleworth
Middlesex
TW7 5NQ
Company Registration Number: 06801141 (England and Wales)

PREMIUM AVENUE LIMITED

Directors' Report Period Ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal Activities

The principal activity of the company in period was rental of owned and leased properties

Directors

The directors shown below have held office during the whole of the period from 01 April 2022 to 31 March 2023
Riaz Ahmed
Shirin Ahmed

This report was approved by the board of directors on 2 October 2023
And Signed On Behalf Of The Board By:

Name: Riaz Ahmed
Status: Director

PREMIUM AVENUE LIMITED

Profit and Loss Account

for the Period Ended 31 March 2023


Notes

2023
£

2022
£
Turnover 31,643 27,497
Cost of sales ( 3,766 ) ( 5,264 )
Gross Profit or (Loss) 27,877 22,233
Administrative Expenses ( 1,566 ) ( 1,151 )
Operating Profit or (Loss) 26,311 21,082
Interest Payable and Similar Charges ( 8,461 ) ( 6,807 )
Profit or (Loss) Before Tax 17,850 14,275
Tax on Profit ( 3,392 ) ( 2,712 )
Profit or (Loss) for Period 14,458 11,563

The notes form part of these financial statements

PREMIUM AVENUE LIMITED

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 317,000 317,000
Total fixed assets: 317,000 317,000
Current assets
Cash at bank and in hand: 5,170 3,989
Total current assets: 5,170 3,989
Creditors: amounts falling due within one year: 5 ( 3,391 ) ( 2,712 )
Net current assets (liabilities): 1,779 1,277
Total assets less current liabilities: 318,779 318,277
Creditors: amounts falling due after more than one year: 6 ( 273,017 ) ( 282,973 )
Total net assets (liabilities): 45,762 35,304

The notes form part of these financial statements

PREMIUM AVENUE LIMITED

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 44,762 34,304
Shareholders funds: 45,762 35,304

For the year ending 31 March 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 2 October 2023
And Signed On Behalf Of The Board By:

Name: Riaz Ahmed
Status: Director

The notes form part of these financial statements

PREMIUM AVENUE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is stated net of VAT if applicable

    Tangible fixed assets depreciation policy

    Depreciation is not provided on property

PREMIUM AVENUE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

PREMIUM AVENUE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

PREMIUM AVENUE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 April 2022 317,000 317,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2023 317,000 317,000
Depreciation
At 01 April 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 31 March 2023 - -
Net book value
At 31 March 2023 317,000 317,000
At 31 March 2022 317,000 317,000

Depreciation is not provided on property

PREMIUM AVENUE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5.Creditors: amounts falling due within one year note


2023
£

2022
£
Taxation and social security 3,391 2,712
Total 3,391 2,712

PREMIUM AVENUE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 195,948 219,076
Other creditors 77,069 63,897
Total 273,017 282,973