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REGISTERED NUMBER: 13923333 (England and Wales)















Unaudited Financial Statements

for the Period 17 February 2022 to 31 March 2023

for

AVF Developments (Bourne Way) Ltd

AVF Developments (Bourne Way) Ltd (Registered number: 13923333)






Contents of the Financial Statements
for the Period 17 February 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVF Developments (Bourne Way) Ltd

Company Information
for the Period 17 February 2022 to 31 March 2023







DIRECTOR: A F Adil





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 13923333 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

AVF Developments (Bourne Way) Ltd (Registered number: 13923333)

Balance Sheet
31 March 2023

Notes £    £   
FIXED ASSETS
Investment property 5 1,049,590

CURRENT ASSETS
Debtors 6 59,245
Cash in hand 10
59,255
CREDITORS
Amounts falling due within one year 7 387,352
NET CURRENT LIABILITIES (328,097 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

721,493

CREDITORS
Amounts falling due after more than one
year

8

750,000
NET LIABILITIES (28,507 )

CAPITAL AND RESERVES
Called up share capital 9 10
Retained earnings 10 (28,517 )
SHAREHOLDERS' FUNDS (28,507 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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.

AVF Developments (Bourne Way) Ltd (Registered number: 13923333)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2023 and were signed by:





A F Adil - Director


AVF Developments (Bourne Way) Ltd (Registered number: 13923333)

Notes to the Financial Statements
for the Period 17 February 2022 to 31 March 2023

1. STATUTORY INFORMATION

AVF Developments (Bourne Way) Ltd 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rents receivable.

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Going concern
The balance sheet shows net liabilities of £28,517. The director of AVF Developments (Bourne Way) Ltd has reasonable expectations that the company will be able to make sufficient profits to enable it to operate for the foreseeable future, in addition to the continued support and funding of the director and associated companies. These financial statements have therefore been prepared on a going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

AVF Developments (Bourne Way) Ltd (Registered number: 13923333)

Notes to the Financial Statements - continued
for the Period 17 February 2022 to 31 March 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,049,590
At 31 March 2023 1,049,590
NET BOOK VALUE
At 31 March 2023 1,049,590

The investment property is valued annually by the directors on an open market existing use basis.

The historical cost of the investment property amount to £1,049,590.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 59,245

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 387,352

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 750,000

The loans are secured against the assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
10 Ordinary £1 10

10. RESERVES
Retained
earnings
£   

Deficit for the period (28,517 )
At 31 March 2023 (28,517 )

AVF Developments (Bourne Way) Ltd (Registered number: 13923333)

Notes to the Financial Statements - continued
for the Period 17 February 2022 to 31 March 2023

11. RELATED PARTY DISCLOSURES

Mr A F Adil, the director of the company, is also the director of AVF Construction Ltd, AVF London Holdings Ltd, AVF Developments (Orpington) Ltd, AVF Developments (Chislehurst) Ltd, AVF Developments (Crystal Palace) Ltd, AVF Developments (Bromley) Ltd and AVF Developments (Greenwich) Ltd which are all registered in England.

Included within other debtors are loans due from related parties of £53,253. These loans are interest free and are repayable on demand.