Company Registration No. 13292744 (England and Wales)
Avis Properties Ltd
Unaudited accounts
for the year ended 31 March 2023
Avis Properties Ltd
Unaudited accounts
Contents
Avis Properties Ltd
Company Information
for the year ended 31 March 2023
Directors
Mr Andrew Daniel Avis
Ms Lauren Amie Avis
Company Number
13292744 (England and Wales)
Registered Office
THE DOWNSHIRE, 71 BALDWINS LANE
CROXLEY GREEN
RICKMANSWORTH
HERTS
WD3 3LT
UNITED KINGDOM
Accountants
Dempsey & Co
The Downshire
71 Baldwins Lane Croxley Green
Rickmansworth
Herts
WD3 3LT
Avis Properties Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
316,916
317,291
Cash at bank and in hand
20,036
8,282
Creditors: amounts falling due within one year
(110,045)
(102,953)
Net current liabilities
(90,009)
(94,671)
Total assets less current liabilities
226,907
222,620
Creditors: amounts falling due after more than one year
(220,330)
(220,330)
Called up share capital
100
100
Profit and loss account
6,477
2,190
Shareholders' funds
6,577
2,290
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 13 November 2023 and were signed on its behalf by
Mr Andrew Daniel Avis
Director
Company Registration No. 13292744
Avis Properties Ltd
Notes to the Accounts
for the year ended 31 March 2023
Avis Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13292744. The registered office is THE DOWNSHIRE, 71 BALDWINS LANE, CROXLEY GREEN, RICKMANSWORTH, HERTS, WD3 3LT, UNITED KINGDOM.
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.
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:
Fixtures & fittings
25% on reducing balance
These financial statements have been prepared on a going concern basis.
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.
Deferred taxation is provided in respect of the tax effect of all timing differences at the rates of tax expected to apply when the timing differences reverse.
Avis Properties Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2022
316,166
1,500
317,666
At 31 March 2023
316,166
1,500
317,666
Charge for the year
-
375
375
At 31 March 2023
-
750
750
At 31 March 2023
316,166
750
316,916
At 31 March 2022
316,166
1,125
317,291
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,400
8,400
Taxes and social security
1,093
602
Loans from directors
99,952
93,351
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
220,330
220,330
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).