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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
Page
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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
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Avis Properties Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
316,916 
317,291 
Current assets
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)
Net assets
6,577 
2,290 
Capital and reserves
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
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Avis Properties Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
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.
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
Going concern
These financial statements have been prepared on a going concern basis.
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.
Deferred taxation
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.
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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 
Depreciation
At 1 April 2022
- 
375 
375 
Charge for the year
- 
375 
375 
At 31 March 2023
- 
750 
750 
Net book value
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 
Accruals
600 
600 
110,045 
102,953 
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).
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