AVOBAR LTD

Company Registration Number:
10931246 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

AVOBAR LTD

Contents of the Financial Statements

for the Period Ended 31 August 2023

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

AVOBAR LTD

Company Information

for the Period Ended 31 August 2023




Director: Liana Kazaryan
Registered office: 23 - 24
Henrietta Street
London
GBR
WC2E 8ND
Company Registration Number: 10931246 (England and Wales)

AVOBAR LTD

Directors' Report Period Ended 31 August 2023

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

Principal Activities

The principal activity of the company is the operation of a restaurant

Political and charitable donations

During the period no political or charitable donations were made

Directors

The directors shown below have held office during the whole of the period from 01 September 2022 to 31 August 2023
Liana Kazaryan

This report was approved by the board of directors on 16 February 2024
And Signed On Behalf Of The Board By:

Name: Liana Kazaryan
Status: Director

AVOBAR LTD

Profit and Loss Account

for the Period Ended 31 August 2023


Notes

2023
£

2022
£
Turnover 1,066,279 1,075,871
Cost of sales ( 376,996 ) ( 447,622 )
Gross Profit or (Loss) 689,283 644,268
Income from coronavirus (COVID-19) business support grants - 16,019
Administrative Expenses ( 1,036,693 ) ( 1,090,494 )
Operating Profit or (Loss) ( 347,410 ) ( 446,226 )
Profit or (Loss) Before Tax ( 347,410 ) ( 446,226 )
Profit or (Loss) for Period ( 347,410 ) ( 446,226 )

The notes form part of these financial statements

AVOBAR LTD

Balance sheet

As at 31 August 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 240,155 310,073
Total fixed assets: 240,155 310,073
Current assets
Stocks: 11,491 11,491
Debtors: 5 1,602,332 1,438,648
Cash at bank and in hand: 9,561 23,768
Total current assets: 1,623,384 1,473,907
Creditors: amounts falling due within one year: 6 ( 1,020,202 ) ( 704,139 )
Net current assets (liabilities): 603,182 769,768
Total assets less current liabilities: 843,337 1,079,841
Creditors: amounts falling due after more than one year: 7 ( 1,758,104 ) ( 1,647,198 )
Total net assets (liabilities): ( 914,767 ) ( 567,357 )

The notes form part of these financial statements

AVOBAR LTD

Balance sheet continued

As at 31 August 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 914,867 ) ( 567,457 )
Shareholders funds: ( 914,767 ) ( 567,357 )

For the year ending 31 August 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 16 February 2024
And Signed On Behalf Of The Board By:

Name: Liana Kazaryan
Status: Director

The notes form part of these financial statements

AVOBAR LTD

Notes to the Financial Statements

for the Period Ended 31 August 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

    The turnover represents amounts receivable for goods and services net of VAT and trade discounts

    Tangible fixed assets depreciation policy

    Straight-line method

AVOBAR LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 26 24

AVOBAR LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 3. Off balance sheet disclosure

    No

AVOBAR LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Tangible assets

Plant & machinery Fixtures & fittings Office equipment Total
Cost £ £ £ £
At 01 September 2022 455,911 36,986 154,881 647,778
Additions - - 549 549
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 31 August 2023 455,911 36,986 155,430 648,327
Depreciation
At 01 September 2022 182,708 36,986 118,011 337,705
Charge for year 45,683 - 24,784 70,467
On disposals - - - -
Other adjustments - - - -
At 31 August 2023 228,391 36,986 142,795 408,172
Net book value
At 31 August 2023 227,520 0 12,635 240,155
At 31 August 2022 273,203 0 36,870 310,073

AVOBAR LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Debtors


2023
£

2022
£
Trade debtors 27 204
Other debtors 1,602,305 1,438,444
Total 1,602,332 1,438,648
Debtors due after more than one year: 1,602,305 1,438,444

AVOBAR LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 274,334 322,012
Taxation and social security 311,159 147,941
Other creditors 434,709 234,186
Total 1,020,202 704,139

AVOBAR LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

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


2023
£

2022
£
Bank loans and overdrafts 352,980 446,500
Other creditors 1,405,124 1,200,698
Total 1,758,104 1,647,198