Company Registration No. 11116914 (England and Wales)
The Avenue Maidstone Limited
Unaudited accounts
for the year ended 31 December 2023
The Avenue Maidstone Limited
Unaudited accounts
Contents
The Avenue Maidstone Limited
Company Information
for the year ended 31 December 2023
Company Number
11116914 (England and Wales)
Registered Office
95A WEEK STREET
MAIDSTONE
KENT
ME14 1QX
UNITED KINGDOM
Accountants
Stoke Newington Accountants & Tax Consultants Ltd
4 Baird Road
Enfield
Middlesex
EN1 1SJ
The Avenue Maidstone Limited
Statement of financial position
as at 31 December 2023
Tangible assets
24,962
20,808
Cash at bank and in hand
7,630
140,389
Creditors: amounts falling due within one year
(274,700)
(192,327)
Net current (liabilities)/assets
(5,057)
4,088
Total assets less current liabilities
19,905
24,896
Creditors: amounts falling due after more than one year
(15,026)
(23,900)
Called up share capital
100
100
Profit and loss account
4,779
896
Shareholders' funds
4,879
996
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 10 March 2024 and were signed on its behalf by
Bulent Turgut
Director
Company Registration No. 11116914
The Avenue Maidstone Limited
Notes to the Accounts
for the year ended 31 December 2023
The Avenue Maidstone Limited is a private company, limited by shares, registered in England and Wales, registration number 11116914. The registered office is 95A WEEK STREET, MAIDSTONE, KENT, ME14 1QX, 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.
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:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
16,450
7,317
23,767
At 31 December 2023
16,450
12,973
29,423
At 1 January 2023
-
2,959
2,959
Charge for the year
-
1,502
1,502
At 31 December 2023
-
4,461
4,461
At 31 December 2023
16,450
8,512
24,962
At 31 December 2022
16,450
4,358
20,808
Amounts falling due within one year
Amounts falling due after more than one year
The Avenue Maidstone Limited
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,648
10,648
Taxes and social security
36,234
51,044
Loans from directors
21,498
-
7
Creditors: amounts falling due after more than one year
2023
2022
8
Transactions with related parties
At the balance sheet date, where the director has controlling interest, the company owed the director £21,498.
Included within other debtors in an amount of £262,013 due from a connected company, all under common control.
The company's ultimate controlling party is Bulent Turgut by virtue of his ownership of 100% of the issued share capital in the company.
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).