Company registration number 11602735 (England and Wales)
AVES HOLDING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
AVES HOLDING LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
AVES HOLDING LTD
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 1 -
31 July 2023
30 April 2022
Notes
£
£
£
£
Fixed assets
Investments
3
100
100
Current assets
Debtors
5
5,913
-
0
Cash at bank and in hand
49,876
48,796
55,789
48,796
Creditors: amounts falling due within one year
6
(32,864)
(25,000)
Net current assets
22,925
23,796
Net assets
23,025
23,896
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
22,825
23,696
Total equity
23,025
23,896

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 18 April 2024 and are signed on its behalf by:
Mr D Shaw
Director
Company Registration No. 11602735
AVES HOLDING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023
- 2 -
1
Accounting policies
Company information

Aves Holding Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1 Larksfield Close, Hope, Wrexham, Clwyd, United Kingdom, LL12 9RQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

The parent company is exempt from preparing group accounts as it is a small group, as defined by FRS 102 Section 1A.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
2022
Number
Number
Total
2
2
AVES HOLDING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2023
- 3 -
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
100
100
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 May 2022 & 31 July 2023
100
Carrying amount
At 31 July 2023
100
At 30 April 2022
100
4
Subsidiaries

Details of the company's subsidiaries at 31 July 2023 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Source Turkey (Scotland) Limited
Scotland
Ordinary
100.00
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
5,913
-
0
6
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
32,864
25,000
7
Ultimate Controlling Party

The company is under the control of the directors, who between them hold 100% of the issued share capital.

8
Related party transactions
Transactions with related parties
AVES HOLDING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2023
8
Related party transactions
(Continued)
- 4 -

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 ' The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned subsidiaries

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