BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is property investment. 8 February 2024 2 2 NI014420 2023-12-31 NI014420 2022-12-31 NI014420 2021-12-31 NI014420 2023-01-01 2023-12-31 NI014420 2022-01-01 2022-12-31 NI014420 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI014420 uk-curr:PoundSterling 2023-01-01 2023-12-31 NI014420 uk-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI014420 uk-bus:FullAccounts 2023-01-01 2023-12-31 NI014420 uk-bus:Director1 2023-01-01 2023-12-31 NI014420 uk-bus:Director2 2023-01-01 2023-12-31 NI014420 uk-bus:RegisteredOffice 2023-01-01 2023-12-31 NI014420 uk-bus:Agent1 2023-01-01 2023-12-31 NI014420 uk-core:ShareCapital 2023-12-31 NI014420 uk-core:ShareCapital 2022-12-31 NI014420 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI014420 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI014420 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI014420 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 NI014420 uk-bus:FRS102 2023-01-01 2023-12-31 NI014420 uk-core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 NI014420 uk-core:WithinOneYear 2023-12-31 NI014420 uk-core:WithinOneYear 2022-12-31 NI014420 uk-core:DeferredTaxation 2022-12-31 NI014420 uk-core:DeferredTaxation 2023-01-01 2023-12-31 NI014420 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-12-31 NI014420 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-12-31 NI014420 uk-core:OtherDeferredTax 2023-12-31 NI014420 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-12-31 NI014420 uk-core:DeferredTaxation 2023-12-31 NI014420 2023-01-01 2023-12-31 NI014420 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: NI014420
 
 
AVA Leisure Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 December 2023
AVA Leisure Limited
Directors and Other Information

 
Directors Mr. Michael Anthony Simpson
Mr. Samuel David Stranaghan
 
 
Company Registration Number NI014420
 
 
Registered Office and Business Address AVA House
14 Prince Regent Road
Belfast
Co. Antrim
BT5 6QR
 
 
Accountants HCA Chartered Accountants Ltd
Chartered Accountants
12 Cromac Place
Belfast
Co. Antrim
BT7 2JB
Northern Ireland
 
 
Bankers Bank of Ireland
  1 Donegal Square South
  Belfast
  Co. Antrim
  BT1 5LR
  Northern Ireland



AVA Leisure Limited
Company Registration Number: NI014420
Balance Sheet
as at 31 December 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 159,745 159,745
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Current Assets
Cash and cash equivalents 26,753 54,301
Creditors: amounts falling due within one year 5 (1,200) (5,612)
───────── ─────────
Net Current Assets 25,553 48,689
───────── ─────────
Total Assets less Current Liabilities 185,298 208,434
 
Provisions for liabilities 7 5,784 -
───────── ─────────
Net Assets 191,082 208,434
═════════ ═════════
 
Capital and Reserves
Called up share capital 1,000 1,000
Retained earnings 190,082 207,434
───────── ─────────
Equity attributable to owners of the company 191,082 208,434
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Board and authorised for issue on 8 February 2024 and signed on its behalf by
           
           
________________________________          
Mr. Samuel David Stranaghan          
Director          
           



AVA Leisure Limited
Notes to the Financial Statements
for the financial year ended 31 December 2023

   
1. General Information
 
AVA Leisure Limited is a company limited by shares incorporated in Northern Ireland. The registered office of the company is AVA House, 14 Prince Regent Road, Belfast, Co. Antrim, BT5 6QR which is also the principal place of business of the company. The principal activity of the company is property investment. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - Not depreciated - see note 4
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
The rate and basis of depreciation stated for fixtures, fittings and equipment refers to previous years when the company operated a bingo club. These assets now form part of the investment property and hence are no longer depreciated.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Profit and Loss Account.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2022 - 2).
 
  2023 2022
  Number Number
 
Directors 2 2
  ═════════ ═════════
         
4. Tangible assets
  Investment Fixtures, Total
  properties fittings and  
    equipment  
  £ £ £
Cost
At 1 January 2023 477,635 368,048 845,683
  ───────── ───────── ─────────
 
At 31 December 2023 477,635 368,048 845,683
  ───────── ───────── ─────────
Depreciation
At 1 January 2023 336,584 349,354 685,938
  ───────── ───────── ─────────
 
At 31 December 2023 336,584 349,354 685,938
  ───────── ───────── ─────────
Net book value
At 31 December 2023 141,051 18,694 159,745
  ═════════ ═════════ ═════════
At 31 December 2022 141,051 18,694 159,745
  ═════════ ═════════ ═════════
 
Fixtures are not depreciated as the premises are now rented to a Bingo Club.
       
5. Creditors 2023 2022
Amounts falling due within one year £ £
 
Taxation  (Note 6) - 4,412
Accruals 1,200 1,200
  ───────── ─────────
  1,200 5,612
  ═════════ ═════════
       
6. Taxation 2023 2022
  £ £
 
Creditors:
Corporation tax - 4,412
  ═════════ ═════════
         
7. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Losses Total Total
       
       
    2023 2022
  £ £ £
 
At financial year start - - -
Charged to profit and loss (5,784) (5,784) -
  ───────── ───────── ─────────
At financial year end (5,784) (5,784) -
  ═════════ ═════════ ═════════
       
8. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2023.
           
9. Related party transactions
 
Planet Bingo Limited was previously a related company by virtue of common shareholdings.
   
10. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.