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Company Registration No. 12407905 (England and Wales)
AVAMJ PROPERTIES LIMITED Unaudited accounts for the year ended 31 January 2024
AVAMJ PROPERTIES LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
180,000 
152,545 
Current assets
Debtors
145 
129 
Cash at bank and in hand
14,763 
12,797 
14,908 
12,926 
Creditors: amounts falling due within one year
(1,498)
(1,627)
Net current assets
13,410 
11,299 
Total assets less current liabilities
193,410 
163,844 
Creditors: amounts falling due after more than one year
(156,453)
(156,448)
Provisions for liabilities
Deferred tax
(5,216)
- 
Net assets
31,741 
7,396 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
31,641 
7,296 
Shareholders' funds
31,741 
7,396 
For the year ending 31 January 2024 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 22 April 2024 and were signed on its behalf by
Mr Avnish Jani Director Company Registration No. 12407905
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AVAMJ PROPERTIES LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
AVAMJ PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12407905. The registered office is 55 Kingsland Road, Hemel Hempstead, Hertfordshire, HP1 1QD, 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
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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 represents the value of gross rent due to the company for the financial year.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.
4
Investment property
2024 
£ 
Fair value at 1 February 2023
152,545 
Net gain from fair value adjustments
27,455 
At 31 January 2024
180,000 
The fair value of investment property was determined by the company directors. The historic cost of the property totalled £152,545.
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AVAMJ PROPERTIES LIMITED Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
145 
129 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
481 
680 
Accruals
474 
438 
Deferred income
543 
509 
1,498 
1,627 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
95,453 
95,448 
Loans from directors
61,000 
61,000 
156,453 
156,448 
8
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
5,216 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
5,216 
- 
Provision at end of year
5,216 
- 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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