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
Investment property
180,000
152,545
Cash at bank and in hand
14,763
12,797
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
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
AVAMJ PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
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.
Turnover represents the value of gross rent due to the company for the financial year.
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 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.
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.
AVAMJ PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 January 2024
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
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
61,000
61,000
8
Deferred taxation
2024
2023
Revaluation of investment property
5,216
-
Charged to the profit and loss account
5,216
-
Provision at end of year
5,216
-
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).