IRIS Accounts Production v24.1.0.578 11544774 Board of Directors 1.11.22 31.10.23 31.10.23 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115447742022-10-31115447742023-10-31115447742022-11-012023-10-31115447742021-10-31115447742021-11-012022-10-31115447742022-10-3111544774ns15:EnglandWales2022-11-012023-10-3111544774ns14:PoundSterling2022-11-012023-10-3111544774ns10:Director12022-11-012023-10-3111544774ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3111544774ns10:SmallEntities2022-11-012023-10-3111544774ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3111544774ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3111544774ns10:FullAccounts2022-11-012023-10-3111544774ns10:OrdinaryShareClass12022-11-012023-10-3111544774ns10:Director22022-11-012023-10-3111544774ns10:Director32022-11-012023-10-3111544774ns10:RegisteredOffice2022-11-012023-10-3111544774ns5:CurrentFinancialInstruments2023-10-3111544774ns5:CurrentFinancialInstruments2022-10-3111544774ns5:Non-currentFinancialInstruments2023-10-3111544774ns5:Non-currentFinancialInstruments2022-10-3111544774ns5:ShareCapital2023-10-3111544774ns5:ShareCapital2022-10-3111544774ns5:RetainedEarningsAccumulatedLosses2023-10-3111544774ns5:RetainedEarningsAccumulatedLosses2022-10-3111544774ns5:LandBuildings2022-10-3111544774ns5:LandBuildings2023-10-3111544774ns5:LandBuildings2022-10-3111544774ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3111544774ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3111544774ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-10-3111544774ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-10-3111544774ns10:OrdinaryShareClass12023-10-3111544774ns5:RetainedEarningsAccumulatedLosses2022-10-3111544774ns5:RetainedEarningsAccumulatedLosses2022-11-012023-10-31
REGISTERED NUMBER: 11544774 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

AVATAR PROPERTY HOLDINGS LIMITED

AVATAR PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 11544774)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVATAR PROPERTY HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: P S Bedi
S Bedi
Mrs A Bedi





REGISTERED OFFICE: Peak House
Farm House Way
Birmingham
West Midlands
B43 7SE





REGISTERED NUMBER: 11544774 (England and Wales)

AVATAR PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 11544774)

BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,427,571 1,427,571

CURRENT ASSETS
Debtors 5 408,285 310,344
Cash at bank 402,706 6,778
810,991 317,122
CREDITORS
Amounts falling due within one year 6 599,623 525,739
NET CURRENT ASSETS/(LIABILITIES) 211,368 (208,617 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,638,939

1,218,954

CREDITORS
Amounts falling due after more than one
year

7

728,032

776,137
NET ASSETS 910,907 442,817

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 909,907 441,817
SHAREHOLDERS' FUNDS 910,907 442,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

AVATAR PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 11544774)

BALANCE SHEET - continued
31 OCTOBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2024 and were signed on its behalf by:





P S Bedi - Director


AVATAR PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 11544774)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Avatar Property Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
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 within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

AVATAR PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 11544774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 November 2022
and 31 October 2023 1,427,571
NET BOOK VALUE
At 31 October 2023 1,427,571
At 31 October 2022 1,427,571

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 319,366 221,425
Other debtors 9,581 9,581
Inter company 79,338 79,338
408,285 310,344

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts (see note 8) 57,804 57,804
Trade creditors 360 359
Tax 89,777 16,014
Other creditors 451,082 451,082
Accrued expenses 600 480
599,623 525,739

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
£    £   
Bank loans (see note 8) 728,032 776,137

8. LOANS

An analysis of the maturity of loans is given below:

31/10/23 31/10/22
£    £   
Amounts falling due within one year or on demand:
Bank loans 57,804 57,804

Amounts falling due between two and five years:
Bank loans - 2-5 years 728,032 776,137

AVATAR PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 11544774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 November 2022 441,817
Profit for the year 468,090
At 31 October 2023 909,907