2023-01-01 03944503 2023-12-31 03944503 2023-01-01 2023-12-31 03944503 2022-12-31 03944503 2022-01-01 2022-12-31 03944503 uk-core:WithinOneYear 2022-12-31 03944503 uk-core:WithinOneYear 2023-12-31 03944503 uk-core:AfterOneYear 2022-12-31 03944503 uk-core:AfterOneYear 2023-12-31 03944503 uk-core:ShareCapital 2023-12-31 03944503 uk-core:ShareCapital 2022-12-31 03944503 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 03944503 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 03944503 uk-bus:Director1 2023-01-01 2023-12-31 03944503 uk-core:AfterOneYear uk-core:Secured 2023-12-31 03944503 uk-core:AfterOneYear uk-core:Secured 2022-12-31 iso4217:GBP xbrli:pure 03944503 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03944503 uk-bus:FRS102 2023-01-01 2023-12-31 03944503 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 03944503 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Avad Property Investments Limited
Registered Number:03944503
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Avad Property Investments Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
03944503
As at 31 December 2023
Avad Property Investments Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
179,355
179,355
2
179,355
179,355
Current assets
Trade and other receivables
7,500
7,500
3
15,534
Cash and cash equivalents
6,033
13,533
23,034
Trade and other payables: amounts falling due within one
year
(72,647)
(56,557)
4
(49,613)
(43,024)
Net current liabilities
Total assets less current liabilities
136,331
129,742
Trade and other payables: amounts falling due after more
than one year
(41,581)
(36,167)
5
100,164
Net assets
88,161
Capital and reserves
Called up share capital
100
100
Retained earnings
100,064
88,061
100,164
88,161
Shareholders' funds
For the year ended 31 December 2023 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
S T Patel Director
These financial statements were approved and authorised for issue by the Board on 09 August 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
Avad Property Investments Limited
Notes to the Financial Statements
Statutory Information
Avad Property Investments Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 03944503.
Registered address:
Avad House
Belvue Road
Northolt Industrial Estate
UB5 5HY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2. Property, plant and equipment
Land and
buildings
£
Cost or
valuation
At 01 January 2023
179,355
At 31 December 2023
179,355
At 31 December 2023
Net book value
179,355
At 31 December 2022
179,355
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5
For the year ended 31 December 2023
Avad Property Investments Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Trade debtors
7,500
7,500
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
50,434
66,492
Taxation and social security
4,065
4,124
Other creditors
2,058
2,031
56,557
72,647
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
36,167
41,581
6. Average number of persons employed
During the year the average number of employees was 0
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