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REGISTERED NUMBER: 10820446 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

AVENUE DEVELOPMENTS (CORNWALL) LIMITED

AVENUE DEVELOPMENTS (CORNWALL) LIMITED (REGISTERED NUMBER: 10820446)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AVENUE DEVELOPMENTS (CORNWALL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: J F Gilbert
Mrs G Gilbert





REGISTERED OFFICE: The White House
Wall Road
Gwinear
Hayle
Cornwall
TR27 5HA





REGISTERED NUMBER: 10820446 (England and Wales)





ACCOUNTANT: Catherine Bennett Ltd
Chartered Accountant
Wheal Harmony House
Solomon Road
Redruth
Cornwall
TR15 1FD

AVENUE DEVELOPMENTS (CORNWALL) LIMITED (REGISTERED NUMBER: 10820446)

BALANCE SHEET
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,588 4,884

CURRENT ASSETS
Stocks 387,588 370,856
Debtors 5 3,490 6,080
Cash at bank 13,314 114,266
404,392 491,202
CREDITORS
Amounts falling due within one year 6 642,413 612,764
NET CURRENT LIABILITIES (238,021 ) (121,562 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(232,433

)

(116,678

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (232,533 ) (116,778 )
SHAREHOLDERS' FUNDS (232,433 ) (116,678 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 15 August 2024 and were signed on its behalf by:





Mrs G Gilbert - Director


AVENUE DEVELOPMENTS (CORNWALL) LIMITED (REGISTERED NUMBER: 10820446)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Avenue Developments (Cornwall) 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.

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.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Going concern
The company has net liabilities, the other creditors have confirmed their ongoing support of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

AVENUE DEVELOPMENTS (CORNWALL) LIMITED (REGISTERED NUMBER: 10820446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 38,937 11,995 926 51,858
Additions 4,499 496 657 5,652
Disposals (3,054 ) - (775 ) (3,829 )
At 30 June 2024 40,382 12,491 808 53,681
DEPRECIATION
At 1 July 2023 34,054 11,995 925 46,974
Charge for year 2,264 124 218 2,606
Eliminated on disposal (712 ) - (775 ) (1,487 )
At 30 June 2024 35,606 12,119 368 48,093
NET BOOK VALUE
At 30 June 2024 4,776 372 440 5,588
At 30 June 2023 4,883 - 1 4,884

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
VAT 2,617 5,659
Prepayments 873 421
3,490 6,080

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade creditors 173 173
Social security and other taxes 819 1,235
Other creditors 629,784 599,784
Directors' current accounts 10,196 10,197
Accrued expenses 1,441 1,375
642,413 612,764