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Registered number: 14509844
Avn Investment Group Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Greenwood & Co Limited
Chartered Certified Accountants
41 Derwent Gardens
Redbridge
Ilford
Essex
IG4 5NA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14509844
2023
Notes £ £
FIXED ASSETS
Investment Properties 4 1,789,224
1,789,224
CURRENT ASSETS
Cash at bank and in hand 46,188
46,188
Creditors: Amounts Falling Due Within One Year 5 (200,385 )
NET CURRENT ASSETS (LIABILITIES) (154,197 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,635,027
Creditors: Amounts Falling Due After More Than One Year 6 (1,669,580 )
NET LIABILITIES (34,553 )
CAPITAL AND RESERVES
Called up share capital 8 1
Profit and Loss Account (34,554 )
SHAREHOLDERS' FUNDS (34,553)
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs S Anbalagan
Director
29/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Avn Investment Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14509844 . The registered office is 97 Turner Road, Edgware, HA8 6AS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The balance sheet at the period end recorded net liabilities. However, the director believes that sufficient finance is available to the company to enable it to continue trading for the foreseeable future. Therefore the financial statements have been prepared on a going concern basis.
2.3. Turnover
Turnover represents rental income received during the period.
2.4. Investment Properties
Investment properties are included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
1
4. Investment Property
2023
£
Fair Value
As at 28 November 2022 -
Additions 1,789,224
As at 30 November 2023 1,789,224
5. Creditors: Amounts Falling Due Within One Year
2023
£
Other creditors 200,385
6. Creditors: Amounts Falling Due After More Than One Year
2023
£
Bank loans 996,180
Directors loan account 673,400
1,669,580
7. Secured Creditors
Of the creditors the following amounts are secured on the investment properties owned by the company.
2023
£
Bank loans and overdrafts 958,680
Page 3
Page 4
8. Share Capital
2023
£
Allotted, Called up and fully paid 1
Page 4