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REGISTERED NUMBER: 12935386 (England and Wales)











Financial Statements

for the Year Ended 31 December 2023

for

AVD PORTFOLIO LTD

AVD PORTFOLIO LTD (REGISTERED NUMBER: 12935386)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVD PORTFOLIO LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Miss A Urbaniak
Mr B R Van Diemel





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 12935386 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

AVD PORTFOLIO LTD (REGISTERED NUMBER: 12935386)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 374,285 282,213
Investment property 5 280,000 290,000
654,285 572,213

CURRENT ASSETS
Debtors 6 4,402 1,171
Cash at bank 19,496 5,932
23,898 7,103
CREDITORS
Amounts falling due within one year 7 426,337 326,209
NET CURRENT LIABILITIES (402,439 ) (319,106 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

251,846

253,107

CREDITORS
Amounts falling due after more than one year 8 123,731 131,475
NET ASSETS 128,115 121,632

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 127,115 120,632
SHAREHOLDERS' FUNDS 128,115 121,632

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

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 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.

AVD PORTFOLIO LTD (REGISTERED NUMBER: 12935386)

Balance Sheet - continued
31 December 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 23 September 2024 and were signed on its behalf by:





Miss A Urbaniak - Director


AVD PORTFOLIO LTD (REGISTERED NUMBER: 12935386)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

AVD Portfolio Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Fixed asset investments
At the balance sheet date Fixed Assset Investments are shown at the market value. Any aggregate surplus or deficit arising from changes in market value is recognised in profit or loss.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.12.23 31.12.22
£    £   
Cost b/fwd 282,213 299,840
Addition 99,989 71,754
Disposals (23,358 ) (76,316 )
Revaluations 15,441 (13,065 )
374,285 282,213

AVD PORTFOLIO LTD (REGISTERED NUMBER: 12935386)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 290,000
Revaluations (10,000 )
At 31 December 2023 280,000
NET BOOK VALUE
At 31 December 2023 280,000
At 31 December 2022 290,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 (14,441 )
Valuation in 2022 2,500
Valuation in 2023 (10,000 )
Cost 301,941
280,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 154
Other debtors 4,402 1,017
4,402 1,171

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 9) 22,696 21,323
Hire purchase contracts 12,023 -
Other creditors 115,738 528
Directors' current accounts 275,880 297,158
Accruals and deferred income - 7,200
426,337 326,209

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 9) 95,120 131,475
Hire purchase contracts 28,611 -
123,731 131,475

AVD PORTFOLIO LTD (REGISTERED NUMBER: 12935386)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 22,696 21,323

Amounts falling due between one and two years:
Bank loans - 1-2 years 22,695 21,324

Amounts falling due between two and five years:
Bank loans - 2-5 years 72,425 110,151

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
999 Ordinary £1 999 999
1 A Ordinary £1 1 1
1,000 1,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date, the directors were owed £275,880 (2022: £297,158). This amount is interest free and repayable upon demand.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Miss A Urbaniak.