REGISTERED NUMBER: |
Financial Statements |
for the Period 1 November 2022 to 31 December 2023 |
for |
Avery Dell Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Period 1 November 2022 to 31 December 2023 |
for |
Avery Dell Limited |
Avery Dell Limited (Registered number: 13423833) |
Contents of the Financial Statements |
for the Period 1 November 2022 to 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Avery Dell Limited |
Company Information |
for the Period 1 November 2022 to 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
Statutory Auditor |
Chartered Accountants |
Woodlands Grange |
Woodlands Lane |
Bradley Stoke |
Bristol |
BS32 4JY |
Avery Dell Limited (Registered number: 13423833) |
Balance Sheet |
31 December 2023 |
31.12.23 | 31.10.22 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Revaluation reserve | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
Avery Dell Limited (Registered number: 13423833) |
Notes to the Financial Statements |
for the Period 1 November 2022 to 31 December 2023 |
1. | STATUTORY INFORMATION |
Avery Dell Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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 period 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 period 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 period was NIL (2022 - NIL). |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 November 2022 |
Disposals | ( |
) |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 October 2022 |
Avery Dell Limited (Registered number: 13423833) |
Notes to the Financial Statements - continued |
for the Period 1 November 2022 to 31 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.10.22 |
£ | £ |
Amounts owed by group undertakings |
VAT |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.10.22 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Tax |
VAT | - | 10,214 |
Connected party loans | 710,389 | 667,803 |
Accruals and deferred income |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.23 | 31.10.22 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
8. | RESERVES |
Revaluation |
reserve |
£ |
At 1 November 2022 |
Assets sold within the period | (972,016 | ) |
At 31 December 2023 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of Dunkleys |
Avery Dell Limited (Registered number: 13423833) |
Notes to the Financial Statements - continued |
for the Period 1 November 2022 to 31 December 2023 |
10. | RELATED PARTY DISCLOSURES |
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. |
Balances outstanding |
The following include loans with entities within the group that are not connected via a 100% ownership. |
The totals held at the balance sheet date are: |
31.12.2023 | 30.10.22 |
Balances owing to/(from): | £ | £ |
Inferno LLC | 710,389 | 667,803 |
Parc HoldCo | (1,916,585 | ) | 695,060 |
Within the period, interest of £67,302 was payable (2022 - £42,586). |
The loans are unsecured and repayable upon demand. |
11. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |
12. | ULTIMATE CONTROLLING PARTY |
The parent of the smallest and largest group for which consolidated financial statements are drawn up of which this company is a member is Parc Holdco AS, a company registered in Norway. |
The registered office of the parent is Vollsveien 2a, 1366 Lysaker, Norway. |