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REGISTERED NUMBER: 13423833 (England and Wales)







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: P I Haagaas
D E Melhus
T I McClure



REGISTERED OFFICE: 5 Patchway Trading Estate
Britannia Road
Patchway
Bristol
BS34 5TA



REGISTERED NUMBER: 13423833 (England and Wales)



SENIOR STATUTORY AUDITOR: Matthew Dobbins FCA



AUDITORS: Dunkley's
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 - 2,560,000

CURRENT ASSETS
Debtors 5 1,964,230 281,787

CREDITORS
Amounts falling due within one year 6 (1,014,045 ) (1,483,282 )
NET CURRENT ASSETS/(LIABILITIES) 950,185 (1,201,495 )
TOTAL ASSETS LESS CURRENT LIABILITIES 950,185 1,358,505

PROVISIONS FOR LIABILITIES - (227,893 )
NET ASSETS 950,185 1,130,612

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 - 972,016
Retained earnings 950,085 158,496
SHAREHOLDERS' FUNDS 950,185 1,130,612

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 17 September 2024 and were signed on its behalf by:





T I McClure - Director


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 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.

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 2,560,000
Disposals (2,560,000 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 October 2022 2,560,000

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 1,922,444 281,787
VAT 41,786 -
1,964,230 281,787

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.10.22
£    £   
Trade creditors - 136
Amounts owed to group undertakings - 695,060
Tax 236,354 37,178
VAT - 10,214
Connected party loans 710,389 667,803
Accruals and deferred income 67,302 72,891
1,014,045 1,483,282

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Revaluation
reserve
£   
At 1 November 2022 972,016
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.

Matthew Dobbins FCA (Senior Statutory Auditor)
for and on behalf of Dunkleys Dunkley's

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.