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Company Registration No. 12148767 (England and Wales)
Aviemore 109 Limited Unaudited accounts for the year ended 31 August 2024
Aviemore 109 Limited Unaudited accounts Contents
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Aviemore 109 Limited Company Information for the year ended 31 August 2024
Director
Jagjit Singh Johal
Company Number
12148767 (England and Wales)
Registered Office
The Whinnies, Church Road Hartley Longfield DA3 8DJ England
Accountants
Workabee Accountants Sharon Gillett BSc FCA 11 Chestnut Avenue Buckhurst Hill Essex IG9 6EN
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Aviemore 109 Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
450,000 
495,000 
Current assets
Debtors
9,943 
9,383 
Cash at bank and in hand
12,927 
8,944 
22,870 
18,327 
Creditors: amounts falling due within one year
(134,208)
(133,707)
Net current liabilities
(111,338)
(115,380)
Total assets less current liabilities
338,662 
379,620 
Creditors: amounts falling due after more than one year
(305,781)
(305,532)
Provisions for liabilities
Deferred tax
(6,284)
(17,684)
Net assets
26,597 
56,404 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
26,596 
56,403 
Shareholders' funds
26,597 
56,404 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 October 2024 and were signed on its behalf by
Jagjit Singh Johal Director Company Registration No. 12148767
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Aviemore 109 Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Aviemore 109 Limited is a private company, limited by shares, registered in England and Wales, registration number 12148767. The registered office is The Whinnies, Church Road, Hartley, Longfield, DA3 8DJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover comprises of rental income and 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 included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost.
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Investment property
2024 
£ 
Fair value at 1 September 2023
495,000 
Net loss from fair value adjustments
(45,000)
At 31 August 2024
450,000 
The valuation of the investment property as at 31 August 2024 is based on a mortgage valuation (2023: based on a director valuation).
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Aviemore 109 Limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
643 
83 
Other debtors
9,300 
9,300 
9,943 
9,383 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
890 
389 
Other creditors
81,500 
81,500 
Loans from directors
51,608 
51,608 
Accruals
210 
210 
134,208 
133,707 
In the accounts for the year ended 31 August 2023, £10,993 in relation to bank loans (mortgage) was incorrectly classified as an amount falling due within one year. The whole of the mortgage creditor should have been classified as falling due for payment after five years. The amounts as at 31 August 2023 have been restated.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
305,781 
305,532 
Aggregate of amounts that fall due for payment after five years
305,781 
305,532 
The bank loans (mortgage) are secured against the value of the investment property. In the accounts for the year ended 31 August 2023, the whole amount in relation to bank loans (mortgage), being £305,532, should have been included in the aggregate of amounts that fall due for payment after five years. Instead the amounts were incorrectly split as £10,993 falling due within one year, £294,539 falling due after more than one year and £250,565 falling due after five years. The amounts as at 31 August 2023 have been restated.
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Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
6,284 
17,684 
2024 
2023 
£ 
£ 
Provision at start of year
17,684 
13,440 
(Credited)/charged to the profit and loss account
(11,400)
4,244 
Provision at end of year
6,284 
17,684 
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Aviemore 109 Limited Notes to the Accounts for the year ended 31 August 2024
9
Transactions with related parties
As at 31 August 2024, amounts owed to directors totalled £51,608 (2023: £51,608). As at 31 August 2024, amounts owed to related companies, which share the same director, totalled £80,000 (2023: £80,000). No interest is charged on money owed and the amounts are repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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