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REGISTERED NUMBER: 07932476 (England and Wales)












AVINA ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






AVINA ESTATES LIMITED (REGISTERED NUMBER: 07932476)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVINA ESTATES LIMITED

COMPANY INFORMATION
for the year ended 31 October 2023







DIRECTOR: D T Healy





REGISTERED OFFICE: Wey Court West
Union Road
Farnham
Surrey
GU9 7PT





REGISTERED NUMBER: 07932476 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

AVINA ESTATES LIMITED (REGISTERED NUMBER: 07932476)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 47,688 58,834

CURRENT ASSETS
Stocks 1,538,676 1,270,787
Debtors 5 1,122,307 1,251,509
Cash at bank 292,457 1,037,990
2,953,440 3,560,286
CREDITORS
Amounts falling due within one year 6 (172,366 ) (325,866 )
NET CURRENT ASSETS 2,781,074 3,234,420
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,828,762

3,293,254

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 2,828,760 3,293,252
SHAREHOLDERS' FUNDS 2,828,762 3,293,254

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AVINA ESTATES LIMITED (REGISTERED NUMBER: 07932476)

BALANCE SHEET - continued
31 October 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 director and authorised for issue on 11 October 2024 and were signed by:





D T Healy - Director


AVINA ESTATES LIMITED (REGISTERED NUMBER: 07932476)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Avina Estates 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 year 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 year was NIL (2022 - NIL).

AVINA ESTATES LIMITED (REGISTERED NUMBER: 07932476)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022 4,333 78,931 83,264
Additions - 4,500 4,500
At 31 October 2023 4,333 83,431 87,764
DEPRECIATION
At 1 November 2022 1,557 22,873 24,430
Charge for year 694 14,952 15,646
At 31 October 2023 2,251 37,825 40,076
NET BOOK VALUE
At 31 October 2023 2,082 45,606 47,688
At 31 October 2022 2,776 56,058 58,834

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,014,679 1,056,715
Directors' current accounts 44,683 -
Tax 62,945 84,794
Prepayments and accrued income - 110,000
1,122,307 1,251,509

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,156 23,532
VAT 40,705 40,486
Other creditors 3,375 15,413
Directors' current accounts - 31,200
Accruals and deferred income 2,250 -
Accrued expenses 113,880 215,235
172,366 325,866

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

AVINA ESTATES LIMITED (REGISTERED NUMBER: 07932476)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

8. RESERVES
Retained
earnings
£   

At 1 November 2022 3,293,252
Deficit for the year (386,992 )
Dividends (77,500 )
At 31 October 2023 2,828,760

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
D T Healy
Balance outstanding at start of year (31,200 ) 193,890
Amounts advanced 75,884 339,920
Amounts repaid - (565,010 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,684 (31,200 )

10. RELATED PARTY DISCLOSURES

The director and shareholder of Avina Estates Ltd is a director of Avicam Homes Ltd and a director and shareholder of Technik Recruitment Ltd.

At the end of the year, the company was owed £29,520.18 (2022: £80,978) from Avicam Homes Ltd and £100,184 (2022:NIL) from Technik Recruitment Ltd


The loan is interest-free and payable on demand.