Registered number
10465466
Avis Capital Limited
Filleted Accounts
30 November 2023
Avis Capital Limited
Registered number: 10465466
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 128,166,038 128,166,038
Investments 690,874,193 690,874,193
819,040,231 819,040,231
Current assets
Debtors 3 48,133,044,418 48,133,044,418
Investments held as current assets 4 855,349,882 855,349,882
Cash at bank and in hand 24,404,296,829 24,404,296,829
73,392,691,129 73,392,691,129
Creditors: amounts falling due within one year 5 (16,056,475,889) (16,056,475,889)
Net current assets 57,336,215,240 57,336,215,240
Net assets 58,155,255,471 58,155,255,471
Capital and reserves
Called up share capital 10,000,000,000 10,000,000,000
Profit and loss account 48,155,255,471 48,155,255,471
Shareholders' funds 58,155,255,471 58,155,255,471
The directors are satisfied that for the year ended 30th November 2023 the company was entitled to exemption from the requirement to obtain an audit under section 480 of the Companies Act 2006 relating to dormant companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
__________________________
J R Chavez
Director
Approved by the board on 15 October 2024
Avis Capital Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Debtors 2023 2022
£ £
Trade debtors 38,133,044,418 38,133,044,418
Other debtors 10,000,000,000 10,000,000,000
48,133,044,418 48,133,044,418
4 Investments held as current assets 2023 2022
£ £
Fair value
Unlisted investments 855,349,882 855,349,882
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 53,478,147 53,478,147
Trade creditors 96,999,742 96,999,742
Other creditors 15,905,998,000 15,905,998,000
16,056,475,889 16,056,475,889
6 Other information
Avis Capital Limited is a private company limited by shares and incorporated in England. Its registered office is:
102 Acre Lane
London
SW2 5QN
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