AVON FREEHOLDS LIMITED

Company Registration Number:
07399653 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

AVON FREEHOLDS LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

AVON FREEHOLDS LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 15,916,316 16,449,243
Total fixed assets: 15,916,316 16,449,243
Current assets
Stocks: 0 0
Debtors: 4 1,565,791 733,212
Cash at bank and in hand: 81,133 113,903
Total current assets: 1,646,924 847,115
Creditors: amounts falling due within one year: 5 (4,961,216) (4,654,173)
Net current assets (liabilities): (3,314,292) (3,807,058)
Total assets less current liabilities: 12,602,024 12,642,185
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: (1,771,000) (1,472,000)
Total net assets (liabilities): 10,831,024 11,170,185
Capital and reserves
Called up share capital: 2 2
Share premium account: 0 0
Revaluation reserve:66,209,2617,191,768
Other reserves: 0 0
Profit and loss account: 4,621,761 3,978,415
Shareholders funds: 10,831,024 11,170,185

The notes form part of these financial statements

AVON FREEHOLDS LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 August 2024
and signed on behalf of the board by:

Name: I Moskovitz
Status: Director

The notes form part of these financial statements

AVON FREEHOLDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

AVON FREEHOLDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

AVON FREEHOLDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Fixed investments

5. INVESTMENT PROPERTIES Investment Properties Total £ £ Fair value At 01/11/2022 16,449,243 16,449,243 Additions 324,890 324,890 Disposals (857,817) (857,817) At 31/10/2023 15,916,316 15,916,316 In February 2013 the Company acquired the whole of the Issued, Allotted and Fully Paid Called up Share Capital of Property Property Limited incorporated in England & Wales under Company Registration Number 05990273. The wholly owned subsidiary has been dormant since its acquisition acting solely as Agent/Bare Trustee for the Company.

AVON FREEHOLDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

AVON FREEHOLDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 £ £ UK corporation tax 404,832 300,804 Other tax - 38,250 Other creditors 4,437,160 4,261,159 Accruals 119,224 53,960 4,961,216 4,654,173

AVON FREEHOLDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Revaluation reserve

2023
£
Balance at 01 November 2022 7,191,768
Surplus or deficit after revaluation (982,507)
Balance at 31 October 2023 6,209,261

AVON FREEHOLDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

7. Related party transactions

Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Interest free loan to related party
£
Balance at 01 November 2022 203,789
Balance at 31 October 2023 963,789
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Interest free loan to related party
£
Balance at 01 November 2022 842,510
Balance at 31 October 2023 103,462
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Interest free loan to related party
£
Balance at 01 November 2022 348,822
Balance at 31 October 2023 218,022
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Interest free loan from related party
£
Balance at 01 November 2022 17,538
Balance at 31 October 2023 753,480
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Interest free loan from related party
£
Balance at 01 November 2022 151,000
Balance at 31 October 2023 151,000
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Interest free loan from related party
£
Balance at 01 November 2022 168,000
Balance at 31 October 2023 168,000
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Interest free loan from related party
£
Balance at 01 November 2022 993,624
Balance at 31 October 2023 1,070,766

13. RELATED PARTY The company has granted a fixed charge over all of its properties as a security for a bank loan of £28m (2022: £28m) to its sister company, Avon Ground Rents Limited. The Company has received loans from (and made loans to) Related Parties which are under similar ownership and share the same Directors:, Full details of these are detailed below. All of those detailed are repayable on demand and are interest free except Triplerose Limited. £77,142 of interest (2022: £Nil) has been charged/passed on to the company by Triplerose Ltd