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REGISTERED NUMBER: 08912453 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

AVM LOGISTICS HOLDINGS LIMITED

AVM LOGISTICS HOLDINGS LIMITED (REGISTERED NUMBER: 08912453)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVM LOGISTICS HOLDINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: C A J Perry





REGISTERED OFFICE: Freedom House
Rutherford Way
Cheltenham
Gloucestershire
GL51 9TU





REGISTERED NUMBER: 08912453 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

AVM LOGISTICS HOLDINGS LIMITED (REGISTERED NUMBER: 08912453)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 100 100
Investment property 5 3,800,000 3,250,000
3,800,100 3,250,100

CURRENT ASSETS
Debtors 6 48,156 -
Cash at bank 7,244 47,773
55,400 47,773
CREDITORS
Amounts falling due within one year 7 (824,981 ) (1,356,739 )
NET CURRENT LIABILITIES (769,581 ) (1,308,966 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,030,519

1,941,134

CREDITORS
Amounts falling due after more than one
year

8

(1,696,430

)

(1,828,209

)

PROVISIONS FOR LIABILITIES (135,953 ) (20,793 )
NET ASSETS 1,198,136 92,132

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 545,591 88,644
Retained earnings 11 652,445 3,388
SHAREHOLDERS' FUNDS 1,198,136 92,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

AVM LOGISTICS HOLDINGS LIMITED (REGISTERED NUMBER: 08912453)

BALANCE SHEET - continued
31 January 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





C A J Perry - Director


AVM LOGISTICS HOLDINGS LIMITED (REGISTERED NUMBER: 08912453)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Avm Logistics Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Significant judgements and estimates
The significant judgements and estimations used in preparing the financial statements are: investment property valuations and deferred tax provisions.

Investments in subsidiaries
Investment in subsidiaries are initially measured at cost and subsequently measured at cost less any impairment losses.

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 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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

AVM LOGISTICS HOLDINGS LIMITED (REGISTERED NUMBER: 08912453)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 100
NET BOOK VALUE
At 31 January 2024 100
At 31 January 2023 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 3,250,000
Additions 93,053
Revaluations 456,947
At 31 January 2024 3,800,000
NET BOOK VALUE
At 31 January 2024 3,800,000
At 31 January 2023 3,250,000

Investment property has been included in the financial statements at open market value, as assessed by the director.

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 456,946
Valuation in 2022 88,644
Cost 3,254,410
3,800,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 48,156 -

AVM LOGISTICS HOLDINGS LIMITED (REGISTERED NUMBER: 08912453)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 243,667 233,472
Amounts owed to group undertakings 434,920 979,025
Taxation and social security 5,974 10,000
Other creditors 140,420 134,242
824,981 1,356,739

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,696,430 1,828,209

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 721,762 894,321

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,940,097 2,061,681

Bank loans are secured by a fixed and floating charge over the assets fo the company. Investment property is pledged as security for the bank facilities.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

AVM LOGISTICS HOLDINGS LIMITED (REGISTERED NUMBER: 08912453)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2023 3,388 88,644 92,032
Profit for the year 713,697 713,697
Dividends (64,640 ) (64,640 )
Revaluation in the year - 456,947 456,947
At 31 January 2024 652,445 545,591 1,198,036

The company has recognised the following reserves:

Retained earnings - accumulated profits and losses, less dividends.

Revaluation reserve - accumulated investment property gains and losses, which are not distributable.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £64,640 were paid to the director .

The director has provided the bank with a personal guarantee amounting to £100,000 (2023 - £100,000).