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REGISTERED NUMBER: 01779535 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

AVON ASSOCIATES (PROPERTIES) LIMITED

AVON ASSOCIATES (PROPERTIES) LIMITED (REGISTERED NUMBER: 01779535)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AVON ASSOCIATES (PROPERTIES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: K J Smith





REGISTERED OFFICE: 21 High Street
Keynsham
Bristol
BS31 1DP





REGISTERED NUMBER: 01779535 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

AVON ASSOCIATES (PROPERTIES) LIMITED (REGISTERED NUMBER: 01779535)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £ £
FIXED ASSETS
Property, plant and equipment 4 30,255 39,296
Investment property 5 1,555,486 1,555,486
1,585,741 1,594,782

CURRENT ASSETS
Debtors 6 1,415 200
Cash at bank 320,299 235,452
321,714 235,652
CREDITORS
Amounts falling due within one year 7 (82,630 ) (76,956 )
NET CURRENT ASSETS 239,084 158,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,824,825

1,753,478

CREDITORS
Amounts falling due after more than one
year

8

(32,428

)

(41,602

)

PROVISIONS FOR LIABILITIES (7,564 ) (9,824 )
NET ASSETS 1,784,833 1,702,052

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 9 106,725 134,837
Retained earnings 1,677,908 1,567,015
SHAREHOLDERS' FUNDS 1,784,833 1,702,052

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

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

AVON ASSOCIATES (PROPERTIES) LIMITED (REGISTERED NUMBER: 01779535)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2024 and were signed by:





K J Smith - Director


AVON ASSOCIATES (PROPERTIES) LIMITED (REGISTERED NUMBER: 01779535)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Avon Associates (Properties) 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
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Properties held for their investment potential, with any income being negotiated at arm's length, are not subject to periodic charges of depreciation. They are included in the statement of financial position at their fair value. Changes in their value are charged to the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

AVON ASSOCIATES (PROPERTIES) LIMITED (REGISTERED NUMBER: 01779535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 September 2023 7,352 69,859 - 77,211
Additions - - 1,175 1,175
At 31 August 2024 7,352 69,859 1,175 78,386
DEPRECIATION
At 1 September 2023 7,352 30,563 - 37,915
Charge for year - 9,824 392 10,216
At 31 August 2024 7,352 40,387 392 48,131
NET BOOK VALUE
At 31 August 2024 - 29,472 783 30,255
At 31 August 2023 - 39,296 - 39,296

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 September 2023
and 31 August 2024 69,859
DEPRECIATION
At 1 September 2023 30,563
Charge for year 9,824
At 31 August 2024 40,387
NET BOOK VALUE
At 31 August 2024 29,472
At 31 August 2023 39,296

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,555,486
NET BOOK VALUE
At 31 August 2024 1,555,486
At 31 August 2023 1,555,486

Investment properties were valued by the director on a market value basis at 31 August 2024 in accordance with note 2.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 1,415 200

AVON ASSOCIATES (PROPERTIES) LIMITED (REGISTERED NUMBER: 01779535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 9,174 9,174
Taxation and social security 36,604 30,688
Other creditors 36,852 37,094
82,630 76,956

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Hire purchase contracts 32,428 41,602

9. RESERVES
Revaluation
reserve
£
At 1 September 2023 134,837
Transfer to retained earnings (28,112 )

At 31 August 2024 106,725