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REGISTERED NUMBER: 10639617 (England and Wales)















Unaudited Financial Statements for the Year Ended 26 February 2024

for

Avontrent Property Limited

Avontrent Property Limited (Registered number: 10639617)






Contents of the Financial Statements
for the Year Ended 26 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Avontrent Property Limited

Company Information
for the Year Ended 26 February 2024







DIRECTOR: Mr T O Koya





REGISTERED OFFICE: The Quadrant
Nuart Road
Nottingham
Nottinghamshire
NG9 2NH





REGISTERED NUMBER: 10639617 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Avontrent Property Limited (Registered number: 10639617)

Balance Sheet
26 February 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,268 1,698,912
Investment property 5 2,685,000 -
2,690,268 1,698,912

CURRENT ASSETS
Debtors 6 11,561 9,787
Cash at bank and in hand 3,146 93,055
14,707 102,842
CREDITORS
Amounts falling due within one year 7 443,546 335,720
NET CURRENT LIABILITIES (428,839 ) (232,878 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,261,429

1,466,034

CREDITORS
Amounts falling due after more than one
year

8

(1,696,475

)

(1,393,140

)

PROVISIONS FOR LIABILITIES (163,828 ) -
NET ASSETS 401,126 72,894

CAPITAL AND RESERVES
Called up share capital 9 1 1
Non distributable reserve 10 491,484 -
Retained earnings 10 (90,359 ) 72,893
SHAREHOLDERS' FUNDS 401,126 72,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 February 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.

Avontrent Property Limited (Registered number: 10639617)

Balance Sheet - continued
26 February 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





Mr T O Koya - Director


Avontrent Property Limited (Registered number: 10639617)

Notes to the Financial Statements
for the Year Ended 26 February 2024

1. STATUTORY INFORMATION

Avontrent Property 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 as modified by the revaluation of certain assets.

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 etc - 18% on reducing balance

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Avontrent Property Limited (Registered number: 10639617)

Notes to the Financial Statements - continued
for the Year Ended 26 February 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 27 February 2023 1,692,648 16,778 1,709,426
Additions - 160 160
Reclassification/transfer (1,692,648 ) - (1,692,648 )
At 26 February 2024 - 16,938 16,938
DEPRECIATION
At 27 February 2023 - 10,514 10,514
Charge for year - 1,156 1,156
At 26 February 2024 - 11,670 11,670
NET BOOK VALUE
At 26 February 2024 - 5,268 5,268
At 26 February 2023 1,692,648 6,264 1,698,912

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 337,041
Revaluations 655,311
Reclassification/transfer 1,692,648
At 26 February 2024 2,685,000
NET BOOK VALUE
At 26 February 2024 2,685,000

Fair value at 26 February 2024 is represented by:
£   
Valuation in 2024 655,312
Cost 2,029,688
2,685,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
as restated
£    £   
Cost 1,992,059 -

Investment property was valued on an open market basis on 26 February 2024 by the director .

Avontrent Property Limited (Registered number: 10639617)

Notes to the Financial Statements - continued
for the Year Ended 26 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors - 6,586
Other debtors 11,561 3,201
11,561 9,787

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 549 -
Trade creditors (560 ) -
Tax - 1,218
Other creditors 281,348 230,000
Directors' current accounts 161,009 103,542
Accrued expenses 1,200 960
443,546 335,720

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans - 1-2 years 738 -
Bank loans - 2-5 years 4,123 -
Bank loans more 5 yr by instal 275 6,093
Other loans more 5yrs non-inst 1,691,339 1,387,047
1,696,475 1,393,140

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 1,691,339 1,387,047

Repayable by instalments
Bank loans more 5 yr by instal 275 6,093

9. CALLED UP SHARE CAPITAL

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

Avontrent Property Limited (Registered number: 10639617)

Notes to the Financial Statements - continued
for the Year Ended 26 February 2024

10. RESERVES
Non
Retained distributable
earnings reserve Totals
£    £    £   

At 27 February 2023 72,893 - 72,893
Deficit for the year (126,252 ) (126,252 )
Dividends (37,000 ) (37,000 )
Revaluation - 491,484 491,484
At 26 February 2024 (90,359 ) 491,484 401,125

11. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided from companies with common directors and under common control amounted to £268,415 (2023: £230,000).