2023-04-012024-03-312024-03-31false11556364AVANTI PROPERTY 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AVANTI PROPERTY LTD

Registered Number
11556364
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

AVANTI PROPERTY LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

NORRINGTON, David Paul Phillip Peter
NORRINGTON, Francesca Maria

Registered Address

28 Beeches Walk
Carshalton Beeches
SM5 4JT

Registered Number

11556364 (England and Wales)
AVANTI PROPERTY LTD
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property41,675,8011,616,024
1,675,8011,616,024
Current assets
Debtors51,0461,293
Cash at bank and on hand16,29022,208
17,33623,501
Creditors amounts falling due within one year6(312,588)(247,655)
Net current assets (liabilities)(295,252)(224,154)
Total assets less current liabilities1,380,5491,391,870
Creditors amounts falling due after one year7(827,548)(827,865)
Provisions for liabilities9(123,880)(123,880)
Net assets429,121440,125
Capital and reserves
Called up share capital100100
Revaluation reserve528,123528,123
Profit and loss account(99,102)(88,098)
Shareholders' funds429,121440,125
The financial statements were approved and authorised for issue by the Board of Directors on 19 November 2024, and are signed on its behalf by:
NORRINGTON, David Paul Phillip Peter
Director
NORRINGTON, Francesca Maria
Director

Registered Company No. 11556364
AVANTI PROPERTY LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
2.Average number of employees

20242023
Average number of employees during the year22
3.Further information regarding the company's income
The company has charges with Barclays Security Trustee Limited.
4.Investment property
The fair value of the following investment properties has been arrived at on the basis of the Directors market valuation.

£
Fair value at 01 April 231,616,024
Additions59,777
At 31 March 241,675,801
5.Debtors: amounts due within one year

2024

2023

££
Other debtors1,0461,293
Total1,0461,293
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,37611,764
Other creditors311,212235,891
Total312,588247,655
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts827,548827,865
Total827,548827,865
8.Creditors: amounts due after 5 years
Repayable otherwise than by installments Bank Loans more 5yrs non - inst £827,548 (2024), £827,865 (2023)
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)123,880123,880
Total123,880123,880
10.Further information regarding the company's financial position
The company has charges with Barclays Security Trustee Limited.