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Registered number: 13872865
The Avenue Malvern Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13872865
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,291,280 -
Investments 5 618,075 -
1,909,355 -
CURRENT ASSETS
Debtors 6 24,874 1,000
Cash at bank and in hand 1,802 -
26,676 1,000
Creditors: Amounts Falling Due Within One Year 7 (73,352 ) (7,448 )
NET CURRENT ASSETS (LIABILITIES) (46,676 ) (6,448 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,862,679 (6,448 )
Creditors: Amounts Falling Due After More Than One Year 8 (1,890,554 ) -
NET LIABILITIES (27,875 ) (6,448 )
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account (28,875 ) (7,448 )
SHAREHOLDERS' FUNDS (27,875) (6,448)
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A H Nurmohamed
Director
Mr M A Virani
Director
28/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Avenue Malvern Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13872865 . The registered office is Office No 1 Ickenham House, 2-4 High Road, Ickenham, Uxbridge, UB10 8LJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Although the Companies Act requires the systematic annual depreciation of fixed assets, the directors believe that the policy of not applying depreciation provides a true and fair view of the financial statements. The reason for this approach is that the property’s market value and any changes therein are more relevant than a standardized depreciation charge.
The freehold property is subject to an annual valuation, which considers various factors, including market conditions and property-specific attributes. Since depreciation is only one element within the valuation process, its impact cannot be separately identified or quantified.
The directors regularly review this policy to ensure it remains appropriate and in line with the Company’s financial reporting requirements.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 February 2023 -
Additions 1,291,280
As at 31 January 2024 1,291,280
Net Book Value
As at 31 January 2024 1,291,280
As at 1 February 2023 -
Page 3
Page 4
5. Investments
Other
£
Cost
As at 1 February 2023 -
Additions 618,075
As at 31 January 2024 618,075
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 618,075
As at 1 February 2023 -
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 24,874 1,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 72,152 -
Other creditors 1,200 7,448
73,352 7,448
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,116,414 -
Other creditors 774,140 -
1,890,554 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Related Party Transactions
At the start of the year the company was owed £7,098 by its shareholders. During the year £767,042 was advanced by the shareholders. As at the end of the year the company owed £774,140 by its shareholders.
There is no formal loan agreemen in place, and the amounts owed are unsecured and do not bear interest.
11. Controlling Party
The company does not have an ultimate controlling party as ownership is equally divided among its shareholders.
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12. Transition to FRS 102
These are the first financial statements prepared under FRS 102. Previously, the financial statements were prepared in accordance with FRS 105. As a result, certain accounting policies and disclosures have been revised to comply with the new standard.
Page 5