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Registered number: 12593210
Anavrinars Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12593210
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 623,253 659,081
623,253 659,081
CURRENT ASSETS
Cash at bank and in hand 115,396 109,252
115,396 109,252
Creditors: Amounts Falling Due Within One Year 5 (283,838 ) (277,165 )
NET CURRENT ASSETS (LIABILITIES) (168,442 ) (167,913 )
TOTAL ASSETS LESS CURRENT LIABILITIES 454,811 491,168
Creditors: Amounts Falling Due After More Than One Year 6 (414,006 ) (413,996 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,540 ) (17,311 )
NET ASSETS 30,265 59,861
CAPITAL AND RESERVES
Called up share capital 8 1 1
Fair value reserve 9 44,935 73,798
Profit and Loss Account (14,671 ) (13,938 )
SHAREHOLDERS' FUNDS 30,265 59,861
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Page 2
For the year ending 31 May 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
Ms Aikta-Reena Solanki
Director
25/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Anavrinars Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12593210 . The registered office is Office 15 Bramley House 2a, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.
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
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% on reducing balance basis
Computer Equipment 20% on reducing balance basis
2.4. Investment Properties
All Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 1)
3 1
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4. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 June 2023 657,000 2,313 625 659,938
Additions (366 ) 699 - 333
Revaluation (35,634 ) - - (35,634 )
As at 31 May 2024 621,000 3,012 625 624,637
Depreciation
As at 1 June 2023 - 679 178 857
Provided during the period - 438 89 527
As at 31 May 2024 - 1,117 267 1,384
Net Book Value
As at 31 May 2024 621,000 1,895 358 623,253
As at 1 June 2023 657,000 1,634 447 659,081
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 12 95
Directors' loan accounts 283,826 277,070
283,838 277,165
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 414,006 413,996
7. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
The below bank loans are secured on the investment properties. 
2024 2023
£ £
Bank loans and overdrafts 414,006 413,996
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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Page 5
9. Reserves
Fair Value Reserve
£
As at 1 June 2023 73,798
Transfer to profit and loss (28,863 )
As at 31 May 2024 44,935
10. Ultimate Controlling Party
The company's ultimate controlling party is Ms Aikta Solanki by virtue of her ownership of 100% of the issued share capital in the company.
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