Company Registration No. 12178780 (England and Wales)
AVALON HOMES LTD
Unaudited accounts
for the year ended 31 August 2024
AVALON HOMES LTD
Unaudited accounts
Contents
AVALON HOMES LTD
Company Information
for the year ended 31 August 2024
Directors
Warren Matthew Davison Wood
James Kieron Baker
Company Number
12178780 (England and Wales)
Registered Office
66 LIONS LANE
ASHLEY HEATH
RINGWOOD
BH24 2HN
ENGLAND
Accountants
JSM Partners
Brightfield Business Hub
Bakewell Road
Peterborough
Cambridgeshire
PE2 6XU
AVALON HOMES LTD
Statement of financial position
as at 31 August 2024
Tangible assets
67,578
13,295
Investment property
2,489,583
2,007,718
Cash at bank and in hand
90,927
92,552
Creditors: amounts falling due within one year
(1,114,006)
(989,353)
Net current liabilities
(1,013,529)
(894,026)
Total assets less current liabilities
1,782,216
1,126,987
Creditors: amounts falling due after more than one year
(1,709,730)
(843,581)
Provisions for liabilities
Deferred tax
(255,466)
(200,592)
Net (liabilities)/assets
(182,980)
82,814
Called up share capital
2
2
Profit and loss account
(182,982)
82,812
Shareholders' funds
(182,980)
82,814
For the year ending 31 August 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by
Warren Matthew Davison Wood
Director
Company Registration No. 12178780
AVALON HOMES LTD
Notes to the Accounts
for the year ended 31 August 2024
AVALON HOMES LTD is a private company, limited by shares, registered in England and Wales, registration number 12178780. The registered office is 66 LIONS LANE, ASHLEY HEATH, RINGWOOD, BH24 2HN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
25%
AVALON HOMES LTD
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
-
18,323
200
18,523
Additions
49,500
8,275
-
57,775
At 31 August 2024
49,500
26,598
200
76,298
At 1 September 2023
-
5,226
2
5,228
Charge for the year
2,882
560
50
3,492
At 31 August 2024
2,882
5,786
52
8,720
At 31 August 2024
46,618
20,812
148
67,578
At 31 August 2023
-
13,097
198
13,295
Fair value at 1 September 2023
2,007,718
At 31 August 2024
2,489,583
6
Investments
Subsidiary undertakings
Valuation at 1 September 2023
-
Fair value adjustments
238,584
Valuation at 31 August 2024
238,584
Amounts falling due within one year
Accrued income and prepayments
500
-
8
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,231
(734)
Other creditors
257,881
240,002
Loans from directors
854,894
750,085
AVALON HOMES LTD
Notes to the Accounts
for the year ended 31 August 2024
9
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,569,690
688,541
Other creditors
140,040
155,040
During the year loans totalling £854,894 were received from the directors. These remain outstanding at the year end and interest has been charged.
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).