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REGISTERED NUMBER: 10777419 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

AVF Developments (Orpington) Ltd

AVF Developments (Orpington) Ltd (Registered number: 10777419)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVF Developments (Orpington) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: A F Adil





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 10777419 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

AVF Developments (Orpington) Ltd (Registered number: 10777419)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 2,799,461 2,799,461

CURRENT ASSETS
Debtors 6 929,133 962,019
Cash at bank and in hand 773 7,428
929,906 969,447
CREDITORS
Amounts falling due within one year 7 977,499 976,348
NET CURRENT LIABILITIES (47,593 ) (6,901 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,751,868

2,792,560

CREDITORS
Amounts falling due after more than one year 8 2,935,000 2,955,000
NET LIABILITIES (183,132 ) (162,440 )

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 11 (183,142 ) (162,450 )
SHAREHOLDERS' FUNDS (183,132 ) (162,440 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

AVF Developments (Orpington) Ltd (Registered number: 10777419)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2025 and were signed by:





A F Adil - Director


AVF Developments (Orpington) Ltd (Registered number: 10777419)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

AVF Developments (Orpington) Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Going concern
The balance sheet shows net liabilities of £183,142 (2023 - £162,450). The director of AVF Developments (Orpington) Ltd has reasonable expectations that the company will be able to make sufficient profits to enable it to operate for the foreseeable future, in addition to the continued support and funding of the director and associated companies. These financial statements have therefore been prepared on a going concern basis.

AVF Developments (Orpington) Ltd (Registered number: 10777419)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 2,799,461
NET BOOK VALUE
At 31 March 2024 2,799,461
At 31 March 2023 2,799,461

The investment property is valued annually by the directors on an open market existing use basis.

The historical cost of the investment property amount to £2,799,461 (2023 - £2,799,461).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 929,133 962,019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 977,499 976,348

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 2,135,000 2,155,000
Other creditors 800,000 800,000
2,935,000 2,955,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 2,135,000 2,155,000

First legal mortgage charge over the freehold properties of AVF Developments (Orpington) Ltd.

AVF Developments (Orpington) Ltd (Registered number: 10777419)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
10 Ordinary £1 10 10

11. RESERVES
Retained
earnings
£   

At 1 April 2023 (162,450 )
Deficit for the year (20,692 )
At 31 March 2024 (183,142 )

12. RELATED PARTY DISCLOSURES

Mr A F Adil, the director of the company, is also the director of AVF London Holdings Ltd, AVF Construction Ltd, AVF Developments (Chislehurst) Ltd, AVF Developments (Crystal Palace) Ltd, AVF Developments (Bromley) Ltd, AVF Developments (Bourne Way) Ltd and AVF Developments (Greenwich) Ltd which are all registered in England.

Included within other debtors are loans due from related parties of £927,199 (2023 - £926,627). Included within other creditors are loans due to related parties of £943,644 (2023 - £945,541). These loans are interest free and are repayable on demand.