Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30Other letting and operating of own or leased real estate2023-07-01false66truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10353627 2023-07-01 2024-06-30 10353627 2022-07-01 2023-06-30 10353627 2024-06-30 10353627 2023-06-30 10353627 2022-07-01 10353627 c:Director2 2023-07-01 2024-06-30 10353627 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 10353627 d:Buildings d:ShortLeaseholdAssets 2024-06-30 10353627 d:Buildings d:ShortLeaseholdAssets 2023-06-30 10353627 d:FurnitureFittings 2023-07-01 2024-06-30 10353627 d:FurnitureFittings 2024-06-30 10353627 d:FurnitureFittings 2023-06-30 10353627 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10353627 d:ComputerEquipment 2023-07-01 2024-06-30 10353627 d:ComputerEquipment 2024-06-30 10353627 d:ComputerEquipment 2023-06-30 10353627 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10353627 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10353627 d:CurrentFinancialInstruments 2024-06-30 10353627 d:CurrentFinancialInstruments 2023-06-30 10353627 d:Non-currentFinancialInstruments 2024-06-30 10353627 d:Non-currentFinancialInstruments 2023-06-30 10353627 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 10353627 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10353627 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 10353627 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 10353627 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 10353627 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 10353627 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 10353627 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 10353627 d:ShareCapital 2024-06-30 10353627 d:ShareCapital 2023-06-30 10353627 d:ShareCapital 2022-07-01 10353627 d:SharePremium 2024-06-30 10353627 d:SharePremium 2023-06-30 10353627 d:SharePremium 2022-07-01 10353627 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 10353627 d:RetainedEarningsAccumulatedLosses 2024-06-30 10353627 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 10353627 d:RetainedEarningsAccumulatedLosses 2023-06-30 10353627 d:RetainedEarningsAccumulatedLosses 2022-07-01 10353627 c:FRS102 2023-07-01 2024-06-30 10353627 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10353627 c:FullAccounts 2023-07-01 2024-06-30 10353627 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10353627 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 10353627










AVENUE HQ LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
AVENUE HQ LIMITED
REGISTERED NUMBER: 10353627

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
211,775
239,461

  
211,775
239,461

Current assets
  

Debtors: amounts falling due within one year
 5 
1,051,931
956,502

Current asset investments
 6 
102
102

Cash at bank and in hand
 7 
1,823
2,663

  
1,053,856
959,267

Creditors: amounts falling due within one year
 8 
(2,942,722)
(2,302,622)

Net current liabilities
  
 
 
(1,888,866)
 
 
(1,343,355)

Total assets less current liabilities
  
(1,677,091)
(1,103,894)

Creditors: amounts falling due after more than one year
 9 
(1,288,275)
(1,331,014)

  

Net liabilities
  
(2,965,366)
(2,434,908)

Page 1

 
AVENUE HQ LIMITED
REGISTERED NUMBER: 10353627
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
372
372

Share premium account
  
149,760
149,760

Profit and loss account
  
(3,115,498)
(2,585,040)

  
(2,965,366)
(2,434,908)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 March 2025.




M.P. Kennedy
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
AVENUE HQ LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 July 2022
372
149,760
(2,054,769)
(1,904,637)


Comprehensive income for the year

Loss for the year
-
-
(530,271)
(530,271)



At 1 July 2023
372
149,760
(2,585,040)
(2,434,908)


Comprehensive income for the year

Loss for the year
-
-
(530,458)
(530,458)


At 30 June 2024
372
149,760
(3,115,498)
(2,965,366)


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
AVENUE HQ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (no.10353627). The address of the registered office is 17 Mann Island, Liverpool, L3 1BP.
These financial statements present information about the company as an individual undertaking. It is the parent company of a small group of companies; the company is not required to prepare consolidated accounts. The principal activity of the company is that of the management of flexible office and event venues.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
AVENUE HQ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
15 years
Fixtures and fittings
-
4 years
Computer equipment
-
3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

Page 5

 
AVENUE HQ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
396,671
9,352
11,924
417,947



At 30 June 2024

396,671
9,352
11,924
417,947



Depreciation


At 1 July 2023
158,668
9,352
10,465
178,485


Charge for the year on owned assets
26,445
-
1,242
27,687



At 30 June 2024

185,113
9,352
11,707
206,172



Net book value



At 30 June 2024
211,558
-
217
211,775



At 30 June 2023
238,003
-
1,458
239,461

Page 6

 
AVENUE HQ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
1,022,652
925,885

Other debtors
11,569
16,906

Prepayments and accrued income
17,710
13,711

1,051,931
956,502



6.


Current asset investments

2024
2023
£
£

Shares in group undertakings
102
102

102
102



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,823
2,663

1,823
2,663



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,098
9,815

Trade creditors
19,903
32,300

Amounts owed to group undertakings
2,893,357
2,251,651

Other taxation and social security
7,022
-

Other creditors
10,242
5,741

Accruals and deferred income
2,100
3,115

2,942,722
2,302,622


Page 7

 
AVENUE HQ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,974
19,256

Other loans
1,279,301
1,311,758

1,288,275
1,331,014



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,098
9,815


10,098
9,815

Amounts falling due 1-2 years

Bank loans
8,974
10,285

Other loans
1,279,301
1,311,758


1,288,275
1,322,043

Amounts falling due 2-5 years

Bank loans
-
8,972


-
8,972


1,298,373
1,340,830


Page 8

 
AVENUE HQ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents Company Contributions payable to the fund and amounted to £2,823 (2023: £2,934). Contributions totalling £457 (2023: £732), including Employee Contributions, were payable to the fund at the balance sheet date and are included in creditors.


12.


Related party transactions

The company has taken advantage of the exemption under paragraph 33.1A of FRS 102 and has not disclosed transactions with other wholly owned group companies.


13.


Controlling party

There is no ultimate controlling party.

 
Page 9