Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseProperty investment33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13751478 2023-04-01 2024-03-31 13751478 2021-11-18 2023-03-31 13751478 2024-03-31 13751478 2023-03-31 13751478 c:Director1 2023-04-01 2024-03-31 13751478 d:PlantMachinery 2023-04-01 2024-03-31 13751478 d:PlantMachinery 2024-03-31 13751478 d:PlantMachinery 2023-03-31 13751478 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13751478 d:MotorVehicles 2023-04-01 2024-03-31 13751478 d:MotorVehicles 2024-03-31 13751478 d:MotorVehicles 2023-03-31 13751478 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13751478 d:FurnitureFittings 2023-04-01 2024-03-31 13751478 d:FurnitureFittings 2024-03-31 13751478 d:FurnitureFittings 2023-03-31 13751478 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13751478 d:OfficeEquipment 2023-04-01 2024-03-31 13751478 d:OfficeEquipment 2024-03-31 13751478 d:OfficeEquipment 2023-03-31 13751478 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13751478 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13751478 d:FreeholdInvestmentProperty 2024-03-31 13751478 d:FreeholdInvestmentProperty 2023-03-31 13751478 d:CurrentFinancialInstruments 2024-03-31 13751478 d:CurrentFinancialInstruments 2023-03-31 13751478 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13751478 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13751478 d:ShareCapital 2024-03-31 13751478 d:ShareCapital 2023-03-31 13751478 d:RetainedEarningsAccumulatedLosses 2024-03-31 13751478 d:RetainedEarningsAccumulatedLosses 2023-03-31 13751478 c:FRS102 2023-04-01 2024-03-31 13751478 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13751478 c:FullAccounts 2023-04-01 2024-03-31 13751478 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13751478 6 2023-04-01 2024-03-31 13751478 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13751478









AVA CAPITAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
AVA CAPITAL LIMITED
REGISTERED NUMBER: 13751478

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
173,258
101,136

Investments
 5 
79,388
78,388

Investment property
 6 
2,005,000
2,005,000

  
2,257,646
2,184,524

Current assets
  

Debtors: amounts falling due within one year
 7 
3,956,827
2,955,734

Cash at bank and in hand
 8 
1,388,690
1,532,057

  
5,345,517
4,487,791

Creditors: amounts falling due within one year
 9 
(3,342,325)
(2,200,077)

Net current assets
  
 
 
2,003,192
 
 
2,287,714

Total assets less current liabilities
  
4,260,838
4,472,238

Provisions for liabilities
  

Deferred tax
  
(158,493)
(158,493)

  
 
 
(158,493)
 
 
(158,493)

Net assets
  
4,102,345
4,313,745


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
4,102,145
4,313,545

  
4,102,345
4,313,745


Page 1

 
AVA CAPITAL LIMITED
REGISTERED NUMBER: 13751478
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 profit and loss account 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.




C A Sullivan
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
AVA CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Ava Capital Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 13751478. The address of the registered office is Hasler’s Hawke House, Old Station Road, Loughton, Essex, IG10 4PL. The principle activity of the company is the buying and selling of own real estate.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

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.

Page 3

 
AVA CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

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

 
AVA CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
20%
reducing balance
Office equipment
-
20%
reducing balance

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.

 
2.7

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss. 

 
2.8

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.9

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.10

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.

 
2.11

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.

Page 5

 
AVA CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.12

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.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees









The average monthly number of employees, including directors, during the period was 3 (2023 - 3).

Page 6

 
AVA CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
-
95,320
16,130
4,173
115,623


Additions
43,345
58,852
-
1,384
103,581



At 31 March 2024

43,345
154,172
16,130
5,557
219,204



Depreciation


At 1 April 2023
-
11,915
1,952
620
14,487


Charge for the period on owned assets
5,693
22,077
2,836
853
31,459



At 31 March 2024

5,693
33,992
4,788
1,473
45,946



Net book value



At 31 March 2024
37,652
120,180
11,342
4,084
173,258



At 31 March 2023
-
83,405
14,178
3,553
101,136


5.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Unlisted investments
Total

£
£
£
£



Cost or valuation


At 1 April 2023
-
201
78,187
78,388


Additions
1,000
-
-
1,000



At 31 March 2024
1,000
201
78,187
79,388




Page 7

 
AVA CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
2,005,000



At 31 March 2024
2,005,000

The 2024 valuations were made by the director, on an open market value for existing use basis.





7.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
1,866,547
-

Amounts owed by joint ventures and associated undertakings
1,863,373
2,896,847

Other debtors
226,907
58,887

3,956,827
2,955,734



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,388,690
1,532,057

1,388,690
1,532,057


Page 8

 
AVA CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
11,075
-

Other taxation and social security
4,884
1,596

Other creditors
3,295,822
2,172,216

Accruals and deferred income
30,544
26,265

3,342,325
2,200,077



10.


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 contributions payable by the Company to the fund and amounted to £Nil (2023: £563). No contributions were payable to the fund at the balance sheet date. 


11.


Related party transactions

During the year the shareholders loaned money to the company. At the year-end the amount due to the shareholders was £3,295,825 (2023: £2,172,217). 

 
Page 9