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REGISTERED NUMBER: 11666874 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

AVESTA DEVELOPMENT LIMITED

AVESTA DEVELOPMENT LIMITED (REGISTERED NUMBER: 11666874)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AVESTA DEVELOPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 November 2024







DIRECTOR: K Pourghadiri Isfahani





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 11666874 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

AVESTA DEVELOPMENT LIMITED (REGISTERED NUMBER: 11666874)

BALANCE SHEET
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 630 839

CURRENT ASSETS
Debtors 5 53,800 53,800

CREDITORS
Amounts falling due within one year 6 18,249 17,313
NET CURRENT ASSETS 35,551 36,487
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,181

37,326

CREDITORS
Amounts falling due after more than one
year

7

37,544

36,353
NET (LIABILITIES)/ASSETS (1,363 ) 973

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,463 ) 873
SHAREHOLDERS' FUNDS (1,363 ) 973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 2 April 2025 and were signed by:




K Pourghadiri Isfahani - Director


AVESTA DEVELOPMENT LIMITED (REGISTERED NUMBER: 11666874)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 November 2024

1. STATUTORY INFORMATION

Avesta Development Limited 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

AVESTA DEVELOPMENT LIMITED (REGISTERED NUMBER: 11666874)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 November 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2023
and 30 November 2024 2,653
DEPRECIATION
At 1 December 2023 1,814
Charge for year 209
At 30 November 2024 2,023
NET BOOK VALUE
At 30 November 2024 630
At 30 November 2023 839

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 53,800 53,800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 10,000 10,000
Other creditors 8,249 7,313
18,249 17,313

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 37,544 36,353