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AVENUE3 LIMITED

Registered Number
13040131
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

AVENUE3 LIMITED
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

BOTTOMLEY, Phillip Andrew
MCNAIR, Alexander Allan

Registered Address

W8a Knoll Business Centre
325-327 Old Shoreham Road
Hove
BN3 7GS

Registered Number

13040131 (England and Wales)
AVENUE3 LIMITED
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets419,77618,133
19,77618,133
Current assets
Debtors5127,580378,141
Current asset investments1,000,000-
Cash at bank and on hand391,774818,954
1,519,3541,197,095
Creditors amounts falling due within one year6(607,917)(330,939)
Net current assets (liabilities)911,437866,156
Total assets less current liabilities931,213884,289
Provisions for liabilities(1,879)-
Net assets929,334884,289
Capital and reserves
Called up share capital11
Profit and loss account929,333884,288
Shareholders' funds929,334884,289
The financial statements were approved and authorised for issue by the Board of Directors on 1 April 2025, and are signed on its behalf by:
BOTTOMLEY, Phillip Andrew
Director
MCNAIR, Alexander Allan
Director

Registered Company No. 13040131
AVENUE3 LIMITED
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Fixtures and fittings4
Office Equipment4
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.Average number of employees

20242023
Average number of employees during the year126
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax liability at the balance sheet date has been calculated using the applicable rate of 25% when the asset is expected to be realised. The nature of these timing differences is capital allowances compared to depreciation.
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 December 2325,726
Additions8,865
Disposals(2,015)
At 30 November 2432,576
Depreciation and impairment
At 01 December 237,593
Charge for year6,047
On disposals(840)
At 30 November 2412,800
Net book value
At 30 November 2419,776
At 30 November 2318,133
Depreciation is calculated on a straight-line basis with the useful life of four years applied for every asset included in these accounts.
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables118,293378,141
Prepayments and accrued income9,287-
Total127,580378,141
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables26,48219,312
Bank borrowings and overdrafts2,662123
Taxation and social security95,363311,504
Accrued liabilities and deferred income483,410-
Total607,917330,939