Aviani Ltd
Registered number: 15033440
Statement of Financial Position
as at 31 July 2024
Notes 2024
£
Fixed assets
Tangible assets 3 511,300
511,300
Current assets
Cash at bank and in hand 12,701
12,701
Creditors: amounts falling due within one year 4 (516,790)
Net current liabilities (504,089)
Total assets less current liabilities 7,211
Net assets 7,211
Capital and reserves
Called up share capital 100
Profit and loss account 7,111
Shareholder's funds 7,211
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Patel
Director
Approved by the board on 16 April 2025
Aviani Ltd
Notes to the Accounts
for the period from 27 July 2023 to 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover 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.
Debtors
Short term debtors are measured at transaction 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.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Investment Property
Investment property is included at fair value. Gains and losses are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.
2 Employees and directors 2024
Number
Average number of directors and persons employed by the company 1
3 Tangible fixed assets
Invesment Property
£
Cost
Additions 511,300
At 31 July 2024 511,300
Depreciation
At 31 July 2024 -
Net book value
At 31 July 2024 511,300
4 Creditors: amounts falling due within one year 2024
£
Accruals 850
Corporation tax 1,668
Other creditors 514,272
516,790
5 Other information
Aviani Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Office 7
4th Floor Congress House
14 Lyon Road
Harrow
HA1 2EN
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