Registered number
02502245
Avahaven Limited
Filleted Accounts
31 August 2024
Avahaven Limited
Registered number: 02502245
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 261,310 290,533
Investments 4 730,000 988,700
991,310 1,279,233
Current assets
Debtors 5 93,766 101,042
Cash at bank and in hand 531,353 217,007
625,119 318,049
Creditors: amounts falling due within one year 6 (382,351) (362,196)
Net current assets/(liabilities) 242,768 (44,147)
Total assets less current liabilities 1,234,078 1,235,086
Creditors: amounts falling due after more than one year 7 (187,341) (217,489)
Provisions for liabilities (90,671) (90,671)
Net assets 956,066 926,926
Capital and reserves
Called up share capital 2,000 2,000
Revaluation reserve 8 131,565 131,565
Profit and loss account 822,501 793,361
Shareholders' funds 956,066 926,926
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 and delivered 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.
C Purvis
Director
Approved by the board on 30 January 2025
Avahaven Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 300,000 1,135,166 129,505 1,564,671
Additions - - 222 222
At 31 August 2024 300,000 1,135,166 129,727 1,564,893
Depreciation
At 1 September 2023 103,026 1,086,405 84,707 1,274,138
Charge for the year 6,000 12,190 11,255 29,445
At 31 August 2024 109,026 1,098,595 95,962 1,303,583
Net book value
At 31 August 2024 190,974 36,571 33,765 261,310
At 31 August 2023 196,974 48,761 44,798 290,533
4 Investments
Other
investments
£
Cost
At 1 September 2023 988,700
Disposals (258,700)
At 31 August 2024 730,000
The investments relate to leasehold properties, which generate rental income. The properties have been revalued by the directors based on their knowledge of the market. Gains and losses on investment properties are recognised within the income statement, and deferred taxation is provided in full. The addition relates to a joint venture project that may be retained or sold at the time of completion.
5 Debtors 2024 2023
£ £
Trade debtors 84,580 92,686
Other debtors 9,186 8,356
93,766 101,042
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,648 10,648
Trade creditors 87,110 52,369
Taxation and social security costs 28,006 41,164
Other creditors 256,587 258,015
382,351 362,196
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 187,341 217,489
8 Revaluation reserve 2024 2023
£ £
At 1 September 2023 131,565 131,565
At 31 August 2024 131,565 131,565
9 Other information
Avahaven Limited is a private company limited by shares and incorporated in England. Its registered office is:
Central House
124 High Street
Hampton Hill
Middlesex
TW12 1NS
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