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Company Registration No. 07636041 (England and Wales)
Avenir Works 2 Limited Unaudited accounts for the year ended 31 March 2024
Avenir Works 2 Limited Unaudited accounts Contents
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Avenir Works 2 Limited Company Information for the year ended 31 March 2024
Director
Aimar Natheer
Company Number
07636041 (England and Wales)
Registered Office
Shipleys Tax Chartered Accountants 33 Manor Row Bradford West Yorkshire BD1 4PS England
Accountants
Shipleys Tax - Chartered Accountants 32 Park Cross Street Leeds West Yorkshire LS1 2QH
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Avenir Works 2 Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
965,542 
1,815,055 
Cash at bank and in hand
13 
5 
965,555 
1,815,060 
Creditors: amounts falling due within one year
(55,745)
(133,424)
Net current assets
909,810 
1,681,636 
Net assets
909,810 
1,681,636 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
(769,715)
- 
Profit and loss account
1,679,425 
1,681,536 
Shareholders' funds
909,810 
1,681,636 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 May 2025 and were signed on its behalf by
Aimar Natheer Director Company Registration No. 07636041
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Avenir Works 2 Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Avenir Works 2 Limited is a private company, limited by shares, registered in England and Wales, registration number 07636041. The registered office is Shipleys Tax Chartered Accountants, 33 Manor Row, Bradford, West Yorkshire, BD1 4PS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods
Going concern
The financial statements have been prepared on a going concern basis. The directors have assessed the company's ability to continue operating for the foreseeable future, considering relevant factors such as current and expected financial performance, cash flow forecasts, and access to funding. Based on this assessment, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date of approval of the financial statements.
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Avenir Works 2 Limited Notes to the Accounts for the year ended 31 March 2024
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
31,620 
- 
Trade debtors
3,224 
3,012 
Amounts due from group undertakings etc.
930,598 
1,811,943 
Other debtors
100 
100 
965,542 
1,815,055 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
15,562 
1,500 
Amounts owed to group undertakings and other participating interests
9,971 
9,075 
Taxes and social security
28,212 
26,004 
Other creditors
- 
93,257 
Accruals
2,000 
3,588 
55,745 
133,424 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Transactions with related parties
Related party transactions At the balance sheet date the company owed £9,071 (2023 - £9075) to connected companies. At the balance sheet date the company was owed £930,598 (2023 - £1,811,943) by connected companies.
8
Controlling party
As at 31 March 2024, the immediate and ultimate parent company of Avenir Works 2 Limited is Avenir Works Group Limited, which holds 100% of the issued share capital of Avenir Works 2 Limited. Avenir Works 2 Limited has been wholly owned by Avenir Works Group Limited since its incorporation. As a result, Avenir Works Group Limited exercises full control over the company's strategic and operational decisions. Any transactions between Avenir Works 2 Limited and its controlling party, including related party transactions, are disclosed in accordance with applicable financial reporting standards.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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