Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31truefalse12023-05-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false0No description of principal activityfalse 14903747 2023-05-29 14903747 2023-05-30 2024-05-31 14903747 2022-05-30 2023-05-29 14903747 2024-05-31 14903747 c:Director1 2023-05-30 2024-05-31 14903747 d:LeaseholdInvestmentProperty 2023-05-30 2024-05-31 14903747 d:LeaseholdInvestmentProperty 2024-05-31 14903747 d:CurrentFinancialInstruments 2024-05-31 14903747 d:Non-currentFinancialInstruments 2024-05-31 14903747 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14903747 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 14903747 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 14903747 d:ShareCapital 2023-05-30 2024-05-31 14903747 d:ShareCapital 2024-05-31 14903747 d:RetainedEarningsAccumulatedLosses 2023-05-30 2024-05-31 14903747 d:RetainedEarningsAccumulatedLosses 2024-05-31 14903747 c:FRS102 2023-05-30 2024-05-31 14903747 c:AuditExempt-NoAccountantsReport 2023-05-30 2024-05-31 14903747 c:FullAccounts 2023-05-30 2024-05-31 14903747 c:PrivateLimitedCompanyLtd 2023-05-30 2024-05-31 14903747 e:PoundSterling 2023-05-30 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 14903747









AVA CAPITAL (LUTON) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2024

 
AVA CAPITAL (LUTON) LIMITED
REGISTERED NUMBER: 14903747

BALANCE SHEET
AS AT 31 MAY 2024

2024
2024
Note
£
£

Fixed assets
  

Investment property
 4 
4,140,350

  
4,140,350

Current assets
  

Debtors: amounts falling due after more than one year
 5 
95,550

  
95,550

Creditors: amounts falling due within one year
 6 
(1,662,730)

Net current (liabilities)/assets
  
 
 
(1,567,180)

Total assets less current liabilities
  
2,573,170

Creditors: amounts falling due after more than one year
 7 
(2,600,000)

  

Net (liabilities)/assets
  
(26,830)


Capital and reserves
  

Called up share capital 
  
1,000

Profit and loss account
  
(27,830)

  
(26,830)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 June 2025.

C A Sullivan
Director

Page 1

 
AVA CAPITAL (LUTON) LIMITED
REGISTERED NUMBER: 14903747
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
AVA CAPITAL (LUTON) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MAY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Loss for the period
-
(27,830)
(27,830)
Total comprehensive income for the period
-
(27,830)
(27,830)


Contributions by and distributions to owners

Shares issued during the period
1,000
-
1,000


Total transactions with owners
1,000
-
1,000


At 31 May 2024
1,000
(27,830)
(26,830)

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
AVA CAPITAL (LUTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

AVA Capital (Luton) Limited is a private company, limited by shares in England and Wales, with a registration number 14903747. The address of the registered office is Haslers Hawke House, Old Station Road, Loughton, Essex, IG10 4PL. The principal activity of the company is residential property rental. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4

 
AVA CAPITAL (LUTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Investment property


Long term leasehold investment property

£



Valuation


Additions at cost
4,140,350



At 31 May 2024
4,140,350

The 2024 valuations were made by the director, on an open market value for existing use basis.





5.


Debtors

2024
£

Due after more than one year

Other debtors
95,550

95,550


Page 5

 
AVA CAPITAL (LUTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
3,974

Amounts owed to group undertakings
1,633,670

Accruals and deferred income
25,086

1,662,730



7.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
2,600,000

2,600,000


The following liabilities were secured:

2024
£



Bank loan
2,600,000

2,600,000

Details of security provided:

The loan is secured via a legal fixed charge over the investment property held by the Company.  

Page 6

 
AVA CAPITAL (LUTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
£



Amounts falling due 2-5 years

Bank loans
2,600,000


2,600,000


2,600,000



9.


Related party transactions

At the period end, the following was due to related parties: 


2024
£

AVA Capital Limited
1,633,670
1,633,670


10.


Controlling party

The parent company is AVA Capital Limited, a company incorporated in England and Wales. The ultimate controlling party is C Sullivan, via his majority shareholding in the parent company. 

 
Page 7