2024-01-012024-12-312024-12-31false098448173RD AVE. PROPERTIES 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3RD AVE. PROPERTIES LIMITED

Registered Number
09844817
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

3RD AVE. PROPERTIES LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

SAUNDERS, Adam
SAUNDERS, Fraya Morgan
SAUNDERS, Stanley Rye

Company Secretary

SAUNDERS, Ginny

Registered Address

The Milking Parlour Hurst Farm
Dairy Lane
Crockham Hill
TN8 6RA

Registered Number

09844817 (England and Wales)
3RD AVE. PROPERTIES LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

ASSETS
Fixed assets
Tangible assets412,87012,996
Investments51,409,0001,349,000
1,421,8701,361,996
Current assets
Debtors77,20219
Cash at bank and in hand74,673172,182
81,875172,201
81,875172,201
1,503,7451,534,197
CAPITAL, RESERVES AND LIABILITIES
Capital and reserves
Called up share capital200200
Profit and loss account394,222291,990
394,422292,190
Liabilities
Creditors amounts falling due within one year820,86314,947
Creditors amounts falling due after one year1,039,5511,189,551
Provisions for liabilities(48,909)(37,509)
1,503,7451,534,197
The financial statements were approved and authorised for issue by the Board of Directors on 13 June 2025, and are signed on its behalf by:
SAUNDERS, Adam
Director
Registered Company No. 09844817
3RD AVE. PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 31 December 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.
Turnover policy
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.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
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:

Reducing balance (%)
Plant and machinery25
Office Equipment25
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.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice 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.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year31
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 assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2413,505
At 31 December 2413,505
Depreciation and impairment
At 01 January 24509
Charge for year126
At 31 December 24635
Net book value
At 31 December 2412,870
At 31 December 2312,996
5.Fixed asset investments

Total

£
Cost or valuation
At 01 January 241,349,000
Revaluations60,000
At 31 December 241,409,000
Net book value
At 31 December 241,409,000
At 31 December 231,349,000
6.Revaluation of fixed asset investments
Investment properties have been revalued based on the report valuation via Zoopla.co.uk

2024

2023

££
Investments60,000(144,893)
7.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables7,139-
Other debtors6319
Total7,20219
8.Creditors: amounts due within one year

2024

2023

££
Taxation and social security16,83213,847
Other creditors3,031-
Accrued liabilities and deferred income1,0001,100
Total20,86314,947
9.Related party transactions
A loan has been advanced from Radical Exposure Limited a closed UK company with joint control. This loan is repayable as funds become available. The balance at the year end was £1,039,551 (2023: £1,189,551)