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Registration number: 05159292

Avenda Estates Limited

Unaudited Filleted Financial Statements

for the Period from 31 March 2023 to 28 September 2024

image-name
 

Avenda Estates Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Avenda Estates Limited

Company Information

Director

K Manoucheri

Registered office

Lloyds Bank House
Bellingham
Hexham
Northumberland
NE47 5AP

Accountants

TyneRede Accountancy Ltd
Chartered Certified Accountant
Lloyds Bank House
Bellingham
Hexham
Northumberland
NE47 5AP

 

Avenda Estates Limited

(Registration number: 05159292)
Balance Sheet as at 28 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,420,000

2,420,000

Current assets

 

Debtors

5

136,140

138,341

Cash at bank and in hand

 

-

1,897

 

136,140

140,238

Creditors: Amounts falling due within one year

6

(1,761,685)

(1,763,063)

Net current liabilities

 

(1,625,545)

(1,622,825)

Total assets less current liabilities

 

794,455

797,175

Provisions for liabilities

(142,561)

(142,561)

Net assets

 

651,894

654,614

Capital and reserves

 

Called up share capital

7

200

200

Revaluation reserve

750,320

750,320

Retained earnings

(98,626)

(95,906)

Shareholders' funds

 

651,894

654,614

For the financial period ending 28 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 June 2025
 

.........................................
K Manoucheri
Director

 

Avenda Estates Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 28 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Lloyds Bank House
Bellingham
Hexham
Northumberland
NE47 5AP
United Kingdom

These financial statements were authorised for issue by the director on 11 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Avenda Estates Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 28 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Land and Buildings

assessed periodically to see if there has been any change in its market value.

Plant and Equipment

20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Avenda Estates Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 28 September 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 31 March 2023

2,420,000

18,517

2,438,517

At 28 September 2024

2,420,000

18,517

2,438,517

Depreciation

At 31 March 2023

-

18,517

18,517

At 28 September 2024

-

18,517

18,517

Carrying amount

At 28 September 2024

2,420,000

-

2,420,000

At 30 March 2023

2,420,000

-

2,420,000

Included within the net book value of land and buildings above is £2,420,000 (2023 - £2,420,000) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade debtors

109,335

112,172

Other debtors

26,805

26,169

 

136,140

138,341

 

Avenda Estates Limited

Notes to the Unaudited Financial Statements for the Period from 31 March 2023 to 28 September 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

192

-

Taxation and social security

37,082

30,414

Accruals and deferred income

11,167

12,777

Other creditors

1,713,244

1,719,872

1,761,685

1,763,063

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

200

200

200

200

       

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2023 - £Nil).