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AVENA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
Avena Holdings Limited is a private company limited by shares and incorporated in England and Wales, registration number 15245452. The registered office is 7 Rashs Green, Dereham, Norfolk, NR19 1JG.
2.Accounting policies
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Basis of preparation of financial statements
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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:
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 that result in the recognition of financial assets and liabilities like other debtors, creditors and loans from related parties.
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The average monthly number of employees, including directors, during the period was 1.
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