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REGISTERED NUMBER: 04477658 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

AVG PROPERTIES LIMITED

AVG PROPERTIES LIMITED (REGISTERED NUMBER: 04477658)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVG PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Ms A E Ashcroft
T D W Ashcroft
Ms G A Ashcroft
Ms V J Ashcroft





REGISTERED OFFICE: 35 Devonshire Road
Prenton
Wirral
CH43 4UP





REGISTERED NUMBER: 04477658 (England and Wales)





ACCOUNTANTS: Malthouse & Company Chartered Accountants
America House, Rumford Court
Rumford Place
Liverpool
Merseyside
L3 9DD

AVG PROPERTIES LIMITED (REGISTERED NUMBER: 04477658)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 20,000
Investment property 5 1,550,150 1,505,000
1,550,150 1,525,000

CURRENT ASSETS
Debtors 6 637,267 511,457
Cash at bank 137,544 152,132
774,811 663,589
CREDITORS
Amounts falling due within one year 7 787,015 680,179
NET CURRENT LIABILITIES (12,204 ) (16,590 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,537,946

1,508,410

PROVISIONS FOR LIABILITIES 190,626 133,067
NET ASSETS 1,347,320 1,375,343

AVG PROPERTIES LIMITED (REGISTERED NUMBER: 04477658)

BALANCE SHEET - continued
31 AUGUST 2024

31.8.24 31.8.23
as restated
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 472,999 472,999
Fair value reserve 8 571,878 567,286
Retained earnings 302,443 335,058
SHAREHOLDERS' FUNDS 1,347,320 1,375,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by:




T D W Ashcroft - Director Ms A E Ashcroft - Director




Ms G A Ashcroft - Director Ms V J Ashcroft - Director


AVG PROPERTIES LIMITED (REGISTERED NUMBER: 04477658)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

AVG Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business is being amortised evenly over its estimated useful life .

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Investment property
Investment property is shown at most recent valuation as per note 7. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


AVG PROPERTIES LIMITED (REGISTERED NUMBER: 04477658)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 30,000
AMORTISATION
At 1 September 2023 10,000
Charge for year 20,000
At 31 August 2024 30,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 20,000

AVG PROPERTIES LIMITED (REGISTERED NUMBER: 04477658)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 1,505,000
Revaluations 45,150
At 31 August 2024 1,550,150
NET BOOK VALUE
At 31 August 2024 1,550,150
At 31 August 2023 1,505,000

Investment properties were valued using market data by the director on 31 August 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
as restated
£    £   
Trade debtors - 10,000
Other debtors 637,267 501,457
637,267 511,457

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
as restated
£    £   
Bank loans and overdrafts 23,333 33,333
Trade creditors 1 -
Taxation and social security 36,500 35,075
Other creditors 727,181 611,771
787,015 680,179

AVG PROPERTIES LIMITED (REGISTERED NUMBER: 04477658)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. RESERVES
Fair
value
reserve
£   
At 1 September 2023 567,286
Fair value reserve 4,592

At 31 August 2024 571,878

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
as restated
£    £   
D Ashcroft
Balance outstanding at start of year 349,003 168,367
Amounts advanced 126,438 180,636
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 475,441 349,003