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REGISTERED NUMBER: 11400990 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

AVATARA INC LTD

AVATARA INC LTD (REGISTERED NUMBER: 11400990)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AVATARA INC LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: Ms S Kalyan





SECRETARY: C Borkhatria





REGISTERED OFFICE: 39 Kingwell Road
Barnet
EN4 0HZ





REGISTERED NUMBER: 11400990 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

AVATARA INC LTD (REGISTERED NUMBER: 11400990)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,628 120,935
Investments 5 100 100
Investment property 6 10,000,000 9,548,246
10,140,728 9,669,281

CURRENT ASSETS
Debtors 7 235,496 440,121
Cash at bank 311,884 330,496
547,380 770,617
CREDITORS
Amounts falling due within one year 8 915,066 956,387
NET CURRENT LIABILITIES (367,686 ) (185,770 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,773,042

9,483,511

CREDITORS
Amounts falling due after more than one year 9 (2,483,900 ) (2,628,252 )

PROVISIONS FOR LIABILITIES (1,222,210 ) (1,114,182 )
NET ASSETS 6,066,932 5,741,077

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 12 3,666,631 3,342,547
Retained earnings 12 2,400,201 2,398,430
SHAREHOLDERS' FUNDS 6,066,932 5,741,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 28 August 2025 and were signed by:



Ms S Kalyan - Director


AVATARA INC LTD (REGISTERED NUMBER: 11400990)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Avatara Inc Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern
The financial statements have been prepared on a going concern basis notwithstanding the company's net current liabilities position as at the year end. The director of the company has provided with an undertaking that they will continue to support financially for the foreseeable future and that they will not seek repayment of the amounts currently owing to them in the twelve months from the date of signing the financial statements.

Turnover
Turnover represents rental income and is recognised on an accrual basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 10 years

Investment property
Investment property is measured at fair value at each reporting date with changes in fair value recognised in the profit or loss account.

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.

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.

Investment
Investment in the subsidiary is stated in the balance sheet at cost less impairment provision.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

AVATARA INC LTD (REGISTERED NUMBER: 11400990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 December 2023 134,056
Additions 34,781
At 30 November 2024 168,837
DEPRECIATION
At 1 December 2023 13,121
Charge for year 15,088
At 30 November 2024 28,209
NET BOOK VALUE
At 30 November 2024 140,628
At 30 November 2023 120,935

5. FIXED ASSET INVESTMENTS
Investment
in
Subsidiary
Compa ny
£   
COST
At 1 December 2023
and 30 November 2024 100
NET BOOK VALUE
At 30 November 2024 100
At 30 November 2023 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 9,548,246
Additions 19,642
Revaluations 432,112
At 30 November 2024 10,000,000
NET BOOK VALUE
At 30 November 2024 10,000,000
At 30 November 2023 9,548,246

AVATARA INC LTD (REGISTERED NUMBER: 11400990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

6. INVESTMENT PROPERTY - continued

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2019 1,138,464
Valuation in 2021 665,523
Valuation in 2022 442,982
Valuation in 2023 2,209,760
Valuation in 2024 432,112
Cost 5,111,159
10,000,000

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 82,852 51,658

Amounts falling due after more than one year:
Amounts owed by group undertakings 152,644 388,463

Aggregate amounts 235,496 440,121

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 453,600 108,612
Trade creditors 3,860 253
Taxation and social security 5,620 49,438
Other creditors 451,986 798,084
915,066 956,387

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 2,483,900 2,628,252

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans within 1 year 453,600 108,612

Amounts falling due between one and two years:
Bank loans - 1-2 years 439,275 1,707,419

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,044,625 920,833

AVATARA INC LTD (REGISTERED NUMBER: 11400990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,937,500 2,736,864

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2023 2,398,430 3,342,547 5,740,977
Profit for the year 325,855 325,855
Fair value reserve (324,084 ) 324,084 -
At 30 November 2024 2,400,201 3,666,631 6,066,832

13. RELATED PARTY DISCLOSURES

During the year, the rental income of £323,000 (2023: £275,813) has been received from Pebblestones Limited, its subsidiary company.

Included within debtors at the year end is £152,643 (2023: £388,463), an amount owed by Pebblestones Limited. The amount owed is unsecured and there are no specific terms to the repayment of this amount.

Included within creditors at the year end is £448,464 (2023: £795,088), an amount owed to the director of the company. The amount owed is unsecured and there are no specific terms to the repayment of this amount.