Company registration number 12434046 (England and Wales)
AVALLO HOMES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
AVALLO HOMES LTD
COMPANY INFORMATION
Directors
Mr S N Burdett
Mr R M Harrison
Company number
12434046
Registered office
Unit 19 Westmoor Park Network Centre
Yorkshire Way
Armthorpe
Doncaster
South Yorkshire
DN3 3GW
Accountants
Brearley & Co Accountants Limited
39/43 Bridge Street
Swinton
Mexborough
South Yorkshire
S64 8AP
Bankers
Natwest Bank Plc
Leicester Customer Service Centre
11 Western Boulevard
Bede Island
Leicester
Leicestershire
LE2 7EJ
AVALLO HOMES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
AVALLO HOMES LTD
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
488,690
488,690
Current assets
Debtors
5
300
Cash at bank and in hand
3,539
8,043
3,839
8,043
Creditors: amounts falling due within one year
6
(506,062)
(505,661)
Net current liabilities
(502,223)
(497,618)
Net liabilities
(13,533)
(8,928)
Capital and reserves
Called up share capital
7
120
120
Profit and loss reserves
(13,653)
(9,048)
Total equity
(13,533)
(8,928)
For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 6 August 2025 and are signed on its behalf by:
Mr R M Harrison
Director
Company registration number 12434046 (England and Wales)
AVALLO HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -
1
Accounting policies
Company information
Avallo Homes Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 19 Westmoor Park Network Centre, Yorkshire Way, Armthorpe, Doncaster, South Yorkshire, DN3 3GW.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future
1.3
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
AVALLO HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
2
2
4
Investment property
2025
£
Fair value
At 1 February 2024 and 31 January 2025
488,690
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
300
Other Debtors of - £300 (2024 - £NIL) consist of prepayments of - £300 (2024- £NIL).
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
102
Other creditors
505,960
505,661
506,062
505,661
Other Creditors of - £505,960 (2024 - £505,661 ) consist of loans with associated companies - £505,000 (2024 - 505,000) and accruals - £960 (2024 - £661).
AVALLO HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of £1 each
60
60
60
60
Ordinary B Shares of £1 each
60
60
60
60
120
120
120
120