21 The Avenue Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 15331905

		31 December 2024
	Notes	£	£
FIXED ASSETS
Investment Properties	4		235,000

			235,000
CURRENT ASSETS
Debtors	5	872
Cash at bank and in hand		650

		1,522
Creditors: Amounts Falling Due Within One Year	6	(192,778 )

NET CURRENT ASSETS (LIABILITIES)			(191,256 )

TOTAL ASSETS LESS CURRENT LIABILITIES			43,744

NET ASSETS			43,744

CAPITAL AND RESERVES
Called up share capital	7		2
Profit and Loss Account			43,742

SHAREHOLDERS' FUNDS			43,744

For the period ending 31 December 2024 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Andrew Scott

Director

03/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

21 The Avenue Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15331905 . The registered office is Unit 200 Park Way, Worle, Weston-Super-Mare, England, BS22 6WA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in compliance with the Companies Act 2006 and in accordance with Financial Reporting Standard 102, Section 1A “The Financial Reporting Standard applicable in the UK and Republic of Ireland”.

The financial statements are prepared under the historical cost convention, as modified by the revaluation of investment properties to fair value.

2.2. Turnover

Turnover represents rental income receivable from investment property during the year, exclusive of value added tax. Rental income is recognised in the profit and loss account on a straight-line basis over the period of the lease.

Income is recognised only when the company’s right to consideration has become unconditional, normally when tenants are entitled to occupy the property under the terms of the lease agreement.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Financial Instruments

Financial liabilities, including borrowings, are initially recognised at the amount received, net of transaction costs. They are subsequently measured at amortised cost, with interest recognised in the profit and loss account on an accruals basis.

2.5. Taxation

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2

4. Investment Property

	31 December 2024
	£
Fair Value
As at 6 December 2023	-
Additions	186,381
Revaluations	48,619

As at 31 December 2024	235,000

The investment property was acquired during the period. At the reporting date it was revalued to fair value based on the directors’ best estimate, with the resulting unrealised gain recognised in the profit and loss account.

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21 The Avenue Ltd

Notes to the Financial Statements (continued)

For the Period 6 December 2023 to 31 December 2024

5. Debtors

	31 December 2024
	£
Due within one year
Trade debtors	650
Other debtors	222

	872

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024
	£
Other loans	192,128
Other creditors	650

	192,778

7. Share Capital

	31 December 2024
	£
Allotted, Called up and fully paid	2

8. Related Party Transactions

During the period the company received a loan from a company under common ownership. The loan is included within creditors at the balance sheet date.

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