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COMPANY REGISTRATION NUMBER: 09543512

Avocado Gardens Property Ltd

Filleted Unaudited Financial Statements

31 December 2024

Avocado Gardens Property Ltd

Statement of Financial Position

31 December 2024

| 2024 | 2023
Note | £ | £ | £

Fixed assets

Tangible assets | 4 |  | 965,000 | 965,000

Current assets

Debtors | 5 | 1,950 |  | –
Cash at bank and in hand | 42,638 |  | 7,891
| -------- |  | -------
| 44,588 |  | 7,891

Creditors: amounts falling due within one year | 6 | 56,221 |  | 54,307
| -------- |  | --------
Net current liabilities |  | 11,633 | 46,416
|  | --------- | ---------
Total assets less current liabilities |  | 953,367 | 918,584

Provisions

Taxation including deferred tax |  | 19,816 | 19,816
|  | --------- | ---------
Net assets |  | 933,551 | 898,768
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 1 | 1
Revaluation reserve |  | 118,687 | 118,687
Profit and loss account |  | 814,863 | 780,080
|  | --------- | ---------
Shareholders funds |  | 933,551 | 898,768
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Avocado Gardens Property Ltd

Statement of Financial Position (continued)

31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 22 August 2025 , and are signed on behalf of the board by:

Mr S Khan |
Director |

Company registration number: 09543512

Avocado Gardens Property Ltd

Notes to the Financial Statements

Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Redbridge Lane East, Ilford, IG4 5ET.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents rent receivable. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Rental income is recognised on an accrual basis in accordance with the substance of the relevant agreement.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is carried at fair value determined annually by the director 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. Changes in fair value are recognised in the Statement of Comprehensive Income.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Tangible assets

| Land and buildings
| £
Cost |
At 1 January 2024 and 31 December 2024 | 965,000
| ---------
Depreciation |
At 1 January 2024 and 31 December 2024 | –
| ---------
Carrying amount |
At 31 December 2024 | 965,000
| ---------
At 31 December 2023 | 965,000
| ---------

The company's investment properties were revalued on a fair value basis by the director on 31 December 2024.
5. Debtors

| 2024 | 2023
| £ | £
Other debtors | 1,950 | –
| ------- | ----

6. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Due to associated companies | 25,370 | 25,370
Other creditors | 30,851 | 28,937
| -------- | --------
| 56,221 | 54,307
| -------- | --------

7. Related party transactions
Creditors falling due within one year include £12,250 (2023 £12,250) due to director and £25,370 (2023 £25,370) owing to associated companies where Mr S Khan is a shareholder and director.