Avencura Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09727380

Avencura Limited

Filleted Unaudited Financial Statements

31 December 2024

Avencura Limited

Balance Sheet

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Investments	5		20,461	20,461

Current assets

Debtors	6	26,671	22,800
Cash at bank and in hand		14,905	23,251
		--------	--------
		41,576	46,051

Creditors: amounts falling due within one year	7	( 15,525)		( 20,905)
		--------		--------
Net current assets			26,051	25,146
			--------	--------
Total assets less current liabilities			46,512	45,607
			--------	--------
Net assets			46,512	45,607
			--------	--------

Capital and reserves

Called up share capital	8	2,000	2,000
Share premium account		29,000	29,000
Profit and loss account		15,512	14,607
		--------	--------
Shareholder funds		46,512	45,607
		--------	--------

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.

Directors' responsibilities:

- The member has 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 Act with respect to accounting records and the preparation of financial statements .

Avencura Limited

Balance Sheet (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 1 July 2025 , and are signed on behalf of the board by:

Mr S A Somji

Director

Company registration number: 09727380

Avencura Limited

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 5th Floor, Regina House, 124 Finchley Road, London, NW3 5HT, UK.

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. The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover represents fees earned and receivable for work done during the period.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investments

Investments in subsidiary undertakings are stated at cost less accumulated impairment losses.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

4. Employee numbers

The average number of persons employed by the company during the year was Nil.

5. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	20,461
	--------
Impairment
At 1 January 2024 and 31 December 2024	–
	--------

Carrying amount
At 31 December 2024	20,461
	--------
At 31 December 2023	20,461
	--------

6. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings	19,790	15,922
Prepayments and accrued income	131	128
Other debtors	6,750	6,750
	--------	--------
	26,671	22,800
	--------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Accruals and deferred income	1,212	1,182
Corporation tax	75	75
Other creditors	14,238	19,648
	--------	--------
	15,525	20,905
	--------	--------

8. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	2,000	2,000	2,000	2,000
	-------	-------	-------	-------

9. Related party transactions

The company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.