AVONPARK PROPERTIES LIMITED - Filleted accounts

Registered number

03172852

AVONPARK PROPERTIES LIMITED

Unaudited Filleted Accounts

31 March 2025

Khan Adamson Limited

Chartered Accountant

Chelworth Industrial Estate

Cricklade

Swindon

Wiltshire

SN6 6HE

AVONPARK PROPERTIES LIMITED
Registered number:		03172852
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		4,104			5,130
Investments	4		1,716,380			1,716,380
			1,720,484			1,721,510

Current assets
Cash at bank and in hand		13,205			10,424

Creditors: amounts falling due within one year	5	(162,762)			(150,509)

Net current liabilities			(149,557)			(140,085)

Total assets less current liabilities			1,570,927			1,581,425


Provisions for liabilities			(122,383)			(122,383)


Net assets			1,448,544			1,459,042

Capital and reserves
Called up share capital			100			100
Profit and loss account			1,448,444			1,458,942

Shareholders' funds			1,448,544			1,459,042

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Richie Donnelly
Director
Approved by the board on 3 September 2025

AVONPARK PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles	20% reducing balance

	Investment property
	Investment property is carried at fair value determined annually by the directors. No depreciation is provided. Changes in fair value are recognised in profit and loss.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		4		4


3	Tangible fixed assets
					Motor vehicles
£
	Cost
	At 1 April 2024				12,525
	At 31 March 2025				12,525

	Depreciation
	At 1 April 2024				7,395
	Charge for the year				1,026
	At 31 March 2025				8,421

	Net book value
	At 31 March 2025				4,104
	At 31 March 2024				5,130


4	Investment property
Freehold
investment
property
£
	Cost
	At 1 April 2024				1,716,380

	At 31 March 2025				1,716,380

	Investment property - The 2025 valuations were made by the directors, on an open market value for existing use basis.


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Taxation and social security costs		3,484		5,091
	Directors' account		154,778		141,068
	Other creditors		4,500		4,350
			162,762		150,509


6	Other information

	AVONPARK PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	7 Osprey Close
	Swindon
	Wiltshire
	SN3 5DW