REGISTERED NUMBER: 13664897 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AVANBA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms M Moos

REGISTERED OFFICE:

Hyde Park House

5 Manfred Road

Putney

London

SW15 2RS

REGISTERED NUMBER:

13664897 (England and Wales)

AUDITORS:

Kings CAP Ltd

Statutory Auditor

4 Grovelands

Boundary Way

Hemel Hempstead

Hertfordshire

HP2 7TE

FIXED ASSETS

Intangible assets

4

383,517

161,081

Investments

5

1,691

1,691

385,208

162,772

CURRENT ASSETS

Debtors

6

125,879

1,247,252

Cash at bank and in hand

68,535

234,983

194,414

1,482,235

CREDITORS

Amounts falling due within one year

7

1,579,629

1,599,402

NET CURRENT LIABILITIES

(1,385,215

)

(117,167

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,000,007

)

45,605

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(1,000,107

)

45,505

SHAREHOLDERS' FUNDS

(1,000,007

)

45,605

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

Ms M Moos - Director

1.	STATUTORY INFORMATION

Avanba Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis which assumes that the company will continue to trade. Despite the company having net current liabilities the director is of the opinion that this is due to the company being in its infancy and expects positive cashflows from late 2024. The company has secured service agreements with customers generally for a minimum of twelve months and with these secured in place the director anticipates profits to be generated in the forthcoming year. If the company were unable to continue to trade adjustments would be made to reduce assets to their realisable amount and provide for any further liabilities that may arise.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets,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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2024

161,081

Additions

222,436

At 31 December 2024

383,517

NET BOOK VALUE

At 31 December 2024

383,517

At 31 December 2023

161,081

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1,691

NET BOOK VALUE

At 31 December 2024

1,691

At 31 December 2023

1,691

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

57,090

1,239,973

Other debtors

8,628

2,787

Tax

47,829

-

Value added tax

12,332

4,492

125,879

1,247,252

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

1,574,548

1,387,540

Taxation

-

47,829

Social security and other taxes

2,424

-

Other creditors

2,657

162,815

Accruals

-

1,218

1,579,629

1,599,402

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sara Brown (Senior Statutory Auditor)

for and on behalf of Kings CAP Ltd

10.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

11.	POST BALANCE SHEET EVENTS

Subsequent to the balance sheet date but before approval of the financial statements, conditions arose which has led to the Director to provide for a bad debt provision relating to one customer. This in turn may result in a substantial trade creditor balance to be waived however at the date of approving the financial statements the certainty of this is not confirmed and accordingly the liability has been provided in full.

12.	ULTIMATE CONTROLLING PARTY

The company has been controlled throughout the year by Reten Entertainment Ltd, the immediate parent undertaking. Reten Entertainment Ltd is a company incorporated in Cyprus at Office 4E, Christodoulou, Chatzipavlou, 199, Limassol, Cyprus, 3036.