AVANTI COMMERCIAL PROPERTIES LTD


Director	ATWAL, Harjinder Singh


Registered Address	108/1 George Street
	Edinburgh
	EH2 4LH


Registered Number	SC489862 (Scotland)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Investment property	3		1,088,500		-
			1,088,500		-
Current assets
Debtors	4	3,442,521		100
Cash at bank and on hand		100,519		-
		3,543,040		100
Creditors amounts falling due within one year	5	(89,660)		-
Net current assets (liabilities)			3,453,380		100
Total assets less current liabilities			4,541,880		100
Creditors amounts falling due after one year	6		(4,867,996)		-
Net assets			(326,116)		100
Capital and reserves
Called up share capital			100		100
Profit and loss account			(326,216)		-
Shareholders' funds			(326,116)		100

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 27 August 2025, and are signed on its behalf by:

ATWAL, Harjinder Singh
Director
Registered Company No. SC489862

AVANTI COMMERCIAL PROPERTIES LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

	Financial instruments
	Valuation of financial instruments policy 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, which include debtors and cash and bank balances, 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. Basic financial liabilities Basic financial liabilities, including creditors 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.

Financial instruments

Valuation of financial instruments policy
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, which include debtors and cash and bank balances, 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.

Basic financial liabilities
Basic financial liabilities, including creditors 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.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		1

3.	Investment property


		£
	Additions	1,088,500
	At 31 December 24	1,088,500

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Amounts owed by group undertakings	1,149,756	-
Other debtors	2,284,016	100
Prepayments and accrued income	8,749	-
Total	3,442,521	100

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	61,566	-
Taxation and social security	1	-
Other creditors	26,389	-
Accrued liabilities and deferred income	1,704	-
Total	89,660	-

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Other creditors	4,867,996	-
Total	4,867,996	-


	As at 31 December 2024, other loans had an outstanding balance of £4,867,996 (2023: £Nil). The above loan is secured by fixed and floating charge over the assets of the company, it’s parent company and related entities.

7.	Related party transactions
	Included in other debtors falling due within one year are due from companies connected to the director. HWS Edinburgh Ltd £1,787,352 (2023:Nil); and H&N Holdings Ltd £484,466(2023:Nil). During the year, the company recharged interest costs amounting to £61,339(2023: Nil) HWS Edinburgh Ltd companies connected to the director. Included in other creditors falling due within one year is £20,000(2023: Nil) due to Hadplaid Ltd, a company connected to the director, H Atwal. Included in other creditors falling due within one year is £6,389(2023: Nil) amount due to the director, H Atwal.

Related party transactions

Included in other debtors falling due within one year are due from companies connected to the director. HWS Edinburgh Ltd £1,787,352 (2023:Nil); and H&N Holdings Ltd £484,466(2023:Nil).

During the year, the company recharged interest costs amounting to £61,339(2023: Nil) HWS Edinburgh Ltd companies connected to the director.

Included in other creditors falling due within one year is £20,000(2023: Nil) due to Hadplaid Ltd, a company connected to the director, H Atwal.

Included in other creditors falling due within one year is £6,389(2023: Nil) amount due to the director, H Atwal.

8.	Controlling party
	Parent company: The Ultimate parent company is Icon Brands (Global) Ltd, a company registered in England and Wales. It's registered office address is First Floor, 108 George Street, Edinburgh, Midlothian, EH2 4LH

9.	Further information regarding the company's financial position
	There is a guarantee between the company and its parent and related companies in respect of the other loans in the company. Mr. Haj Atwal has also provided personal guarantee in respect of the other loans