Advent Property (Guildford) Ltd 15502711 false 2024-02-19 2025-03-31 2025-03-31 The principal activity of the company is 68209 - Other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true 15502711 2024-02-19 2025-03-31 15502711 2025-03-31 15502711 core:RetainedEarningsAccumulatedLosses 2025-03-31 15502711 core:ShareCapital 2025-03-31 15502711 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 15502711 core:Non-currentFinancialInstruments 2025-03-31 15502711 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 15502711 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 15502711 bus:SmallEntities 2024-02-19 2025-03-31 15502711 bus:AuditExemptWithAccountantsReport 2024-02-19 2025-03-31 15502711 bus:FilletedAccounts 2024-02-19 2025-03-31 15502711 bus:SmallCompaniesRegimeForAccounts 2024-02-19 2025-03-31 15502711 bus:RegisteredOffice 2024-02-19 2025-03-31 15502711 bus:Director1 2024-02-19 2025-03-31 15502711 bus:PrivateLimitedCompanyLtd 2024-02-19 2025-03-31 15502711 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-19 2025-03-31 15502711 countries:EnglandWales 2024-02-19 2025-03-31 iso4217:GBP xbrli:pure

Registration number: 15502711

Advent Property (Guildford) Ltd
Annual Report and Unaudited Financial Statements- Companies house filing
for the Period from 19 February 2024 to 31 March 2025

Advent Property (Guildford) Ltd

(Registration number: 15502711)
Statement of Financial Position as at 31 March 2025

| Note | 2025 £
Fixed assets |  |
Tangible assets | 4 | 513,900
Current assets |  |
Cash at bank and in hand |  | 3,055
Creditors: Amounts falling due within one year | 6 | (10,500)
Net current liabilities |  | (7,445)
Total assets less current liabilities |  | 506,455
Creditors: Amounts falling due after more than one year | 6 | (515,040)
Net liabilities |  | (8,585)
Capital and reserves |  |
Called up share capital |  | 50
Profit and loss account |  | (8,635)
Shareholders' deficit |  | (8,585)

For the financial period ending 31 March 2025 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 accounts for the period in question in accordance with section 476; and
• | The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 10 October 2025

......................................... Mrs S J Welland Director

Advent Property (Guildford) Ltd

Notes to the Unaudited Financial Statements for the Period from 19 February 2024 to 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 18 Grove Road, Guildford, GU1 2HP. England.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities including rental income.Turnover is shown net of value added tax, returns, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Borrowings

Advent Property (Guildford) Ltd

Notes to the Unaudited Financial Statements for the Period from 19 February 2024 to 31 March 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4 | Tangible assets

| Land and buildings £ | Total £
Cost or valuation
Additions | 513,900 | 513,900
At 31 March 2025 | 513,900 | 513,900
Depreciation
Carrying amount
At 31 March 2025 | 513,900 | 513,900

Included within the net book value of land and buildings above is £513,900 in respect of freehold land and buildings.

Advent Property (Guildford) Ltd

Notes to the Unaudited Financial Statements for the Period from 19 February 2024 to 31 March 2025

5 | Debtors

| 2025 £
| -

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £
Accruals and deferred income | 10,500

Creditors: amounts falling due after more than one year

| Note | 2025 £
Loans and borrowings | 7 | 515,040

7 | Loans and borrowings

Non-current loans and borrowings

| 2025 £
Other borrowings | 515,040

8 | Related party transactions

The Director/Shareholder is owed £488,709 which is unsecured and non interest bearing. This loan is not anticipated to be repaid within the short term.