Company Registration No. 09562713 (England and Wales)
Avegen Limited
Unaudited accounts
for the year ended 30 April 2025
Avegen Limited
Unaudited accounts
Contents
Avegen Limited
Company Information
for the year ended 30 April 2025
Director
Nayanabhiram Kalnad
Company Number
09562713 (England and Wales)
Registered Office
64 Vaughan Road
Harrow
Middlesex
HA1 4EE
England
Accountants
Embee Oak
Unit 14 Mill Stream Lodge
Uxbridge Road
Rickmansworth
Herts
WD3 8JQ
Avegen Limited
Statement of financial position
as at 30 April 2025
Investments
394,759
394,759
Cash at bank and in hand
670,192
784,592
Creditors: amounts falling due within one year
(390,547)
(363,140)
Net current assets
488,432
614,898
Net assets
883,826
1,010,969
Called up share capital
1,442
1,442
Share premium
30,600
30,600
Profit and loss account
851,784
978,927
Shareholders' funds
883,826
1,010,969
For the year ending 30 April 2025 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 October 2025 and were signed on its behalf by
Nayanabhiram Kalnad
Director
Company Registration No. 09562713
Avegen Limited
Notes to the Accounts
for the year ended 30 April 2025
Avegen Limited is a private company, limited by shares, registered in England and Wales, registration number 09562713. The registered office is 64 Vaughan Road, Harrow, Middlesex, HA1 4EE, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
The financial statements have been prepared on a going concern basis. The company reported a loss for the current and prior financial year, reflecting investment in the business. However, the company continues to hold substantial net assets and significant cash reserves.
The directors expect the company to return to profitability in the year following the balance sheet date and are satisfied that it has sufficient resources to meet its obligations as they fall due. Accordingly, the directors consider the going concern basis of preparation to be appropriate.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2024
915
18,968
19,883
At 30 April 2025
915
18,968
19,883
At 1 May 2024
916
17,655
18,571
Charge for the year
-
677
677
At 30 April 2025
916
18,332
19,248
At 30 April 2025
(1)
636
635
At 30 April 2024
(1)
1,313
1,312
Avegen Limited
Notes to the Accounts
for the year ended 30 April 2025
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Investments
Other investments
Valuation at 1 May 2024
394,759
Valuation at 30 April 2025
394,759
Amounts falling due within one year
Trade debtors
139,189
121,129
Accrued income and prepayments
60,318
53,197
Other debtors
9,280
19,120
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
288,265
187,315
Taxes and social security
10,059
80,429
Other creditors
1,784
1,784
Loans from directors
3,940
2,940
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Average number of employees
During the year the average number of employees was 5 (2024: 9).