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Company No: 07932476 (England and Wales)

# AVINA ESTATES LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH THE REGISTRAR

AVINA ESTATES LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024

Contents

AVINA ESTATES LIMITED

## COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
AVINA ESTATES LIMITED

## COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024

DIRECTOR | D T Healy

REGISTERED OFFICE | 40 Anyards Road
| Cobham
| Surrey
| KT11 2LA
| United Kingdom

COMPANY NUMBER | 07932476 (England and Wales)

ACCOUNTANT | Shaw Gibbs Limited
| Wey Court West
| Union Road
| Farnham
| Surrey
| GU9 7PT

AVINA ESTATES LIMITED

## BALANCE SHEET

AS AT 31 OCTOBER 2024
AVINA ESTATES LIMITED

## BALANCE SHEET (continued)

AS AT 31 OCTOBER 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,661,706 |  | 47,688
|  | 1,661,706 |  | 47,688
Current assets |  |  |  |
Stocks | 4 | 0 |  | 1,538,676
Debtors | 5 | 1,078,303 |  | 1,122,307
Cash at bank and in hand | 6 | 242,265 |  | 292,457
|  | 1,320,568 |  | 2,953,440
Creditors: amounts falling due within one year | 7 | ( 202,806) |  | ( 172,366)
Net current assets |  | 1,117,762 |  | 2,781,074
Total assets less current liabilities |  | 2,779,468 |  | 2,828,762
Creditors: amounts falling due after more than one year | 8 | ( 23,137) |  | 0
Net assets |  | 2,756,331 |  | 2,828,762
Capital and reserves |  |  |  |
Called-up share capital | 9 | 2 |  | 2
Profit and loss account |  | 2,756,329 |  | 2,828,760
Total shareholder's funds |  | 2,756,331 |  | 2,828,762

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Avina Estates Limited (registered number: 07932476) were approved and authorised for issue by the Director on 17 October 2025. They were signed on its behalf by:

D T Healy Director |

AVINA ESTATES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
AVINA ESTATES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Avina Estates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 40 Anyards Road, Cobham, Surrey, KT11 2LA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
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.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Investment property | not depreciated
Plant and machinery | 25 % reducing balance
Vehicles | 25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 2 |  | 2

#### 3. Tangible assets

| Land and buildings |  | Investment property |  | Plant and machinery |  | Vehicles |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 November 2023 | 0 |  | 0 |  | 4,333 |  | 83,431 |  | 87,764
Additions | 199,267 |  | 1,370,733 |  | 0 |  | 105,000 |  | 1,675,000
Disposals | 0 |  | 0 |  | 0 |  | ( 71,580) |  | ( 71,580)
At 31 October 2024 | 199,267 |  | 1,370,733 |  | 4,333 |  | 116,851 |  | 1,691,184
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 November 2023 | 0 |  | 0 |  | 2,251 |  | 37,825 |  | 40,076
Charge for the financial year | 0 |  | 0 |  | 521 |  | 28,178 |  | 28,699
Disposals | 0 |  | 0 |  | 0 |  | ( 39,297) |  | ( 39,297)
At 31 October 2024 | 0 |  | 0 |  | 2,772 |  | 26,706 |  | 29,478
Net book value |  |  |  |  |  |  |  |  |
At 31 October 2024 | 199,267 |  | 1,370,733 |  | 1,561 |  | 90,145 |  | 1,661,706
At 31 October 2023 | 0 |  | 0 |  | 2,082 |  | 45,606 |  | 47,688

#### 4. Stocks

| 2024 |  | 2023
| £ |  | £
Stocks | 0 |  | 121,798
Work in progress | 0 |  | 1,416,878
| 0 |  | 1,538,676

#### 5. Debtors

| 2024 |  | 2023
| £ |  | £
Amounts owed by director | 0 |  | 44,683
S455 | 0 |  | 62,945
Other debtors | 1,078,303 |  | 1,014,679
| 1,078,303 |  | 1,122,307

#### 6. Cash and cash equivalents

| 2024 |  | 2023
| £ |  | £
Cash at bank and in hand | 223,148 |  | 289,082
Short-term deposits | 19,117 |  | 3,375
| 242,265 |  | 292,457

#### 7. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Trade creditors | 123,979 |  | 12,156
Amounts owed to director | 188 |  | 0
Accruals and deferred income | 30,645 |  | 116,130
Other taxation and social security | 22,254 |  | 40,705
Obligations under finance leases and hire purchase contracts | 6,634 |  | 0
Other creditors | 19,106 |  | 3,375
| 202,806 |  | 172,366

#### 8. Creditors: amounts falling due after more than one year

| 2024 |  | 2023
| £ |  | £
Obligations under finance leases and hire purchase contracts | 23,137 |  | 0

There are no amounts included above in respect of which any security has been given by the small entity.

#### 9. Called-up share capital

| 2024 |  | 2023
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2 Ordinary shares of £ 1.00 each | 2 |  | 2

#### 10. Related party transactions

Transactions with the entity's director

| 2024 |  | 2023
| £ |  | £
Balance outstanding at start of year | 44,684 |  | (31,200)
Amounts advanced | 90,629 |  | 75,884
Amounts repaid | (135,500) |  | 0
Amounts written off | 0 |  | 0
Amounts waived | 0 |  | 0
Balance outstanding at end of year | (187) |  | 44,684

The director and shareholder of Avina Estates Ltd is a director of Avicam Homes Ltd and a director and shareholder of Technik Recruitment Ltd.
At the end of the year, the company was owed £68,644 (2023: £(29,520.18)) from Avicam Homes Ltd and £100,221 (2023:£100,184) from Technik Recruitment Ltd.
The loan is interest-free and payable on demand.