Avery Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00238487

AVERY HOLDINGS LIMITED

FILLETED FINANCIAL STATEMENTS

30 April 2025

AVERY HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

30 April 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	7,757,506	7,766,412
Investments	6	4,565,875	4,610,592
		---------------	---------------
		12,323,381	12,377,004

Current assets

Debtors	7	21,123	27,116
Cash at bank and in hand		1,543,357	1,384,800
		-------------	-------------
		1,564,480	1,411,916

Creditors: amounts falling due within one year	8	162,948		170,935
		-------------		-------------
Net current assets			1,401,532	1,240,981
			---------------	---------------
Total assets less current liabilities			13,724,913	13,617,985

Creditors: amounts falling due after more than one year	9		1,100	1,100

Provisions

Taxation including deferred tax	1,560,842	1,560,898
	---------------	---------------
Net assets	12,162,971	12,055,987
	---------------	---------------

AVERY HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital		13,000	13,000
Capital redemption reserve	10	4,500	4,500
Other reserves	10	5,209,413	5,209,413
Profit and loss account	10	6,936,058	6,829,074
		---------------	---------------
Shareholders funds		12,162,971	12,055,987
		---------------	---------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 10 October 2025 , and are signed on behalf of the board by:

Mr D A Shaw

Director

Company registration number: 00238487

AVERY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Going concern

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors. The directors continue to adopt the going concern basis in preparing the financial statements as in their opinion the company has adequate resources to continue in operational existence for the foreseeable future. In making this assessment the directors have considered a period of at least 12 months from the date of approval of these financial statements, reviewing and considering relevant information including budgets and future cash flows.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: - investment property valuations

Revenue recognition

Turnover represents rent receivable from tenants of freehold properties. The whole of the turnover is attributable to property management.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property improvements	-	2% straight line
Plant & machinery	-	15% or 20% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Total
	£	£	£
Cost
At 1 May 2024 and 30 April 2025	7,834,050	29,835	7,863,885
	-------------	---------	-------------
Depreciation
At 1 May 2024	68,944	28,529	97,473
Charge for the year	8,681	225	8,906
	-------------	---------	-------------
At 30 April 2025	77,625	28,754	106,379
	-------------	---------	-------------
Carrying amount
At 30 April 2025	7,756,425	1,081	7,757,506
	-------------	---------	-------------
At 30 April 2024	7,765,106	1,306	7,766,412
	-------------	---------	-------------

Tangible assets held at valuation

At the year end investment properties were valued by the director on an open market value basis.

6. Investments

	Shares in group undertakings	Unlisted investments	Listed investments	Total
	£	£	£	£
Cost
At 1 May 2024	2	110,061	4,500,529	4,610,592
Additions	–	–	962,944	962,944
Disposals	–	( 3,000)	( 945,673)	( 948,673)
Revaluations	–	6,322	( 65,310)	( 58,988)
	----	----------	-------------	-------------
At 30 April 2025	2	113,383	4,452,490	4,565,875
	----	----------	-------------	-------------
Impairment
At 1 May 2024 and 30 April 2025	–	–	–	–
	----	----------	-------------	-------------

Carrying amount
At 30 April 2025	2	113,383	4,452,490	4,565,875
	----	----------	-------------	-------------
At 30 April 2024	2	110,061	4,500,529	4,610,592
	----	----------	-------------	-------------

7. Debtors

	2025	2024
	£	£
Other debtors	21,123	27,116
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	167	167
Corporation tax	88,013	93,771
Social security and other taxes	4,560	4,070
Other creditors	70,208	72,927
	----------	----------
	162,948	170,935
	----------	----------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	1,100	1,100
	-------	-------

10. Reserves

Other reserves - This reserve records investment property revaluations and associated deferred tax. Profit and loss account - This reserve records retained earnings and accumulated losses. Capital redemption reserve - This reserve records the nominal value of shares repurchased by the company.

11. Summary audit opinion

The auditor's report dated 10 October 2025 was unqualified .

The senior statutory auditor was David Guest FCA , for and on behalf of UHY Hacker Young (S.E.) Limited .