1.
General Information
AV + MH Properties Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
04389403
. The registered office is Dns House, 382 Kenton Road, Harrow, Greater London, HA3 8DP.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
The accounts have been prepared on a going concern basis given the continued financial support of the company's director and its bankers.
2.3.
Turnover
Turnover represents rents receivable.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Motor Vehicles |
|
| Computer Equipment |
|
2.5.
Investment Properties
Investment properties are shown at most recent valuations. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.
2.6.
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 possible that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
4.
Tangible Assets
| Motor Vehicles | Computer Equipment | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost or Valuation | |||
| As at 1 April 2024 |
|
|
|
| Disposals |
|
( |
( |
| As at 31 March 2025 |
|
|
|
...CONTINUED
AV + MH Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
| Depreciation | |||
| As at 1 April 2024 |
|
|
|
| Provided during the period |
|
|
|
| Disposals |
|
( |
( |
| As at 31 March 2025 |
|
|
|
| Net Book Value | |||
| As at 31 March 2025 |
|
|
|
| As at 1 April 2024 |
|
|
|
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Motor Vehicles |
|
|
|
Cost or valuation as at 31 March 2025 represented by:
| Motor Vehicles | Computer Equipment | Total | |
|---|---|---|---|
| £ | £ | £ | |
| At cost | 42,110 | - | 42,110 |
| 42,110 | - | 42,110 | |
5.
Investment Property
Investment property has been valued at the balance sheet date by the directors, who believe the carrying value to be the fair
| 2025 | |
|---|---|
| £ | |
| Fair Value | |
| As at 1 April 2024 and 31 March 2025 |
|
Fair value at 31st March is represented by:
|
2024
£ |
|
|
Valuation in 2023
|
55,000
|
|
Valuation in 2018
|
558,119
|
|
Cost
|
216.881
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none">
<line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/>
</svg>){kind=small}
|
|
Total
|
830,000
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
<line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/>
<line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/>
</svg>){kind=small}
|
If investment property had not been revalued they would have been included at following historical cost:
|
2025
£ |
2024
£ |
|
|
Cost
|
216,881
|
216,881
|
|
216,881
|
216,881
|
Investment property has been valued at the balance sheet date by the directors, who believe the carrying value to be the fair
value. There has been no valuation of investment property by an independent valuer
AV + MH Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
6.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Other debtors |
|
|
|
7.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Net obligations under finance lease and hire purchase contracts | - |
|
|
| Trade creditors |
|
|
|
| Corporation tax |
|
|
|
| Accruals and deferred income |
|
|
|
| Directors' loan accounts |
|
|
|
|
|
|
||
8.
Creditors: Amounts Falling Due After More Than One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Directors loan account |
|
|
|
9.
Obligations Under Finance Leases and Hire Purchase
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| The future minimum finance lease payments are as follows: | |||
| Not later than one year |
|
|
|
| Later than one year and not later than five years |
|
|
|
|
|
|
||
|
|
|
||
10.
Deferred Taxation
The provision for deferred tax is made up as follows:
The deferred tax provision relates to the revaluation of investment properties.
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 153,280 | 153,280 | |
AV + MH Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
12.
Reserves
| Fair Value Reserve | |
|---|---|
| £ | |
| As at 1 April 2024 |
|
| As at 31 March 2025 |
|
13.
Ultimate Controlling Party
Mr M D Boyden is the ultimate controlling party by virtue of his majority ownership of ordinary share capital.