REGISTERED NUMBER: 07424791 (England and Wales)

AVA Produce Limited

Abridged Audited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Cagin

Mr C Agcagul

REGISTERED OFFICE:

Unit 2

The Britannia Centre

Lenthall Road

Loughton

IG10 3SQ

REGISTERED NUMBER:

07424791 (England and Wales)

SENIOR STATUTORY AUDITOR:

Altan Kemal FCA FCCA

AUDITORS:

Alton & Co

Chartered Accountants

& Statutory Auditors

239-241 Kennington Lane

London

SE11 5QU

FIXED ASSETS

Intangible assets

4

246

287

Property, plant and equipment

5

-

2,188

246

2,475

CURRENT ASSETS

Inventories

-

157,899

Debtors

2,837

3,827,855

Cash at bank

1,173

29,367

4,010

4,015,121

CREDITORS

Amounts falling due within one year

223,340

1,050,918

NET CURRENT (LIABILITIES)/ASSETS

(219,330

)

2,964,203

TOTAL ASSETS LESS CURRENT LIABILITIES

(219,084

)

2,966,678

PROVISIONS FOR LIABILITIES

7

-

548

NET (LIABILITIES)/ASSETS

(219,084

)

2,966,130

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

(219,184

)

2,966,030

SHAREHOLDERS' FUNDS

(219,084

)

2,966,130

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:

Mr S Cagin - Director

Mr C Agcagul - Director

1.	STATUTORY INFORMATION

AVA Produce Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Masca Holdings Limited is the parent company of the group and copies of the consolidated accounts can be obtained from Unit 2, The Britannia Centre, Lenthall Road, Loughton, IG10 3SQ.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when customers take delivery of their goods and is derived from the ordinary activities of the business.

The accrual model is used in recognition of grants where grants are matched against the expenditure it is compensating for.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is on first in first out basis. Net realisable value is the sales value of the stock less any additional cost to sell.

Taxation

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company is dependent on financial support from the group and the parent company. The parent company has guaranteed to support the company meet all its obligations as and when they fall due. The accounts does not included any adjustment that will be necessary should this support be withdrawn.

Consignment purchases

Goods acquired on consignment are not recognised as the company's purchases until the title of the goods changes to the company; this occurs when the goods are sold.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

410

AMORTISATION

At 1 April 2024

123

Amortisation for year

41

At 31 March 2025

164

NET BOOK VALUE

At 31 March 2025

246

At 31 March 2024

287

5.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 April 2024

6,565

Disposals

(6,565

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

4,377

Eliminated on disposal

(4,377

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

2,188

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

-

2,726

Between one and five years

-

2,726

-

5,452

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

-

548

Deferred

tax

£

Balance at 1 April 2024

548

Timing diff. cap. all. & depr.

Balance at 31 March 2025

548

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2024

2,966,030

Deficit for the year

(3,185,214

)

At 31 March 2025

(219,184

)

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Altan Kemal FCA FCCA (Senior Statutory Auditor)

for and on behalf of Alton & Co

11.	CONTINGENT LIABILITIES

All companies in the group have provided a cross guarantee to The Care Home Lender for a loan taken out in August 2025 to replace the loans existing at the year end. The balance at the year end for the existing loans was £10,665,964 (2024 - £11,658,160).

12.	PARENT COMPANY

The ultimate controlling party is Masca Holding Limited.