REGISTERED NUMBER: 08332346 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

AVTONE PROPERTIES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D Aviram

REGISTERED OFFICE:

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

REGISTERED NUMBER:

08332346 (England and Wales)

ACCOUNTANTS:

Raffingers Holdings Limited

Chartered Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

5

53,332

17,437

Investments

6

100

100

Investment property

7

2,950,000

2,950,000

3,003,432

2,967,537

CURRENT ASSETS

Debtors

2,798,477

2,793,607

Cash at bank and in hand

474

40

2,798,951

2,793,647

CREDITORS

Amounts falling due within one year

993,074

693,930

NET CURRENT ASSETS

1,805,877

2,099,717

TOTAL ASSETS LESS CURRENT LIABILITIES

4,809,309

5,067,254

CREDITORS

Amounts falling due after more than one year

8

(4,430,866

)

(4,419,100

)

PROVISIONS FOR LIABILITIES

(217,489

)

(222,809

)

NET ASSETS

160,954

425,345

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

736,542

752,505

Retained earnings

(575,589

)

(327,161

)

SHAREHOLDERS' FUNDS

160,954

425,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement and an abridged Balance Sheet for the year ended 31 July 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 director and authorised for issue on 29 April 2026 and were signed by:

Mr D Aviram - Director

1.	STATUTORY INFORMATION

Avtone Properties 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis as it has the continued support of its directors and shareholders.

Turnover

Turnover comprises rental and service charge income, excluding Value Added Tax, which is recognised in the period which it is earned. Amounts invoiced in excess of the amounts earned during the period are recognised as deferred income in creditors.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2024

54,352

Additions

41,710

At 31 July 2025

96,062

DEPRECIATION

At 1 August 2024

36,915

Charge for year

5,815

At 31 July 2025

42,730

NET BOOK VALUE

At 31 July 2025

53,332

At 31 July 2024

17,437

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

Additions

41,242

At 31 July 2025

41,242

DEPRECIATION

Charge for year

1,340

At 31 July 2025

1,340

NET BOOK VALUE

At 31 July 2025

39,902

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 August 2024

and 31 July 2025

100

NET BOOK VALUE

At 31 July 2025

100

At 31 July 2024

100

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

2,950,000

Additions

21,284

Revaluations

(21,284

)

At 31 July 2025

2,950,000

NET BOOK VALUE

At 31 July 2025

2,950,000

At 31 July 2024

2,950,000

In the opinion of the directors, Investment property is stated at fair value as at 31 July 2025. Investment property includes properties which are currently under construction.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable otherwise than by instalments

Bank loans

4,419,100

4,419,100

9.	SECURED DEBTS

The bank loan and debt relating to hire purchase contracts are secured by way of a fixed and floating charge over the assets to which they relates.

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £4,711 (2024: £4,711) to Aviram Properties Limited, a company controlled by the director. The company was also owed £75,500 (2024: £75,500) by Avitech Investments Limited, a company jointly controlled by a joint-shareholder of Avtone Properties Limited

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.