REGISTERED NUMBER: 05934132 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

AVAMET LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Laxman

S B Laxman

SECRETARY:

B Z Pala

REGISTERED OFFICE:

272 Green Street

Forest Gate

London

E7 8LF

REGISTERED NUMBER:

05934132 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Investment property

4

900,000

900,000

CURRENT ASSETS

Debtors

5

169,456

158,057

Cash at bank

233

13,396

169,689

171,453

CREDITORS

Amounts falling due within one year

6

176,941

175,111

NET CURRENT LIABILITIES

(7,252

)

(3,658

)

TOTAL ASSETS LESS CURRENT LIABILITIES

892,748

896,342

CREDITORS

Amounts falling due after more than one year

7

847,041

882,378

NET ASSETS

45,707

13,964

CAPITAL AND RESERVES

Called up share capital

200

200

Other reserves

(672,869

)

(672,869

)

Retained earnings

718,376

686,633

SHAREHOLDERS' FUNDS

45,707

13,964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2026 and were signed on its behalf by:

D Laxman - Director

1.	STATUTORY INFORMATION

Avamet 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 as modified by the revaluation of certain assets.

Going concern

The financial statements have been prepared on a going concern basis notwithstanding the company's net current liabilities position as at the year end. The directors of the company have provided with an

undertaking that they will continue to support financially for the foreseeable future and that they will not seek repayment of the amounts currently owing to them in the twelve months from the date of signing the financial statements.

Turnover

Turnover represents gross rent receivable in the normal course of the company's business.

Revenue recognition

Revenue is recognised when company receives the rent and is recorded to the balance sheet date.

Investment property

Investment property is measured at fair value at each reporting date with changes in fair value recognised in the profit or loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 30 September 2025

900,000

NET BOOK VALUE

At 30 September 2025

900,000

At 30 September 2024

900,000

Fair value at 30 September 2025 is represented by:

£

Valuation in 2017

(730,703

)

Valuation in 2022

(100,000

)

Cost

1,730,703

900,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,730,703

1,730,703

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 September 2025 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,681

-

Other debtors

165,775

158,057

169,456

158,057

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

40,933

41,255

Taxation and social security

7,446

20,405

Other creditors

128,562

113,451

176,941

175,111

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

9,833

45,170

Other creditors

837,208

837,208

847,041

882,378

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

50,766

86,425

The bank loan is secured by a first legal charge over the assets of the company. The loan is due for repayment in full by January 2027.

9.	RELATED PARTY DISCLOSURES

Included within creditors as at year end is £124,803 (2024: £110,564), an amount owed to the directors of the company. The amount owed is unsecured and there are no specific terms to the repayment of this amount.

Also included within long term creditors as at year end is £837,208 (2024: £837,208), an amount owed to the directors of the company. The amount owed is unsecured and there are no specific terms to the repayment of this amount.