Averian Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02272780

Averian Properties Limited

Unaudited financial statements

28 February 2026

Averian Properties Limited

Statement of financial position

28 February 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5		1,500,282		1,540,941

Current assets

Debtors	6	227,234	416,577
Cash at bank and in hand		116,110	103,338
		---------	---------
		343,344	519,915

Creditors: Amounts falling due within one year	7	( 8,298)		( 4,783)
		---------		---------
Net current assets			335,046		515,132
			-----------		-----------
Total assets less current liabilities			1,835,328		2,056,073

Creditors: Amounts falling due after more than one year	8		( 122,094)		( 322,094)

Provisions

Taxation including deferred tax	( 113,745)	( 123,909)
	-----------	-----------
Net assets	1,599,489	1,610,070
	-----------	-----------

Capital and reserves

Called up share capital		800	800
Investment property valuation reserve	9	569,885	561,061
Profit and loss account	9	1,028,804	1,048,209
		-----------	-----------
Shareholders funds		1,599,489	1,610,070
		-----------	-----------

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 income statement has not been delivered.

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Averian Properties Limited

Statement of financial position (continued)

28 February 2026

These financial statements were approved by the board of directors and authorised for issue on 19 August 2026 , and are signed on behalf of the board by:

J E P Connolly
Director

Company registration number: 02272780

Averian Properties Limited

Notes to the financial statements

Year ended 28 February 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, Suffolk, IP32 7EA. The company's trading address during the year was Apartment 12, Old Post Office, The Thoroughfare, Bury St Edmunds, Suffolk, IP33 1DR.

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.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Judgements and key sources of estimation uncertainty

Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The estimates and assumptions that have a significant effect on the carrying amounts of assets and liabilities are discussed below: - In applying the Company's accounting policies for investment properties carried at fair value, consideration was given to the valuation of the Company's properties at the reporting date. Further detail of the estimate has been included in the tangible assets note.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts. Rental income is recognised on an accruals basis.

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:

	Office Equipment	-	33% straight line

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value. Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

4. Employee numbers

The average number of employees during the year was 1 (2025: 1 ).

5. Tangible assets

	Freehold investment property	Equipment	Total
	£	£	£
Cost or valuation
At 1 March 2025	1,540,000	1,978	1,541,978
Revaluations	( 40,000)	–	( 40,000)
	-----------	------	-----------
At 28 February 2026	1,500,000	1,978	1,501,978
	-----------	------	-----------
Depreciation
At 1 March 2025	–	1,037	1,037
Charge for the year	–	659	659
	-----------	------	-----------
At 28 February 2026	–	1,696	1,696
	-----------	------	-----------
Carrying amount
At 28 February 2026	1,500,000	282	1,500,282
	-----------	------	-----------
At 28 February 2025	1,540,000	941	1,540,941
	-----------	------	-----------

Tangible assets held at valuation

Investment property comprises four residential properties. The fair value of the Company's investment property at 28 February 2026 has been determined by the directors. In arriving at this valuation, the directors considered evidence of transaction prices for similar properties and other relevant data available at the reporting date. The valuation has been made on an open market value basis and reflects the directors' assessment of fair value in light of current economic conditions.

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Freehold investment property
	£
At 28 February 2026
Aggregate cost	855,265
Aggregate depreciation	–
	---------
Carrying value	855,265
	---------

At 28 February 2025
Aggregate cost	855,265
Aggregate depreciation	–
	---------
Carrying value	855,265
	---------

6. Debtors

	2026	2025
	£	£
Other debtors	227,234	416,577
	---------	---------

The debtors above include the following amounts falling due after more than one year:

	2026	2025
	£	£
Other debtors	29,145	29,145
	-------	-------

7. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Social security and other taxes	4,780	597
Other creditors	3,518	4,186
	------	------
	8,298	4,783
	------	------

8. Creditors: Amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	122,094	322,094
	---------	---------

Included in creditors is an amount of £122,094 (2025: £322,094) secured on the assets concerned. Interest on the loan is charged at 0.95% above the base rate.

9. Reserves

Investment property valuation reserve - This reserve records accumulated fair value adjustments in respect of the freehold investment property recognised through profit or loss and is non-distributable. Profit and loss account - This reserve records retained earnings and accumulated losses.

10. Director's advances, credits and guarantees

Included in debtors is an amount due to the company from the director of £89,841 (2025: £86,355). The maximum amount overdrawn during the year was £89,841 and interest of £3,133 (2025: £1,928) was charged on the loan.

11. Related party transactions

At the reporting date, the Company had an outstanding balance of £108,248 due from a connected company. The balance is interest-free, unsecured and repayable on demand.