REGISTERED NUMBER: 14296458 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

AVAX PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

I A Onuchukwu

REGISTERED OFFICE:

21 Story Street

Hull

East Riding Of Yorkshire

United Kingdom

HU1 3SA

REGISTERED NUMBER:

14296458 (England and Wales)

ACCOUNTANTS:

Majors Limited

57 Spyvee Street

Hull

E. Yorks

HU8 7JJ

FIXED ASSETS

Tangible assets

4

826,507

493,116

CURRENT ASSETS

Debtors

5

17,242

3,882

Cash at bank

5,667

3,605

22,909

7,487

CREDITORS

Amounts falling due within one year

6

181,251

250,048

NET CURRENT LIABILITIES

(158,342

)

(242,561

)

TOTAL ASSETS LESS CURRENT LIABILITIES

668,165

250,555

CREDITORS

Amounts falling due after more than one year

7

659,755

248,486

NET ASSETS

8,410

2,069

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

8,409

2,068

SHAREHOLDERS' FUNDS

8,410

2,069

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 27 August 2026 and were signed by:

I A Onuchukwu - Director

1.	STATUTORY INFORMATION

Avax Property Ltd 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.

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.

Turnover

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

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 September 2024

493,116

Additions

333,391

At 31 August 2025

826,507

NET BOOK VALUE

At 31 August 2025

826,507

At 31 August 2024

493,116

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

17,242

400

Prepayments and accrued income

-

3,482

17,242

3,882

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

18,177

Trade creditors

72

-

Tax

1,972

484

Other creditors

36,600

70,714

Directors' current accounts

139,607

158,173

Accruals and deferred income

3,000

2,500

181,251

250,048

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

-

78,564

Bank loans more 5 yr by instal

-

169,922

Bank loans more 5 yrs non-inst

659,755

-

659,755

248,486

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

659,755

-

Repayable by instalments

Bank loans more 5 yr by instal

-

169,922