Registration number: 14048207

Avondale Fitzrovia Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Avondale Fitzrovia Ltd

Company Information

Director

Shaun Maximilian Lyons

Registered office

5 Ducketts Wharf South Street Bishop's Stortford Hertfordshire United Kingdom CM23 3AR

Accountants

Mansell & Co Chartered Certified Accountants5 Ducketts Wharf South Street Bishop Stortford Hertfordshire CM23 3AR

Avondale Fitzrovia Ltd

(Registration number: 14048207)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	4,926,802	4,956,493
Investment property	5	418,687	394,396
		5,345,489	5,350,889
Current assets
Debtors	6	171,455	202,422
Cash at bank and in hand		236,834	478,343
		408,289	680,765
Creditors: Amounts falling due within one year	7	(139,296)	(126,327)
Net current assets		268,993	554,438
Total assets less current liabilities		5,614,482	5,905,327
Creditors: Amounts falling due after more than one year	7	(5,818,512)	(6,318,980)
Net liabilities		(204,030)	(413,653)
Capital and reserves
Called up share capital	8	100	100
Retained earnings		(204,130)	(413,753)
Shareholders' deficit		(204,030)	(413,653)

For the financial year ending 31 December 2025 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 September 2026
 

Avondale Fitzrovia Ltd

(Registration number: 14048207)
Balance Sheet as at 31 December 2025

......................................... Shaun Maximilian Lyons Director

Avondale Fitzrovia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
5 Ducketts Wharf
South Street
Bishop's Stortford
Hertfordshire
CM23 3AR
United Kingdom

These financial statements were authorised for issue by the director on 24 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Avondale Fitzrovia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

The investment property is held to earn rental income and for capital appreciation. The property is initially recognised at cost, including transaction costs. Subsequently, it is measured at cost less accumulated depreciation and impairment losses.

Depreciation is provided on a straight-line basis over the estimated useful life of 200 years.

The depreciation charge is recognised in the profit and loss account within administrative expenses.

The investment property is reviewed annually for indicators of impairment. If such indicators exist, the carrying amount is assessed for recoverability and written down to its recoverable amount if necessary.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Avondale Fitzrovia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Total £
Cost or valuation
At 1 January 2025	4,966,517	73,131	5,039,648
Additions	-	6,697	6,697
At 31 December 2025	4,966,517	79,828	5,046,345
Depreciation
At 1 January 2025	62,087	21,067	83,154
Charge for the year	24,833	11,556	36,389
At 31 December 2025	86,920	32,623	119,543
Carrying amount
At 31 December 2025	4,879,597	47,205	4,926,802
At 31 December 2024	4,904,429	52,064	4,956,493

Included within the net book value of land and buildings above is £4,879,597 (2024 - £4,904,429) in respect of freehold land and buildings.
 

Avondale Fitzrovia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5	Investment properties

	2025 £
At 1 January	400,715
Acquired through business combinations	28,485
Transfers to and from owner-occupied property	(6,340)
Lease incentives given	(4,173)
At 31 December	418,687

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current	2025 £	2024 £
Trade debtors	63,198	87,028
Prepayments	92,880	78,321
Other debtors	15,377	37,073
	171,455	202,422

Avondale Fitzrovia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	20,144	20,728
Accruals and deferred income	119,152	105,599
	139,296	126,327

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	1,774	-
Other financial liabilities		5,816,738	6,318,980
		5,818,512	6,318,980

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	1,774	-