AVV Properties Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11065414 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

15 NOVEMBER 2017 TO 31 OCTOBER 2018

FOR

AVV PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Wills

Mrs P A Wills

REGISTERED OFFICE:

Unit 3

Eastman Way

Hemel Hempstead

Hertfordshire

HP2 7DU

REGISTERED NUMBER:

11065414 (England and Wales)

ACCOUNTANTS:

Michael Filiou Plc

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Investments

3

1,000

Investment property

4

899,186

900,186

CURRENT ASSETS

Debtors

5

38,350

Cash at bank and in hand

8,098

46,448

CREDITORS

Amounts falling due within one year

6

88,196

NET CURRENT LIABILITIES

(41,748

)

TOTAL ASSETS LESS CURRENT LIABILITIES

858,438

CREDITORS

Amounts falling due after more than one year

7

865,683

NET LIABILITIES

(7,245

)

CAPITAL AND RESERVES

Called up share capital

9

3,000

Retained earnings

10

(10,245

)

SHAREHOLDERS' FUNDS

(7,245

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 13 March 2019 and were signed on its behalf by:

R A Wills - Director

1.	STATUTORY INFORMATION

AVV Properties 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the period 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 period 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.	FIXED ASSET INVESTMENTS

AVV

Solutions

Training

Centre

Limited

£

COST

Additions

1,000

At 31 October 2018

1,000

NET BOOK VALUE

At 31 October 2018

1,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

AVV Solutions Training Centre Limited

Registered office: U.K.

Nature of business: Vocational Training

%

Class of shares:

holding

Ordinary Shares

100.00

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

899,186

At 31 October 2018

899,186

NET BOOK VALUE

At 31 October 2018

899,186

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

38,000

Amounts owed by group undertakings

350

38,350

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts (see note 8)

48,696

Accruals and deferred income

38,000

Accrued expenses

1,500

88,196

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans (see note 8)

492,780

Amounts owed to associates

372,903

865,683

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

492,780

During the year a loan of £372,903 was provided by AVV Solutions Ltd, a company which is an associated

company and has common directors and shareholders.

8.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due within one year or on demand:

Bank loans

48,696

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

492,780

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

3,000

Ordinary Share

1

3,000

10.

RESERVES

Retained

earnings

£

Deficit for the period

(10,245

)

At 31 October 2018

(10,245

)

11.	ULTIMATE CONTROLLING PARTY

Mr R Wills is the controlling party by virtue of the fact that he owns majority of the issued share capital of the

company.