Aventa Properties Limited - Accounts to registrar (filleted) - small 18.2

Aventa Properties Limited - Accounts to registrar (filleted) - small 18.2

AVENTA PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 04908818 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2019

for

Aventa Properties Limited
Aventa Properties Limited (Registered number: 04908818)






Contents of the Financial Statements
for the Year Ended 31 December 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aventa Properties Limited

Company Information
for the Year Ended 31 December 2019







DIRECTOR: R H Wetherill





SECRETARY: Mrs M Wetherill





REGISTERED OFFICE: Sylvatica
Park Road
Winchester
Hampshire
SO23 7BE





REGISTERED NUMBER: 04908818 (England and Wales)





ACCOUNTANTS: John Brien Chartered Accountant
Basepoint Business Centre
1 Winnall Valley Road
Winchester
Hampshire
SO23 0LD
Page 1
Aventa Properties Limited (Registered number: 04908818)

Balance Sheet
31 December 2019

31.12.19 31.12.18
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,186 26,699
Investment property 5 1,257,000 1,257,000
1,279,186 1,283,699

CURRENT ASSETS
Cash at bank 5,633 4,170

CREDITORS
Amounts falling due within one year 6 1,648 57,675
NET CURRENT ASSETS/(LIABILITIES) 3,985 (53,505 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,283,171
1,230,194

CREDITORS
Amounts falling due after more than
one year
7
(746,311
)
(690,163
)

PROVISIONS FOR LIABILITIES (34,953 ) (32,250 )
NET ASSETS 501,907 507,781

CAPITAL AND RESERVES
Called up share capital 10 10
Revaluation reserve 8 449,192 449,192
Retained earnings 52,705 58,579
SHAREHOLDERS' FUNDS 501,907 507,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 notes form part of these financial statements

Page 2 continued...
Aventa Properties Limited (Registered number: 04908818)

Balance Sheet - continued
31 December 2019


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 28 September 2020 and were signed by:





R H Wetherill - Director


The notes form part of these financial statements

Page 3
Aventa Properties Limited (Registered number: 04908818)

Notes to the Financial Statements
for the Year Ended 31 December 2019

1. STATUTORY INFORMATION

Aventa Properties 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.

Turnover
Turnover represents rent receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 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.

Page 4 continued...
Aventa Properties Limited (Registered number: 04908818)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2019 66,252 16,255 82,507
Additions 108 - 108
At 31 December 2019 66,360 16,255 82,615
DEPRECIATION
At 1 January 2019 45,553 10,255 55,808
Charge for year 3,121 1,500 4,621
At 31 December 2019 48,674 11,755 60,429
NET BOOK VALUE
At 31 December 2019 17,686 4,500 22,186
At 31 December 2018 20,699 6,000 26,699

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2019
and 31 December 2019 1,257,000
NET BOOK VALUE
At 31 December 2019 1,257,000
At 31 December 2018 1,257,000

Fair value at 31 December 2019 is represented by:

£   
Valuation in 2004 300,000
Valuation in 2007 455,464
Valuation in 2016 394,536
Valuation in 2017 82,500
Valuation in 2018 24,500
1,257,000

Page 5 continued...
Aventa Properties Limited (Registered number: 04908818)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019

5. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

31.12.19 31.12.18
as restated
£    £   
Cost 807,808 807,808

The Investment properties were valued on an open market basis on 31 December 2019 by the director .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
as restated
£    £   
Trade creditors - 54,635
Taxation and social security 155 2,185
Other creditors 1,493 855
1,648 57,675

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.19 31.12.18
as restated
£    £   
Other creditors 746,311 690,163

8. RESERVES
Revaluation
reserve
£   
At 1 January 2019
and 31 December 2019 449,192

9. ULTIMATE CONTROLLING PARTY

The controlling party is R H Wetherill.

Page 6