Aventur Estate Planning Ltd 31/12/2021 iXBRL

AVENTUR ESTATE PLANNING LTD - Company Information

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Company registration number: 12408944

(England and Wales)

Aventur Estate Planning Ltd

Unaudited filleted financial statements

for the year ended

31 December 2021

Aventur Estate Planning Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Aventur Estate Planning Ltd

Directors and other information


Directors	Mr T Young
	Mr S Body	(Appointed 25 January 2021)
	Mr C Day	(Resigned 25 January 2021)


Company number	12408944


Registered office	Aventur House
	14 Shelley Road
	Colchester
	Essex
	CO3 4JN


Accountants	Griffin Chapman
	4 & 5 The Cedars, Apex 12
	Old Ipswich Road
	Colchester
	Essex
	CO7 7QR

Aventur Estate Planning Ltd

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Aventur Estate Planning Ltd

Year ended 31 December 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aventur Estate Planning Ltd for the year ended 31 December 2021 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Aventur Estate Planning Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Aventur Estate Planning Ltd and state those matters that we have agreed to state to the board of directors of Aventur Estate Planning Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aventur Estate Planning Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Aventur Estate Planning Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Aventur Estate Planning Ltd. You consider that Aventur Estate Planning Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aventur Estate Planning Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Griffin Chapman

Chartered Accountants

4 & 5 The Cedars, Apex 12

Old Ipswich Road

Colchester

Essex

CO7 7QR

22 September 2022

Aventur Estate Planning Ltd

Statement of financial position

31 December 2021

		31/12/21		31/12/20
	Note	£	£	£	£

Current assets
Debtors	5	531		363
Cash at bank		666		2,437
		_______		_______
		1,197		2,800
Creditors: amounts falling due
within one year	6	( 1,220)		( 808)
		_______		_______
Net current (liabilities)/assets			( 23)		1,992
			_______		_______
Total assets less current liabilities			( 23)		1,992

			_______		_______
Net (liabilities)/assets			( 23)		1,992
			_______		_______

Capital and reserves
Called up share capital	7		100		100
Profit and loss account			( 123)		1,892
			_______		_______
Shareholders (deficit)/funds			( 23)		1,992
			_______		_______

For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 21 September 2022 , and are signed on behalf of the board by:

Mr T Young Mr S Body

Director Director

Company registration number: 12408944

Aventur Estate Planning Ltd

Notes to the financial statements

Year ended 31 December 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Aventur House, 14 Shelley Road, Colchester, Essex, CO3 4JN.

The principal activity of the company continues to be that of estate planning services.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Going concern

The company has net liabilities of £23 at the balance sheet date.The directors have given assurance that funding will continue to be made available to meet normal working capital requirements within 12 months from the date of approval of these financial statements.On this basis the director's consider it appropriate to prepare the financial statements on the going concern basis. Should this basis prove to be inappropriate the accounts would require adjustment to be made to reduce the value of assets to their recoverable amount and to provide for further liabilities which might arise.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2020: 2 ).

5. Debtors

	31/12/21	31/12/20
	£	£
Trade debtors	-	280
Amounts owed by other participating interests	83	83
Other debtors	448	-
	_______	_______
	531	363
	_______	_______

6. Creditors: amounts falling due within one year

	31/12/21	31/12/20
	£	£
Amounts owed to group undertakings	500	-
Taxation and social security	-	448
Other creditors	720	360
	_______	_______
	1,220	808
	_______	_______

7. Called up share capital

Issued, called up and fully paid

	31/12/21		31/12/20
	No	£	No	£
Ordinary shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

8. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	Year	Period	Year	Period
	ended	ended	ended	ended
	31/12/21	31/12/20	31/12/21	31/12/20
	£	£	£	£
Amounts loaned by group companies	( 500)	-	( 500)	-
	_______	_______	_______	_______

9. Controlling party

The ultimate parent company is Aventur Group Limited by virtue of its 100% holding of the issued share capital of the company. No one individual controls Aventur Group Limited.