Avina Estates Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07932476 (England and Wales)

AVINA ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D T Healy

REGISTERED OFFICE:

Station House

Connaught Road

Brookwood

WOKING

Surrey

GU24 0ER

REGISTERED NUMBER:

07932476 (England and Wales)

ACCOUNTANTS:

HPCA Limited

Chartered Accountants

Station House

Connaught Road

Brookwood

Woking

Surrey

GU24 0ER

FIXED ASSETS

Tangible assets

4

10,367

8,888

CURRENT ASSETS

Stocks

919,655

472,525

Debtors

5

1,774,922

1,506,418

Cash at bank

1,068,274

2,222,260

3,762,851

4,201,203

CREDITORS

Amounts falling due within one year

6

(252,012

)

(441,217

)

NET CURRENT ASSETS

3,510,839

3,759,986

TOTAL ASSETS LESS CURRENT LIABILITIES

3,521,206

3,768,874

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

3,521,204

3,768,872

SHAREHOLDERS' FUNDS

3,521,206

3,768,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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 26 January 2023 and were signed by:

D T Healy - Director

1.	STATUTORY INFORMATION

Avina Estates 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.

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 November 2020

-

21,936

21,936

Additions

4,333

-

4,333

At 31 October 2021

4,333

21,936

26,269

DEPRECIATION

At 1 November 2020

-

13,048

13,048

Charge for year

632

2,222

2,854

At 31 October 2021

632

15,270

15,902

NET BOOK VALUE

At 31 October 2021

3,701

6,666

10,367

At 31 October 2020

-

8,888

8,888

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

18,420

-

Other debtors

1,358,270

1,215,444

Directors' current accounts

193,890

217,512

Tax

84,794

72,324

VAT

-

1,138

Prepayments and accrued income

119,548

-

1,774,922

1,506,418

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

32,758

3,512

VAT

4,168

-

Other creditors

3,926

721

Accrued expenses

211,160

436,984

252,012

441,217

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

2

Ordinary

1

2

2

8.

RESERVES

Retained

earnings

£

At 1 November 2020

3,768,872

Deficit for the year

(47,668

)

Dividends

(200,000

)

At 31 October 2021

3,521,204

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2021 and 31 October 2020:

2021

2020

£

£

D T Healy

Balance outstanding at start of year

217,512

218,594

Amounts advanced

210,928

483,632

Amounts repaid

(234,550

)

(484,714

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

193,890

217,512

10.	RELATED PARTY DISCLOSURES

The director and shareholder of Avina Estates Ltd is a director of Avicam Homes Ltd and a director and shareholder of Technik Recruitment Ltd and Oxted Properties Ltd.

At the end of the year, the company was owed £376,060 (2020: £330,686) from Avicam Homes Ltd, £NIL (2020: £17,789) from Oxted Properties Ltd and £NIL (2020: £25,002) from Technik Recruitment Ltd.

The loans are interest-free and payable on demand.