Avamore Capital Bridging Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 10644208 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

AVAMORE CAPITAL BRIDGING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M R Dean

Z U Mirza

P A Gould

D J Zaprzala

S K Robinson-Sandhu

E E Barnett

REGISTERED OFFICE:

Clarence Street Chambers

32 Clarence Street

Southend-on-Sea

Essex

SS1 1BD

BUSINESS ADDRESS:

Cannon Place

78 Cannon Street

London

EC4N 6HL

REGISTERED NUMBER:

10644208 (England and Wales)

ACCOUNTANTS:

A.R. Lee & Co.

Chartered Certified Accountants

Clarence Street Chambers

32 Clarence Street

Southend-on-Sea

Essex

SS1 1BD

CURRENT ASSETS

Debtors

4

2,376,078

1,285,186

Cash at bank

91,779

485,333

2,467,857

1,770,519

CREDITORS

Amounts falling due within one year

5

735,208

1,168,132

NET CURRENT ASSETS

1,732,649

602,387

TOTAL ASSETS LESS CURRENT LIABILITIES

1,732,649

602,387

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

1,732,549

602,287

SHAREHOLDERS' FUNDS

1,732,649

602,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 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 Board of Directors and authorised for issue on 16 August 2023 and were signed on its behalf by:

Z U Mirza - Director

1.	STATUTORY INFORMATION

Avamore Capital Bridging 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.

Preparation of consolidated financial statements

The financial statements contain information about Avamore Capital Bridging Limited as an individual and do not contain consolidated financial information. The company is included by full consolidation in the consolidated financial statements of its parent, Avamore Capital Limited of 78 Cannon Street, London EC4N 6HL.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover consists of fees and interest due to the company on the commercial loans it arranges and is accounted for as it accrues under the terms of each agreement.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

1,605,812

804,803

Amounts owed by group undertakings

770,000

480,383

Other debtors

266

-

2,376,078

1,285,186

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

174

768

Amounts owed to group undertakings

414,667

1,025,187

Taxation and social security

319,376

141,277

Other creditors

991

900

735,208

1,168,132

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

100

Ordinary

£1

100

100