Company Registration No. 11065414 (England and Wales)
AVV PROPERTIES LTD
Unaudited accounts
for the year ended 30 April 2023
AVV PROPERTIES LTD
Unaudited accounts
Contents
AVV PROPERTIES LTD
Company Information
for the year ended 30 April 2023
Directors
Mr Raymond Arnold Wills
Mrs Patricia Anne Wills
Company Number
11065414 (England and Wales)
Registered Office
UNIT 3 EASTMAN WAY
HEMEL HEMPSTEAD
HERTFORDSHIRE
HP2 7DU
ENGLAND
Accountants
RMR Partnership LLP
3rd Floor, Vyman House
104 College Road
Harrow
Middlesex
HA1 1BQ
AVV PROPERTIES LTD
Statement of financial position
as at 30 April 2023
Investment property
899,186
899,186
Cash at bank and in hand
5,036
6,051
Creditors: amounts falling due within one year
(80,047)
(56,916)
Net current liabilities
(65,161)
(41,015)
Total assets less current liabilities
835,025
859,171
Creditors: amounts falling due after more than one year
(794,034)
(827,169)
Called up share capital
3,000
3,000
Profit and loss account
37,991
29,002
Shareholders' funds
40,991
32,002
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by
Mr Raymond Arnold Wills
Director
Company Registration No. 11065414
AVV PROPERTIES LTD
Notes to the Accounts
for the year ended 30 April 2023
AVV PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 11065414. The registered office is UNIT 3 EASTMAN WAY, HEMEL HEMPSTEAD, HERTFORDSHIRE, HP2 7DU, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts have been prepared on a going concern basis which the directors believe to be appropriate for the following reasons.
The directors are aware of material uncertainties that cast doubt on the company's ability to continue as a going concern. As with most businesses, these material uncertainties are in relation to the ongoing Covid-19 virus outbreak which has had an impact on the operations, customers, suppliers and staff. The directors have (where appropriate) utilised the grants and benefits available from the government and are taking all the steps they can to protect the future of the business.
The accounts are presented in £ sterling.
Preparation of consolidated financial statements
The financial statements contain information about AVV Properties Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.
There were no judgements and estimates that had significant effect on the amounts recognised in the financial statements.
Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
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.
AVV PROPERTIES LTD
Notes to the Accounts
for the year ended 30 April 2023
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 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
Fair value at 1 May 2022
899,186
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.
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Investments
Subsidiary undertakings
Valuation at 1 May 2022
1,000
Valuation at 30 April 2023
1,000
The company's investments at the Balance Sheet date are in the share capital of the following company:
AVV Solutions Training Centre Ltd
Registered office: United Kingdom
Nature of business: Vocational training .
The company owns 100% of the issued share capital for that company.
Investments in subsidiary undertakings are recognised at cost.
Amounts falling due within one year
Amounts due from group undertakings etc.
350
350
AVV PROPERTIES LTD
Notes to the Accounts
for the year ended 30 April 2023
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
58,898
32,891
Taxes and social security
2,109
6,425
Loans from directors
1,740
-
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
347,126
403,961
Amounts owed to group undertakings and other participating interests
446,908
423,208
Allotted, called up and fully paid:
3,000 Ordinary shares of £1 each
3,000
3,000
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Transactions with related parties
AVV SOLUTIONS LIMITED
AVV Solutions Limited is a related company Incorporated in England and Wales which is controlled by the directors of AVV Properties Limited.
At the reporting date the company owed AVV Solutions Ltd £446,908 (2022- £423,208). This includes loan interest charged at the market rate of 4% per annum.
AVV SOLUTIONS TRAINING CENTRE LTD
AVV Solutions Training Centre Ltd is a 100% subsidiary of the company and is incorporated in England and wales.
At the reporting date, AVV Solutions Training Centre Ltd owed £350 ( 2022- £350) to the company. This is an unsecured interest-free loan which is repayable on demand.
At the balance sheet date the company owed the directors £1740 (2022: 0)
The ultimate controlling party is Mr Raymond Arnold Wills who owns the majority of the issued share capital of the company.
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Average number of employees
During the year the average number of employees was 0 (2022: 0).
