Avina Estates Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07932476 (England and Wales)

AVINA ESTATES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

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

2

7,189

-

CURRENT ASSETS

Stocks

660,049

236,730

Debtors

3,049,784

425,029

Cash at bank

1,369,785

122,811

5,079,618

784,570

CREDITORS

Amounts falling due within one year

1,418,742

793,147

NET CURRENT ASSETS/(LIABILITIES)

3,660,876

(8,577

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,668,065

(8,577

)

PROVISIONS FOR LIABILITIES

261,937

-

NET ASSETS/(LIABILITIES)

3,406,128

(8,577

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

3,406,126

(8,579

)

SHAREHOLDERS' FUNDS

3,406,128

(8,577

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 July 2016 and were signed by:

D T Healy - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

9,585

At 31 October 2015

9,585

DEPRECIATION

Charge for year

2,396

At 31 October 2015

2,396

NET BOOK VALUE

At 31 October 2015

7,189

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

1

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 October 2015 and the period

ended 31 October 2014:

2015

2014

£

D T Healy

Balance outstanding at start of year

-

Amounts advanced

292,493

-

Amounts repaid

(200,000

)

-

Balance outstanding at end of year

92,493

-