AVDA Developments Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08071056 (England and Wales)

Financial Statements for the Year Ended 31 March 2017

for

AVDA Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss V A Cox

REGISTERED OFFICE:

19 Queen Elizabeth Street

London

SE1 2LP

REGISTERED NUMBER:

08071056 (England and Wales)

ACCOUNTANTS:

Gibsons Financial Limited

Chartered Accountants

Foresters Hall

25/27 Westow Street

Upper Norwood

London

SE19 3RY

CURRENT ASSETS

Stocks

252,500

252,500

Debtors

3

-

663

Cash in hand

100

100

252,600

253,263

CREDITORS

Amounts falling due within one year

4

(18,949

)

(599

)

NET CURRENT ASSETS

233,651

252,664

TOTAL ASSETS LESS CURRENT LIABILITIES

233,651

252,664

CREDITORS

Amounts falling due after more than one year

5

(256,666

)

(255,698

)

NET LIABILITIES

(23,015

)

(3,034

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

(23,115

)

(3,134

)

SHAREHOLDERS' FUNDS

(23,015

)

(3,034

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 8 December 2017 and were signed by:

Miss V A Cox - Director

1.	STATUTORY INFORMATION

AVDA Developments Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other

factors, including expectations of future events that are believed to be reasonable under the

circumstances.

The company does not consider there to be any critical judgements in applying accounting policies.

The company does not consider there to be any material sources of estimation uncertainty.

Stocks

Stocks, comprising land held for development, and work in progress is valued at the lower of cost and

net realisable value. Cost includes an appropriate proportion of overheads.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of

financial assets and liabilities like trade and other creditors and, loans from banks and other third

parties.

Debt instruments which are payable or receivable within one year are measured at the undiscounted

amount of cash consideration expected to be paid or received.

Debt instruments which are payable or receivable after more than one year are initially measured at

the fair value of the cash consideration and thereafter at amortised cost using the effective interest

method.

First time adoption of frs 102

The policies applied under the previous accounting framework are not materially different to FRS102

and have not impacted on equity or profit or loss.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

£

£

Prepayments

-

663

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

£

£

Accruals

18,949

599

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/17

31/3/16

£

£

Other Creditors

256,666

255,698

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/17

31/3/16

value:

£

£

100

Ordinary

1

100

100

7.	RELATED PARTY DISCLOSURES

Hollybrook Ltd, incorporated in England, funded the company's operational activities during the year.

At the balance sheet date £256,666 was owed by AVDA Developments Ltd to Hollybrook Ltd in

respect of this funding which is repayable on demand. The outstanding amount is included within

Creditors: amounts falling due within one year. Miss V A Cox is a director and shareholder of

Hollybrook Ltd.