AVDA Developments Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08071056 (England and Wales)

Financial Statements for the Year Ended 31 March 2018

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

Cash in hand

100

100

252,600

252,600

CREDITORS

Amounts falling due within one year

3

(25,019

)

(18,949

)

NET CURRENT ASSETS

227,581

233,651

TOTAL ASSETS LESS CURRENT LIABILITIES

227,581

233,651

CREDITORS

Amounts falling due after more than one year

4

(258,359

)

(256,666

)

NET LIABILITIES

(30,778

)

(23,015

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

6

(30,878

)

(23,115

)

SHAREHOLDERS' FUNDS

(30,778

)

(23,015

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 23 November 2018 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.

3.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Accruals

25,019

18,949

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/18

31/3/17

£

£

Other Creditors

258,359

256,666

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/18

31/3/17

value:

£

£

100

Ordinary

1

100

100

6.

RESERVES

Retained

earnings

£

At 1 April 2017

(23,115

)

Deficit for the year

(7,763

)

At 31 March 2018

(30,878

)

7.	RELATED PARTY DISCLOSURES

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

balance sheet date £258,359 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.