Registered number: 07670786
AVENUE 64 LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2021
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AVENUE 64 LIMITED
REGISTERED NUMBER: 07670786
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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AVENUE 64 LIMITED
REGISTERED NUMBER: 07670786
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 5 form part of these financial statements.
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AVENUE 64 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
The principal activity of the company is that of a holding company. The company is a private company limited by shares and is incorporated in England and Wales.
The address of its Registered Office is 4th Floor, 24 Old Bond Street, Mayfair, London, W1S 4AW.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The financial statements have been prepared on the going concern basis, which assumes that the Company will continue to meet its liabilities for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements.
Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
In the year, an intercompany creditor owed to the Company by a subsidiary was written off. Due to the size and nature of the transaction, this has been included in the accounts as an exceptional item.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
The Company recognises financial instruments when it becomes a party to the contractual arrangements of the instrument. Financial instruments are de-recognised when they are discharged or when the contractual terms expire. The Company's accounting policies in respect of financial instruments transactions are explained below:
Financial assets and financial liabilities are initially measured at fair value.
Financial assets
All recognised financial assets are subsequently measured in their entirety at either fair value or
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AVENUE 64 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
2.Accounting policies (continued)
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Financial instruments (continued)
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amortised cost, depending on the classification of the financial assets.
Financial liabilities
Financial liabilities which are neither contingent consideration of an acquirer in a business combination, held for trading, nor designated as at fair value through profit or loss are subsequently measured at amortised cost using the effective interest method. This is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial liability, or where appropriate a shorter period, to the amortised cost of a financial liability.
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The average monthly number of employees, including directors, during the year was 2 (2020 - 3).
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AVENUE 64 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
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Amounts owed by group undertakings
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Allotted, called up and fully paid
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54,258 (2020 - 54,300) A Ordinary Shares shares of £0.01 each
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16,482 (2020 - 16,500) B Ordinary Shares shares of £0.01 each
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7,860 (2020 - 7,900) C Ordinary Shares shares of £0.01 each
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60,600 (2020 - 60,600) D Ordinary Shares shares of £0.01 each
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3,216 (2020 - 3,200) E Ordinary Shares shares of £0.01 each
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10,600 (2020 - 10,600) F Ordinary Shares shares of £0.01 each
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Immediate and ultimate parent undertakings
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The immdeiate parent company is Chislett Limited, is a company incorporated under the laws of England and Wales.
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