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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 4 MAY 2016 TO 31 MAY 2017 |
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AVALON VENTURE CAPITAL LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 4 MAY 2016 TO 31 MAY 2017 |
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FOR |
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AVALON VENTURE CAPITAL LIMITED |
AVALON VENTURE CAPITAL LIMITED (REGISTERED NUMBER: 10162893) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 4 May 2016 to 31 May 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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AVALON VENTURE CAPITAL LIMITED |
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COMPANY INFORMATION |
for the period 4 May 2016 to 31 May 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AVALON VENTURE CAPITAL LIMITED (REGISTERED NUMBER: 10162893) |
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BALANCE SHEET |
31 May 2017 |
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Notes | £ |
FIXED ASSETS |
Investments | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | 9 | ( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
AVALON VENTURE CAPITAL LIMITED (REGISTERED NUMBER: 10162893) |
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BALANCE SHEET - continued |
31 May 2017 |
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The financial statements were approved by the director on
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AVALON VENTURE CAPITAL LIMITED (REGISTERED NUMBER: 10162893) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the period 4 May 2016 to 31 May 2017 |
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1. | STATUTORY INFORMATION |
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Avalon Venture Capital Limited is a
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The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Notwithstanding that the company made a loss for the period and had net current liabilities and a |
shareholders' funds deficit at the balance sheet date, the financial statements have been prepared on a |
going concern basis as the director confirms his continued support for the foreseeable future. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss |
Account, except to the extent that it relates to items recognised in other comprehensive income or |
directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been |
enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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 period end and that are |
expected to apply to the reversal of the timing difference. |
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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. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange |
ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating |
result. |
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Fixed asset investments |
Fixed asset investments in the share capital of subsidiary companies are carried at cost. Provision for |
diminution in value is made where the director believes that any fall in value is likely to be permanent. |
AVALON VENTURE CAPITAL LIMITED (REGISTERED NUMBER: 10162893) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 4 May 2016 to 31 May 2017 |
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3. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
Additions |
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At 31 May 2017 |
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NET BOOK VALUE |
At 31 May 2017 |
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The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
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Registered office: Outside the United Kingdom |
Nature of business:
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Class of shares: | holding |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Other debtors |
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Other debtors represents amounts due from its subsidiary. |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | £1 | 100 |
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7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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Other creditors includes £8,908 due to the director. |
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8. | ULTIMATE CONTROLLING PARTY |
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The controlling party is M Danese. |
AVALON VENTURE CAPITAL LIMITED (REGISTERED NUMBER: 10162893) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 4 May 2016 to 31 May 2017 |
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9. | RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS |
£ |
Loss for the financial period | ( |
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New share capital subscribed | 100 |
Net reduction of shareholders' funds | (824 | ) |
Opening shareholders' funds | - |
Closing shareholders' funds | (824 | ) |
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Equity interests | (824 | ) |