Company No:
Contents
DIRECTOR | Mr G Birchmore |
REGISTERED OFFICE | Avenel House |
Long drag | |
Tiverton | |
United Kingdom |
COMPANY NUMBER | 11905799 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Centenary House | |
Peninsula Park | |
Rydon Lane | |
Exeter | |
Devon EX2 7XE |
Note | 2021 | 2020 | ||
£ | £ | |||
Restated - note 2 | ||||
Fixed assets | ||||
Tangible assets | 4 |
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689,513 | 690,995 | |||
Creditors | ||||
Amounts falling due within one year | 5 | (
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Net current liabilities | (239,615) | (229,788) | ||
Total assets less current liabilities | 449,898 | 461,207 | ||
Creditors | ||||
Amounts falling due after more than one year | 6 | (
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Net liabilities | (
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Capital and reserves | ||||
Called-up share capital | 7 |
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Profit and loss account | (
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Total shareholder's deficit | (
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Director's responsibilities:
The financial statements of Avenel Ltd (registered number:
Mr G Birchmore
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year.
Avenel Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Avenel House, Long drag, Tiverton, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.
The functional currency of Avenel Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
The director has also considered the impact of COVID-19 and believes that the financial support currently provided is sufficient for the company to continue to trade for the foreseeable future, and therefore the financial statements have been prepared on a going concern basis.
Fixtures and fittings - 20% straight line
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
2021 | 2020 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Investment property | Fixtures and fittings | Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 April 2020 |
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At 31 March 2021 |
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Accumulated depreciation | |||||
At 01 April 2020 |
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Charge for the financial year |
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At 31 March 2021 |
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Net book value | |||||
At 31 March 2021 |
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At 31 March 2020 |
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2021 | 2020 | ||
£ | £ | ||
Other creditors |
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2021 | 2020 | ||
£ | £ | ||
Bank loans (secured) |
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The director has also provided a personal guarantee in relation to the bank borrowings.
2021 | 2020 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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