APEL69 Ltd - Accounts to registrar (filleted) - small 18.2
APEL69 Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 16 FEBRUARY 2017 |
| FOR |
| APEL69 LTD |
| APEL69 LTD (REGISTERED NUMBER: 07532743) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 16 February 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| APEL69 LTD |
| COMPANY INFORMATION |
| for the Year Ended 16 February 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Langley House |
| Park Road |
| East Finchley |
| London |
| N2 8EY |
| APEL69 LTD (REGISTERED NUMBER: 07532743) |
| STATEMENT OF FINANCIAL POSITION |
| 16 February 2017 |
| 16.2.17 | 16.2.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Prepayments and accrued income |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| 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. |
| APEL69 LTD (REGISTERED NUMBER: 07532743) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 16 February 2017 |
| 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 |
| APEL69 LTD (REGISTERED NUMBER: 07532743) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 16 February 2017 |
| 1. | STATUTORY INFORMATION |
| Apel69 Ltd is private company, limited by shares, registered in England and Wales. The company's registration |
| number is 07532743 and the registered office address is 1 Saxon Way, London, England, N14 4RU. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the going concern basis. The director is of the opinion that the |
| shareholders will continue to support it, and provide adequate funding when necessary to enable it to meet its |
| obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of |
| the financial statements. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Motor vehicles | - |
| Computer equipment | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in profit or loss. |
| The directors have made key assumptions in the determination of the fair value of an investment property in |
| respect of the state of the property market in the location where the property is situated and in respect of the |
| range of reasonable fair value estimates of the asset. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position date. |
| 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 year end and that are expected to apply to the reversal of the |
| timing difference. |
| 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. |
| APEL69 LTD (REGISTERED NUMBER: 07532743) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 16 February 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of financial |
| assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to |
| related parties and investments in non-puttable ordinary shares. |
| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other |
| accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently |
| amortised cost using the effective interest method. Debt instruments that are payable or receivable within one |
| year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount |
| of the cash or other consideration expected to be paid or received. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for |
| objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised |
| in the Statement of Comprehensive Income. |
| Provisions |
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the |
| reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the |
| obligation and the amount of the obligation can be estimated reliably. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 17 February 2016 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 16 February 2017 |
| DEPRECIATION |
| At 17 February 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 16 February 2017 |
| NET BOOK VALUE |
| At 16 February 2017 |
| At 16 February 2016 |
| APEL69 LTD (REGISTERED NUMBER: 07532743) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 16 February 2017 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 17 February 2016 |
| and 16 February 2017 |
| NET BOOK VALUE |
| At 16 February 2017 |
| At 16 February 2016 |
| In the opinion of director, there were no material movement between costs and fair value of investment property. |
| The historical cost of the above investment properties is £774,297 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 16.2.17 | 16.2.16 |
| £ | £ |
| Trade debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 16.2.17 | 16.2.16 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors | ( |
) | ( |
) |
| Taxation and social security |
| Other creditors |
| Included within other creditors are accrued expenses of £58,633 (2015: £52,500) |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 16.2.17 | 16.2.16 |
| £ | £ |
| Hire purchase contracts |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 16.2.17 | 16.2.16 |
| £ | £ |
| Bank loans |
| Bank loans are secured against company's investment property. |
| APEL69 LTD (REGISTERED NUMBER: 07532743) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 16 February 2017 |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 17 February 2016 |
| Deficit for the year | ( |
) |
| Dividends | ( |
) |
| At 16 February 2017 |