ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

PENTONVILLE HOLDINGS LIMITED - Company Information

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Caseware UK (AP4) 2019.0.227 2019.0.227 2019-09-302019-09-30truefalse12018-09-13The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Real estate and management and lettingtrue 11567557 2018-09-12 11567557 2018-09-13 2019-09-30 11567557 2017-09-13 2018-09-12 11567557 2019-09-30 11567557 c:Director1 2018-09-13 2019-09-30 11567557 d:CurrentFinancialInstruments 2019-09-30 11567557 d:CurrentFinancialInstruments d:WithinOneYear 2019-09-30 11567557 d:ShareCapital 2019-09-30 11567557 d:RetainedEarningsAccumulatedLosses 2019-09-30 11567557 c:FRS102 2018-09-13 2019-09-30 11567557 c:AuditExempt-NoAccountantsReport 2018-09-13 2019-09-30 11567557 c:FullAccounts 2018-09-13 2019-09-30 11567557 c:PrivateLimitedCompanyLtd 2018-09-13 2019-09-30 11567557 6 2018-09-13 2019-09-30 iso4217:GBP xbrli:pure

Registered number: 11567557










APEX INVESTMENT GROUP LIMITED  (FORMERLY KNOWN AS KORBE LTD)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED ENDED 30 SEPTEMBER 2019
 
APEX INVESTMENT GROUP LIMITED
REGISTERED NUMBER: 11567557

BALANCE SHEET
AS AT 30 SEPTEMBER 2019

2019
Note
£

Fixed assets
  

Investments
 4 
3,090,673

  
3,090,673

Current assets
  

Debtors: amounts falling due within one year
 5 
225,291

Cash at bank and in hand
  
84,632

  
309,923

Creditors: amounts falling due within one year
 6 
(3,423,804)

Net current liabilities
  
 
 
(3,113,881)

Total assets less current liabilities
  
(23,208)

  

Net liabilities
  
(23,208)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(23,308)

  
(23,208)


The director considers 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 period ended in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 and delivered 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.
 
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APEX INVESTMENT GROUP LIMITED
REGISTERED NUMBER: 11567557
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2019


The Company has opted not to file the profit and loss account and directors report 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: 




P Benardout
Director
Date: 25 February 2021

The notes on pages 3 to 5 form part of these financial statements.

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APEX INVESTMENT GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ENDED 30 SEPTEMBER 2019

1.


General information

The company is a private company limited by shares and incorporated in England and Wales (11567557). The registered address is 27 Carmel Gate, 2 Havanna Drive, London, NW11 9BB. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis based on the continued support of the company's creditors and financiers which, in the opinion of the directors, the company has for the foreseeable future.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

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 debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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 Profit and loss account.

For financial assets measured at cost less impairment, the impairment loss is measured as the
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APEX INVESTMENT GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ENDED 30 SEPTEMBER 2019

2.Accounting policies (continued)


2.8
Financial instruments (continued)

difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the period ended was 1.


4.


Fixed asset investments







Investments in subsidiary companies

£



Cost


Additions
3,090,673



At 30 September 2019
3,090,673





5.


Debtors

2019
£


Amounts owed by group undertakings
195,785

Other debtors
29,506

225,291


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APEX INVESTMENT GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ENDED 30 SEPTEMBER 2019

6.


Creditors: Amounts falling due within one year

2019
£

Other creditors
3,421,705

Accruals and deferred income
2,099

3,423,804


Included in other creditors due within one year is a loan to the value of £1,312,500 which is secured on a property owned by the company's subsidiary undertaking.


7.


Related party transactions

Included in other debtors is an interest free loan repayable on demand to the value of £29,506 due from the director. 

 
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