Apollo Estates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03595727 (England and Wales)

Financial Statements for the Year Ended 31 August 2023

for

Apollo Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Nackvi

E A Nackvi

SECRETARY:

Ms M Outarikt

REGISTERED OFFICE:

Mount Apollo

Mounts Hill

Windsor

SL4 4RH

REGISTERED NUMBER:

03595727 (England and Wales)

FIXED ASSETS

Tangible assets

4

4,616

12,479

Investment property

5

850,000

1,036,931

854,616

1,049,410

CURRENT ASSETS

Debtors

6

-

4,435

Cash at bank and in hand

7,644

37,569

7,644

42,004

CREDITORS

Amounts falling due within one year

7

1,228,530

1,970,354

NET CURRENT LIABILITIES

(1,220,886

)

(1,928,350

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(366,270

)

(878,940

)

CAPITAL AND RESERVES

Called up share capital

8

12,000

Share premium

9

243,000

Revaluation reserve

9

515,824

200,000

Retained earnings

9

(1,137,094

)

(1,333,940

)

SHAREHOLDERS' FUNDS

(366,270

)

(878,940

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2024 and were signed on its behalf by:

S Nackvi - Director

1.	STATUTORY INFORMATION

Apollo Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

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.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The accounts have been prepared on the assumption that the company is able to carry on business as a going concern which the directors consider appropriate having regard to the circumstances outlined below:

At the balance sheet date the company's liabilities exceeded its assets. The company however has received assurance from its directors/shareholders that they will continue to give financial support to the company for at least twelve months from the date of signing these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 September 2022

and 31 August 2023

39,316

DEPRECIATION

At 1 September 2022

26,837

Charge for year

7,863

At 31 August 2023

34,700

NET BOOK VALUE

At 31 August 2023

4,616

At 31 August 2022

12,479

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2022

1,036,931

Disposals

(502,755

)

Revaluations

315,824

At 31 August 2023

850,000

NET BOOK VALUE

At 31 August 2023

850,000

At 31 August 2022

1,036,931

Fair value at 31 August 2023 is represented by:

£

Valuation in 2023

850,000

The investment property was valued on an open market basis on 30 August 2023 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

Trade debtors

-

(908

)

Other debtors

-

5,343

-

4,435

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

Amounts owed to associates

61,612

59,612

Social security and other taxes

1,020

1,459

Other creditors

1,149,129

1,909,129

Net wages

-

1

Pension contributions

-

153

Directors' current accounts

14,369

-

Accrued expenses

2,400

-

1,228,530

1,970,354

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.23

31.8.22

value:

£

12,000

Ordinary

1

12,000

9.

RESERVES

Retained

Share

Revaluation

earnings

premium

reserve

Totals

£

At 1 September 2022

(1,333,940

)

243,000

200,000

(890,940

)

Profit for the year

196,846

Investment prop revaluation

-

315,824

At 31 August 2023

(1,137,094

)

243,000

515,824

(378,270

)

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, balance payable to the director, Shezi Nackvi, amounted to £14,369. This balance is interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by Shezi Nackvi by virtue of his 100% controlling interest in the company.

Apollo Estates Limited - Accounts to registrar (filleted) - small 23.2.5

Apollo Estates Limited - Accounts to registrar (filleted) - small 23.2.5