Company Registration No. 12357237 (England and Wales)
A&P INVESTING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
A&P INVESTING LTD
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
A&P INVESTING LTD
COMPANY INFORMATION
- 1 -
Directors
Mr P J Knock
Miss A Billett
Company number
12357237
Registered office
10 Bridge Street
Christchurch
Dorset
BH23 1EF
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
A&P INVESTING LTD
BALANCE SHEET
AS AT 31 MARCH 2022
31 March 2022
- 2 -
2022
2020
Notes
£
£
£
£
Fixed assets
Investment properties
3
1,295,000
-
0
Current assets
Debtors
4
100
1,085
Cash at bank and in hand
209,067
600,875
209,167
601,960
Creditors: amounts falling due within one year
5
(608,444)
(601,860)
Net current (liabilities)/assets
(399,277)
100
Total assets less current liabilities
895,723
100
Creditors: amounts falling due after more than one year
6
(793,221)
-
0
Provisions for liabilities
(19,513)
-
0
Net assets
82,989
100
Capital and reserves
Called up share capital
7
100
100
Revaluation reserve
123,514
-
0
Profit and loss reserves
(40,625)
-
0
Total equity
82,989
100
A&P INVESTING LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022
31 March 2022
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 10 August 2022 and are signed on its behalf by:
Mr P J Knock
Director
Company Registration No. 12357237
The notes on pages 4 to 7 form part of these financial statements
A&P INVESTING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022
- 4 -
1
Accounting policies
Company information

A&P Investing Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10 Bridge Street, Christchurch, Dorset, BH23 1EF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

The company has transitioned from preparing financial statements under FRS 105 micro-entity provisions to FRS 102 1A, this transition has had no impact on the company equity.

1.2
Reporting period

The company has extended its accounting year inorder to prepare annual financial statements to 31st March each year. This change in year end date will mean that the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.3
Turnover

The turnover shown in the profit and loss account represents amounts received in relation to property rental during the period.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

A&P INVESTING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2022
1
Accounting policies
(Continued)
- 5 -
1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2022
2020
Number
Number
Total
2
2
A&P INVESTING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2022
- 6 -
3
Investment property
2022
£
Fair value
At 1 January 2021
-
0
Additions
1,151,973
Revaluations
143,027
At 31 March 2022
1,295,000

The historical cost of the fixed asset investment property is £1,151,973.

4
Debtors
2022
2020
Amounts falling due within one year:
£
£
Other debtors
100
1,085
5
Creditors: amounts falling due within one year
2022
2020
£
£
Other creditors
608,444
601,860
6
Creditors: amounts falling due after more than one year
2022
2020
£
£
Bank loans and overdrafts
793,221
-
0

The borrowings are secured by property charges over the investment property held in the company name.

Creditors which fall due after five years are as follows:
2022
2020
£
£
Payable other than by instalments
793,221
-
A&P INVESTING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2022
- 7 -
7
Called up share capital
2022
2020
2022
2020
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Directors' transactions

The directors loan account was overdrawn by a maximum balance of £100 which was outstanding at the period end, this balance was repaid within 9 months of the period end.

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