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REGISTERED NUMBER: 12716142 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 1 AUGUST 2021 TO 31 DECEMBER 2022

FOR

APEPT LTD

APEPT LTD (REGISTERED NUMBER: 12716142)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


APEPT LTD

COMPANY INFORMATION
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022







DIRECTORS: A Productions Limited
Mrs K A McQueen
A M Taylor





REGISTERED OFFICE: 52 Old Market Street
Bristol
BS2 0ER





REGISTERED NUMBER: 12716142 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

APEPT LTD (REGISTERED NUMBER: 12716142)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 4 263,287 482,587

CREDITORS
Amounts falling due within one year 5 178,232 169,078
NET CURRENT ASSETS 85,055 313,509
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,055

313,509

CAPITAL AND RESERVES
Called up share capital 6 200 200
Retained earnings 84,855 313,309
SHAREHOLDERS' FUNDS 85,055 313,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 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 30 September 2023 and were signed on its behalf by:





A M Taylor - Director


APEPT LTD (REGISTERED NUMBER: 12716142)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022

1. STATUTORY INFORMATION

APEPT Ltd 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.

Turnover
Turnover represents amounts earned from the sale of goods and services provided during the period.

In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the period, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Taxation
Taxation for the period 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 period 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.

APEPT LTD (REGISTERED NUMBER: 12716142)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

Going concern
The directors have reviewed the going concern status of the business for the foreseeable future and have concluded that they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 21,785 75,962
Corporation tax recoverable 241,502 313,309
Prepayments and accrued income - 93,316
263,287 482,587

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 21,585 75,762
Accruals and deferred income 156,647 93,316
178,232 169,078

APEPT LTD (REGISTERED NUMBER: 12716142)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
200 Ordinary £1 200 200

7. RELATED PARTY DISCLOSURES

During the period the company made purchases of £1,209,027 (July 2021 - £1,568,878) from it's parent company, A Productions Limited. At 31 December 2022 the company owed £21,585 (July 2021 - £75,762) to A Productions Limited. No interest is charged on this balance.

8. ULTIMATE CONTROLLING PARTY

The immediate parent company A Productions Limited was under the control of A M Taylor and his wife and Mrs K A McQueen until 22 December 2021 when Cyber Group Studios acquired a controlling interest in A Productions Limited.

There is no one ultimate controlling party of Cyber Group Studios.

9. ULTIMATE PARENT COMPANY

A Productions Limited, a company registered in England and Wales, is the immediate parent company by virtue of it's 100% interest in the share capital of APEPT Ltd.

On 22 December 2021, Cyber Group Studios, a company registered in France, acquired a controlling interest in A Productions Limited and became the ultimate parent company.