IRIS Accounts Production v23.1.0.753 08548875 director 1.4.22 31.3.23 31.3.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure085488752022-03-31085488752023-03-31085488752022-04-012023-03-31085488752021-03-31085488752021-04-012022-03-31085488752022-03-3108548875ns15:EnglandWales2022-04-012023-03-3108548875ns14:PoundSterling2022-04-012023-03-3108548875ns10:Director12022-04-012023-03-3108548875ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3108548875ns10:SmallEntities2022-04-012023-03-3108548875ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3108548875ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108548875ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3108548875ns10:FullAccounts2022-04-012023-03-310854887512022-04-012023-03-3108548875ns10:OrdinaryShareClass12022-04-012023-03-3108548875ns10:RegisteredOffice2022-04-012023-03-3108548875ns5:CurrentFinancialInstruments2023-03-3108548875ns5:CurrentFinancialInstruments2022-03-3108548875ns5:ShareCapital2023-03-3108548875ns5:ShareCapital2022-03-3108548875ns5:RetainedEarningsAccumulatedLosses2023-03-3108548875ns5:RetainedEarningsAccumulatedLosses2022-03-3108548875ns5:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3108548875ns5:FurnitureFittings2022-04-012023-03-3108548875ns5:ComputerEquipment2022-04-012023-03-3108548875ns5:NetGoodwill2022-03-3108548875ns5:NetGoodwill2023-03-3108548875ns5:NetGoodwill2022-03-3108548875ns5:FurnitureFittings2022-03-3108548875ns5:ComputerEquipment2022-03-3108548875ns5:FurnitureFittings2023-03-3108548875ns5:ComputerEquipment2023-03-3108548875ns5:FurnitureFittings2022-03-3108548875ns5:ComputerEquipment2022-03-3108548875ns5:CostValuation2022-03-3108548875ns5:AdditionsToInvestments2023-03-3108548875ns5:RevaluationsIncreaseDecreaseInInvestments2023-03-3108548875ns5:CostValuation2023-03-3108548875ns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 08548875 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

AKPL LIMITED

AKPL LIMITED (REGISTERED NUMBER: 08548875)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AKPL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Dr A Lim





REGISTERED OFFICE: 2 Jardine House
The Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 08548875 (England and Wales)





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

AKPL LIMITED (REGISTERED NUMBER: 08548875)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 69 88
Investments 6 1,023,785 999,086
1,023,854 999,174

CURRENT ASSETS
Debtors 7 17,919 19,687
Cash at bank 584,582 513,836
602,501 533,523
CREDITORS
Amounts falling due within one year 8 64,107 57,593
NET CURRENT ASSETS 538,394 475,930
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,562,248

1,475,104

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,562,148 1,475,004
SHAREHOLDERS' FUNDS 1,562,248 1,475,104

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

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

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.

AKPL LIMITED (REGISTERED NUMBER: 08548875)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





Dr A Lim - Director


AKPL LIMITED (REGISTERED NUMBER: 08548875)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

AKPL 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

AKPL LIMITED (REGISTERED NUMBER: 08548875)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 55,000
AMORTISATION
At 1 April 2022
and 31 March 2023 55,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 200 600 800
DEPRECIATION
At 1 April 2022 178 534 712
Charge for year 5 14 19
At 31 March 2023 183 548 731
NET BOOK VALUE
At 31 March 2023 17 52 69
At 31 March 2022 22 66 88

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 999,086
Additions 100,000
Share of profit/(loss) (30,392 )
Revaluations (52,734 )
Dividends received 7,825
At 31 March 2023 1,023,785
NET BOOK VALUE
At 31 March 2023 1,023,785
At 31 March 2022 999,086

AKPL LIMITED (REGISTERED NUMBER: 08548875)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2020 (66,800 )
Valuation in 2021 119,361
Valuation in 2022 (3,475 )
Valuation in 2023 (75,301 )
Cost 1,050,000
1,023,785

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Prepayments and accrued income 17,919 19,687

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Corporation tax 38,271 38,228
Social security and other taxes 557 658
Directors' current accounts 23,599 17,027
Accruals and deferred income 1,680 1,680
64,107 57,593

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr A Lim.