AP & MP Limited
Unaudited Financial Statements
For the year ended 31 March 2023
Pages for Filing with Registrar
Company Registration No. 08213500 (England and Wales)
AP & MP Limited
Company Information
Director
A Powell
Company number
08213500
Registered office
Unit 5-6 Cappis House
Telford Road
Bicester
Oxfordshire
OX26 4LB
Accountants
Moore Kingston Smith LLP
Charlotte Building
17 Gresse Street
London
W1T 1QL
AP & MP Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
3 - 6
AP & MP Limited
Balance Sheet
As at 31 March 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
1,203,648
975,034
Current assets
Debtors
4
87,659
82,334
Cash at bank and in hand
138,619
499,467
226,278
581,801
Creditors: amounts falling due within one year
5
(450,768)
(386,423)
Net current (liabilities)/assets
(224,490)
195,378
Net assets
979,158
1,170,412
Capital and reserves
Called up share capital
6
2
1
Profit and loss reserves
979,156
1,170,411
Total equity
979,158
1,170,412

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

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 member has not required the company to obtain an audit of its financial statements for the year 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 and signed by the director and authorised for issue on 8 November 2023
A Powell
Director
Company Registration No. 08213500
AP & MP Limited
Statement of Changes in Equity
For the year ended 31 March 2023
Page 2
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 April 2021
1
147,637
147,638
Year ended 31 March 2022:
Profit and total comprehensive income for the year
-
183,505
183,505
Dividends
-
(180,000)
(180,000)
Balance at 31 March 2022
1
1,170,411
1,170,412
Year ended 31 March 2023:
Loss and total comprehensive income for the year
-
(16,255)
(16,255)
Issue of share capital
6
1
-
1
Dividends
-
(175,000)
(175,000)
Balance at 31 March 2023
2
979,156
979,158
AP & MP Limited
Notes to the Financial Statements
For the year ended 31 March 2023
Page 3
1
Accounting policies
Company information

AP & MP Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 5-6 Cappis House, Telford Road, Bicester, Oxfordshire, OX26 4LB.

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 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 £.

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

1.2
Going concern

These financial statements are prepared on the going concern basis. The director believes that the company will have sufficient funds to settle all of its liabilities as they fall due for at least 12 months from signing the accounts. true

 

As at the year end, the company had a net loss of £16,255 (2022: profit of £183,505) and net assets of £979,158 (2022: £1,170,411).

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.4
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Listed investments are stated at market value.

1.5
Cash at bank and in hand

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 only has basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic financial instruments measured at fair value.

AP & MP Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2023
1
Accounting policies
(Continued)
Page 4
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.8
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.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2023
2022
Number
Number
Total
1
1
AP & MP Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2023
Page 5
3
Current asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
100,000
100,000
Other investments other than loans
1,103,648
875,034
1,203,648
975,034
Movements in current asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 April 2022
100,000
875,034
975,034
Additions
-
1,825,726
1,825,726
Changes in market value
-
(21,365)
(21,365)
Gain/(Loss) on disposal
-
(61,050)
(61,050)
Disposals
-
(1,514,697)
(1,514,697)
At 31 March 2023
100,000
1,103,648
1,203,648
Carrying amount
At 31 March 2023
100,000
1,103,648
1,203,648
At 31 March 2022
100,000
875,034
975,034
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
60,557
60,557
Corporation tax recoverable
5,325
-
0
Amounts owed by group undertakings
21,777
21,777
87,659
82,334
AP & MP Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2023
Page 6
5
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
-
0
55,335
Other taxation and social security
2,736
30,717
Other creditors
443,032
295,621
Accruals and deferred income
5,000
4,750
450,768
386,423
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
ordinary share of £1 each
2
1
2
1
7
Related party transactions

Included in other debtors is an amount due from Exscien Training Limited of £21,777 (2022: £21,777).

 

During the year the company received management charges of £164,174 (2022: £145,224) from Soft Pauer Global Limited, a related party via mutual directorship. Included in trade debtors is £60,557 (2022: £60,557) owed by Soft Pauer Global Limited.

 

Included in other creditors is £443,032 (2022: £295,621) owed to the director.

 

During the year, the company paid dividends of £87,500 (2022: £90,000) to the director.

8
Controlling Party

The ultimate controlling party is A Powell, by virtue of his shareholding.

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