Silverfin false 31/03/2023 01/04/2022 31/03/2023 R H Games 02/03/2011 16 November 2023 The principal activity of the company during the financial year was letting of real estate. 07548032 2023-03-31 07548032 bus:Director1 2023-03-31 07548032 2022-03-31 07548032 core:CurrentFinancialInstruments 2023-03-31 07548032 core:CurrentFinancialInstruments 2022-03-31 07548032 core:Non-currentFinancialInstruments 2023-03-31 07548032 core:Non-currentFinancialInstruments 2022-03-31 07548032 core:ShareCapital 2023-03-31 07548032 core:ShareCapital 2022-03-31 07548032 core:RetainedEarningsAccumulatedLosses 2023-03-31 07548032 core:RetainedEarningsAccumulatedLosses 2022-03-31 07548032 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2023-03-31 07548032 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2022-03-31 07548032 core:CurrentFinancialInstruments 1 2023-03-31 07548032 core:CurrentFinancialInstruments 1 2022-03-31 07548032 bus:OrdinaryShareClass1 2023-03-31 07548032 2022-04-01 2023-03-31 07548032 bus:FullAccounts 2022-04-01 2023-03-31 07548032 bus:SmallEntities 2022-04-01 2023-03-31 07548032 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07548032 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07548032 bus:Director1 2022-04-01 2023-03-31 07548032 2021-04-01 2022-03-31 07548032 core:CurrentFinancialInstruments 2022-04-01 2023-03-31 07548032 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07548032 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07548032 (England and Wales)

A P SERVICES (UK) LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

A P SERVICES (UK) LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

A P SERVICES (UK) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
A P SERVICES (UK) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 124,693 124,693
124,693 124,693
Current assets
Debtors
- due within one year 4 0 16,643
- due after more than one year 4 91,399 91,399
Cash at bank and in hand 339,734 109,056
431,133 217,098
Creditors: amounts falling due within one year 5 ( 210,999) ( 500)
Net current assets 220,134 216,598
Total assets less current liabilities 344,827 341,291
Net assets 344,827 341,291
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 344,826 341,290
Total shareholder's funds 344,827 341,291

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

Director's responsibilities:

The financial statements of A P Services (UK) Limited (registered number: 07548032) were approved and authorised for issue by the Director on 16 November 2023. They were signed on its behalf by:

R H Games
Director
A P SERVICES (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
A P SERVICES (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

A P Services (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is County House, Bayshill Road, Cheltenham, GL50 3BA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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 creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Investment property

Investment property
£
Fair value
As at 01 April 2022 124,693
As at 31 March 2023 124,693

Assumptions

The 2023 valuations were made by the director, on an open market value for existing use basis.

4. Debtors

2023 2022
£ £
Debtors: amounts falling due within one year
Amounts owed by connected companies 0 16,516
Amounts owed by director 0 127
0 16,643
Debtors: amounts falling due after more than one year
Other debtors 91,399 91,399

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to connected companies 373 0
Accruals 550 500
Taxation and social security 559 0
Other creditors 209,517 0
210,999 500

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1