Registration number:
Apsley Estates Ltd
for the Year Ended 28 February 2023
Apsley Estates Ltd
Contents
Company Information |
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Accountants' Report |
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
Apsley Estates Ltd
Company Information
Directors |
Mrs Victoria Berensen Mr Geoffrey Dart |
Registered office |
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Accountants |
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Apsley Estates Ltd
for the Year Ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Apsley Estates Ltd for the year ended 28 February 2023 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Apsley Estates Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Apsley Estates Ltd and state those matters that we have agreed to state to the Board of Directors of Apsley Estates Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Apsley Estates Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Apsley Estates Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Apsley Estates Ltd. You consider that Apsley Estates Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Apsley Estates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Chartered Accountants
Salmons Lane
Colchester
Essex
CO6 1RY
Apsley Estates Ltd
(Registration number: 03954737)
Abridged Balance Sheet as at 28 February 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Investments |
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Other financial assets |
129,785 |
234,575 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
2 |
2 |
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Retained earnings |
34,077 |
127,406 |
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Shareholders' funds |
34,079 |
127,408 |
For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
Apsley Estates Ltd
(Registration number: 03954737)
Abridged Balance Sheet as at 28 February 2023
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Apsley Estates Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
15% straight line |
Office equipment |
33% straight line |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Apsley Estates Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023
Loss before tax |
Arrived at after charging/(crediting)
2023 |
2022 |
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Depreciation expense |
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Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 March 2022 |
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Additions |
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At 28 February 2023 |
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Depreciation |
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At 1 March 2022 |
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Charge for the year |
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At 28 February 2023 |
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Carrying amount |
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At 28 February 2023 |
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At 28 February 2022 |
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Apsley Estates Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023
Investments |
Subsidiaries |
£ |
Cost or valuation |
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At 1 March 2022 |
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Provision |
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At 1 March 2022 |
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Carrying amount |
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At 28 February 2023 |
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At 28 February 2022 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2023 |
2022 |
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Subsidiary undertakings |
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Unit 3 Upp Hall Farm
England |
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Unit 3 Upp Hall Farm, Salmons Lane, Colchester, Essex, CO6 1RY England |
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Unit 3 Upp Hall Farm, Salmons Lane, Colchester, Essex, CO6 1RY England |
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Apsley Estates Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023
Subsidiary undertakings |
Chesterfield Capital Ltd The principal activity of Chesterfield Capital Ltd is |
Brent Tree Estates Ltd (formerly Photonics UV Ltd) The principal activity of Brent Tree Estates Ltd (formerly Photonics UV Ltd) is |
Gilbert Capital Ltd The principal activity of Gilbert Capital Ltd is |
Apsley Estates Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023
Other investments in shares |
Other investments in shares at fair value less impairment |
Total |
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Other investments in shares |
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Cost or valuation |
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At 1 March 2022 |
258,080 |
258,080 |
Revaluations |
(111,380) |
(111,380) |
Additions |
59,810 |
59,810 |
Disposals |
(53,225) |
(53,225) |
At 28 February 2023 |
153,285 |
153,285 |
Impairment |
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At 1 March 2022 |
23,500 |
23,500 |
At 28 February 2023 |
23,500 |
23,500 |
Carrying amount |
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At 28 February 2023 |
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129,785 |
The market value of the listed investments at 28 February 2023 was £89,616 (2022 - £175,771).
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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2 |
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2 |
Dividends |
2023 |
2022 |
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£ |
£ |
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Interim dividend of £ |
8,000 |
4,000 |
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Apsley Estates Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023
Related party transactions |
Transactions with directors |
2023 |
At 1 March 2022 |
Advances to director |
Repayments by director |
At 28 February 2023 |
Mrs Victoria Berensen |
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Directors loan account |
( |
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( |
( |
2022 |
At 1 March 2021 |
Advances to director |
Repayments by director |
At 28 February 2022 |
Mrs Victoria Berensen |
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Directors loan account |
( |
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( |
( |
Directors' remuneration
The directors' remuneration for the year was as follows:
2023 |
2022 |
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Remuneration |
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In respect of the highest paid director:
2023 |
2022 |
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Remuneration |
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Summary of transactions with subsidiaries
At 28th February 2022 the company owed £30,082 (2022 : £30,122) to Gibert Capital Ltd and Chesterfield Capital Ltd owed £195,664 (2022 : £146,939) to the company.
All loans between the company and its subsidiaries are interest free and have no fixed repayment date