COLDHARBOUR APL LIMITED

Company Registration Number:
11793749 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

COLDHARBOUR APL LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

COLDHARBOUR APL LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Investments: 3 3,156,621 3,164,621
Total fixed assets: 3,156,621 3,164,621
Current assets
Debtors:   1,529,001 1,589,871
Cash at bank and in hand: 14,154 986
Total current assets: 1,543,155 1,590,857
Creditors: amounts falling due within one year: 4 (488,380) (476,480)
Net current assets (liabilities): 1,054,775 1,114,377
Total assets less current liabilities: 4,211,396 4,278,998
Creditors: amounts falling due after more than one year: 5 (3,614,239) (4,697,855)
Total net assets (liabilities): 597,157 (418,857)
Capital and reserves
Called up share capital: 3 2
Share premium account: 1,098,378
Profit and loss account: (501,224) (418,859)
Shareholders funds: 597,157 (418,857)

The notes form part of these financial statements

COLDHARBOUR APL LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 March 2024
and signed on behalf of the board by:

Name: M. Beemer
Status: Director

The notes form part of these financial statements

COLDHARBOUR APL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

COLDHARBOUR APL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 3 3

COLDHARBOUR APL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Fixed investments

Investment property comprises 414 Coldharbour Lane, London. SW9 8LF. The vlauation was made on a cost basis by the directors.

COLDHARBOUR APL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

Trade creditors £5,100 (2022: £10,800)Other creditors £482,780 (2022: £465,680)Accruals and deferred income £500 (2022: £ Nil)

COLDHARBOUR APL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due after more than one year note

Other borrowings £1,471,647 (2022: £1,471,647)Amounts owed to group undertakings £2,142,592 (2022: £3,226,208)The long term loans are secured by fixed charges over the freehold property known as 414-416 Coldharbour Lane, Brixton, London. SW9 8LN and a floating charge over all the property of undertaking of hte company and contains a neagative pledge.

COLDHARBOUR APL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Related party transactions

Name of the related party: AG BRIXTON LENDER BV
Relationship:
Group company
Description of the Transaction: Senior mezzanine loan bearing interest at 3.85% compounding monthly.
£
Balance at 01 January 2023 1,645,000
Balance at 31 December 2023 1,645,000
Name of the related party: AG BRIXTON LENDER BV
Relationship:
Group company
Description of the Transaction: Mezzanine Loan bearing interest at 10.8% per annum compounding quarterly. The loan is due for repayment on the earlier of 31/07/2026 or the sale of the property or sale of ownership of the company.
£
Balance at 01 January 2023 482,831
Balance at 31 December 2023 482,831
Name of the related party: AG UK POPES ROAD COOPERATIEVE U A
Relationship:
Group company
Description of the Transaction: This lona bears no interest and has no fixed repayment date.
£
Balance at 01 January 2023 1,098,377
Balance at 31 December 2023 1,098,377
Name of the related party: AG Popes Road BV
Relationship:
Group company
Description of the Transaction: The loan bears no interest and has no fixed repayment date.
£
Balance at 01 January 2023 15,000
Balance at 31 December 2023 15,000
Name of the related party: AG Brixton Village BV
Relationship:
Group company
Description of the Transaction: The loan bears no interest and has no fixed repayment date.
£
Balance at 01 January 2023 307,846
Balance at 31 December 2023 399,428
Name of the related party: AG Market Row BV
Relationship:
Group company
Description of the Transaction: The loan bears no interest and has no fixed repayment date.
£
Balance at 01 January 2023 1,010,934
Balance at 31 December 2023 1,015,934

The parent company of Coldharbour APL Limited is AG UK Market Row Cooperatieve U.A. and its registered office is Vijzelstraat 72b - floor 7b, 1017 HL, Amsterdam, The Netherlands.