Registered number
04043174
APM PROPERTIES LTD
Filleted Accounts
31 July 2023
APM PROPERTIES LTD
Registered number: 04043174
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 264 352
Current assets
Stocks 1,267,065 1,119,784
Cash at bank and in hand 2,789 2,399
1,269,854 1,122,183
Creditors: amounts falling due within one year 4 (144,407) (184,055)
Net current assets 1,125,447 938,128
Total assets less current liabilities 1,125,711 938,480
Creditors: amounts falling due after more than one year 5 (967,448) (823,676)
Net assets 158,263 114,804
Capital and reserves
Called up share capital 400 400
Profit and loss account 157,863 114,404
Shareholders' funds 158,263 114,804
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M J Frankum
Director
Approved by the board on 29 February 2024
APM PROPERTIES LTD
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 6,464
At 31 July 2023 6,464
Depreciation
At 1 August 2022 6,112
Charge for the year 88
At 31 July 2023 6,200
Net book value
At 31 July 2023 264
At 31 July 2022 352
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 10,556 4,205
Other creditors 133,851 179,850
144,407 184,055
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 6,285 8,888
Other creditors 961,163 814,788
967,448 823,676
6 Related party transactions
Other creditors falling due within one year include the following amounts due to the directors:-

A Richards £66,500 (2022: £74,500)
M Frankum £66,500 (2022: £71,500)

There are no fixed terms as to interest or repayment of these amounts.
7 Controlling party
The company is controlled by the directors.
8 Other information
APM PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
211 Battersea Bridge Road
Battersea
London SW11 3AP
APM PROPERTIES LTD 04043174 false 2022-08-01 2023-07-31 2023-07-31 VT Final Accounts October 2023 release 2 M J Frankum No description of principal activity 04043174 2021-08-01 2022-07-31 04043174 core:WithinOneYear 2022-07-31 04043174 core:AfterOneYear 2022-07-31 04043174 core:ShareCapital 2022-07-31 04043174 core:RetainedEarningsAccumulatedLosses 2022-07-31 04043174 2022-08-01 2023-07-31 04043174 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 04043174 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 04043174 bus:Director40 2022-08-01 2023-07-31 04043174 2 2022-08-01 2023-07-31 04043174 core:PlantMachinery 2022-08-01 2023-07-31 04043174 countries:England 2022-08-01 2023-07-31 04043174 bus:FRS102 2022-08-01 2023-07-31 04043174 bus:FullAccounts 2022-08-01 2023-07-31 04043174 2023-07-31 04043174 core:WithinOneYear 2023-07-31 04043174 core:AfterOneYear 2023-07-31 04043174 core:ShareCapital 2023-07-31 04043174 core:RetainedEarningsAccumulatedLosses 2023-07-31 04043174 core:PlantMachinery 2023-07-31 04043174 2022-07-31 04043174 core:PlantMachinery 2022-07-31 iso4217:GBP xbrli:pure