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Company Registration No. 09497644 (England and Wales)
AP Property Limited Unaudited accounts for the year ended 29 March 2023
AP Property Limited Unaudited accounts Contents
Page
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AP Property Limited Company Information for the year ended 29 March 2023
Directors
Amit Kumar Patel Nima Patel
Company Number
09497644 (England and Wales)
Registered Office
Windsor House 130 Melton Road Leicester LE4 5ED United Kingdom
Accountants
ONAF Limited 27 Tilton Drive Oadby LE2 5WW
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AP Property Limited Statement of financial position as at 29 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
74,515 
74,515 
Current assets
Debtors
510 
- 
Cash at bank and in hand
1,761 
3,461 
2,271 
3,461 
Creditors: amounts falling due within one year
(82,199)
(84,115)
Net current liabilities
(79,928)
(80,654)
Net liabilities
(5,413)
(6,139)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(5,513)
(6,239)
Shareholders' funds
(5,413)
(6,139)
For the year ending 29 March 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by
Amit Kumar Patel Director Company Registration No. 09497644
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AP Property Limited Notes to the Accounts for the year ended 29 March 2023
1
Statutory information
AP Property Limited is a private company, limited by shares, registered in England and Wales, registration number 09497644. The registered office is Windsor House, 130 Melton Road, Leicester, LE4 5ED, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents rents receivable.
Investment property
Investment properties are held for their investment potential and not subject to periodic charges for depreciation.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
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AP Property Limited Notes to the Accounts for the year ended 29 March 2023
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
4
Investment property
2023 
£ 
Fair value at 30 March 2022
74,515 
At 29 March 2023
74,515 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
510 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
2,463 
Loans from directors
81,479 
81,292 
Accruals
720 
360 
82,199 
84,115 
7
Controlling party
The ultimate control of the company lies with the directors.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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