Registered number
04153423
APS Investments Limited
Filleted Accounts
31 July 2023
APS Investments Limited
Registered number: 04153423
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 612,865 612,865
Current assets
Debtors 4 224,266 202,427
Cash at bank and in hand 15,474 9,555
239,740 211,982
Creditors: amounts falling due within one year 5 (284,234) (185,232)
Net current (liabilities)/assets (44,494) 26,750
Total assets less current liabilities 568,371 639,615
Creditors: amounts falling due after more than one year 6 (449,870) (449,870)
Net assets 118,501 189,745
Capital and reserves
Called up share capital 2 2
Fair value reserve 8 250,134 250,134
Profit and loss account (131,635) (60,391)
Shareholders' funds 118,501 189,745
The director is 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 director acknowledges his 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.
A Alexandrou
Director
Approved by the board on 16 April 2024
APS Investments Limited
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 represents the value, net of value added tax of rents receivable, and on agent fees receivable.
Tangible fixed assets
Investment properties are re-valued annually at fair value and the aggregate surplus or deficit is transferred to the profit and loss account. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS102. The directors consider that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt FRS102 in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been reduced by the amount of depreciation.
Investment property Nil
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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Investment properties
£
Fair value
At 1 August 2022 612,865
At 31 July 2023 612,865
Depreciation
At 31 July 2023 -
Fair value
At 31 July 2023 612,865
At 31 July 2022 612,865
Freehold land and buildings: 2023 2022
£ £
Historical cost 362,731 362,731
Cumulative depreciation based on historical cost - -
362,731 362,731
Investment properties have been revalued by the director at the period end at the fair open market value.
4 Debtors 2023 2022
£ £
Other debtors 224,266 202,427
5 Creditors: amounts falling due within one year 2023 2022
£ £
Associated company loans 281,814 155,814
Director's loan 960 26,498
Other creditors 1,460 2,920
284,234 185,232
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 449,870 449,870
7 Loans 2023 2022
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 449,870 449,870
Secured bank loans 449,870 449,870
The investment properties have been secured by way of legal mortgage and fixed charge over the assets of the company.
8 Fair value reserve 2023 2022
£ £
At 1 August 2022 250,134 250,134
At 31 July 2023 250,134 250,134
9 Related party transactions
During the year, the company received rent of £19,905 from Atlantic Lodge (Housing) Limited, (2022 - £18,780), company in which the director A Alexandrou holds an interest. This transaction was on a commercial arms length basis.

During the year the company was loaned £281,814 by Atlantic Lodge (Housing) Limited, included in creditors (2022 - £155,814).

This is a company in which the director A Alexandrou holds an interest.
No interest is charged on this loan.
10 Controlling party
During the period under review, the company was under control by its director, A Alexandrou, by virtue of 100% ownership of the issued share capital (jointly with his wife).
11 Other information
APS Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Atlantic Business Centre
1 The Green
London
E4 7ES
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