1 false false false false false false false false false true false false false false false false No description of principal activity 2022-11-01 Sage Accounts Production Advanced 2021 - FRS102_2021 575 86 73 159 416 489 61,655 61,655 61,655 xbrli:pure xbrli:shares iso4217:GBP 13658393 2022-11-01 2023-10-31 13658393 2023-10-31 13658393 2022-10-31 13658393 2021-11-01 2022-10-31 13658393 2022-10-31 13658393 core:FurnitureFittings 2022-11-01 2023-10-31 13658393 bus:Director1 2022-11-01 2023-10-31 13658393 core:FurnitureFittings 2022-10-31 13658393 core:FurnitureFittings 2023-10-31 13658393 core:WithinOneYear 2023-10-31 13658393 core:WithinOneYear 2022-10-31 13658393 core:ShareCapital 2023-10-31 13658393 core:ShareCapital 2022-10-31 13658393 core:RetainedEarningsAccumulatedLosses 2023-10-31 13658393 core:RetainedEarningsAccumulatedLosses 2022-10-31 13658393 core:CostValuation core:Non-currentFinancialInstruments 2023-10-31 13658393 core:Non-currentFinancialInstruments 2023-10-31 13658393 core:Non-currentFinancialInstruments 2022-10-31 13658393 core:FurnitureFittings 2022-10-31 13658393 bus:Director1 2022-10-31 13658393 bus:Director1 2023-10-31 13658393 bus:Director1 2022-10-31 13658393 bus:Director1 2021-11-01 2022-10-31 13658393 bus:SmallEntities 2022-11-01 2023-10-31 13658393 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 13658393 bus:FullAccounts 2022-11-01 2023-10-31 13658393 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 13658393 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
COMPANY REGISTRATION NUMBER: 13658393
Advanced Property Solutions (Cumbria) Ltd
Filleted Unaudited Financial Statements
31 October 2023
Advanced Property Solutions (Cumbria) Ltd
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
416
489
Investments
6
61,655
61,655
-----------
-----------
62,071
62,144
Current assets
Cash at bank and in hand
548
2,809
Creditors: amounts falling due within one year
7
( 39,052)
( 44,304)
-----------
-----------
Net current liabilities
( 38,504)
( 41,495)
-----------
-----------
Total assets less current liabilities
23,567
20,649
-----------
-----------
Net assets
23,567
20,649
-----------
-----------
Advanced Property Solutions (Cumbria) Ltd
Statement of Financial Position (continued)
31 October 2023
2023
2022
Note
£
£
Capital and reserves
Called up share capital
1
1
Profit and loss account
23,566
20,648
-----------
-----------
Shareholders funds
23,567
20,649
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 21 February 2024 , and are signed on behalf of the board by:
Mr M McCauley
Director
Company registration number: 13658393
Advanced Property Solutions (Cumbria) Ltd
Notes to the Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Willow Drive, Whitehaven, Cumbria, CA28 8BH, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 November 2022 and 31 October 2023
575
575
-----------
-----------
Depreciation
At 1 November 2022
86
86
Charge for the year
73
73
-----------
-----------
At 31 October 2023
159
159
-----------
-----------
Carrying amount
At 31 October 2023
416
416
-----------
-----------
At 31 October 2022
489
489
-----------
-----------
6. Investments
Other investments other than loans
£
Cost
At 1 November 2022 and 31 October 2023
61,655
-----------
Impairment
At 1 November 2022 and 31 October 2023
-----------
Carrying amount
At 31 October 2023
61,655
-----------
At 31 October 2022
61,655
-----------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
1,213
4,782
Other creditors
37,839
39,522
-----------
-----------
39,052
44,304
-----------
-----------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr M McCauley
( 36,535)
( 312)
( 36,847)
-----------
-----------
-----------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr M McCauley
( 36,535)
( 36,535)
-----------
-----------
-----------