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REGISTERED NUMBER: 03666814 (England and Wales)














Aphesis Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2024






Aphesis Ltd (Registered number: 03666814)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aphesis Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: R Askham





SECRETARY: Miss J Askham





REGISTERED OFFICE: 10 Victoria Road South
Southsea
Hampshire
PO5 2DA





REGISTERED NUMBER: 03666814 (England and Wales)





ACCOUNTANTS: Barter Durgan
Chartered Accountants
10 Victoria Road South
Southsea
Hampshire
PO5 2DA

Aphesis Ltd (Registered number: 03666814)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,500,000 1,500,000
1,500,000 1,500,000

CURRENT ASSETS
Debtors 6 16,399 16,400
Cash at bank 725 12,745
17,124 29,145
CREDITORS
Amounts falling due within one year 7 8,976 13,688
NET CURRENT ASSETS 8,148 15,457
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,508,148

1,515,457

PROVISIONS FOR LIABILITIES 218,500 218,500
NET ASSETS 1,289,648 1,296,957

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 8 1,150,000 1,150,000
Retained earnings 138,648 145,957
SHAREHOLDERS' FUNDS 1,289,648 1,296,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Aphesis Ltd (Registered number: 03666814)

Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 August 2024 and were signed by:





R Askham - Director


Aphesis Ltd (Registered number: 03666814)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Aphesis Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

Aphesis Ltd (Registered number: 03666814)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023
and 31 May 2024 2,187
DEPRECIATION
At 1 June 2023
and 31 May 2024 2,187
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 1,500,000
NET BOOK VALUE
At 31 May 2024 1,500,000
At 31 May 2023 1,500,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors (2 ) (1 )
Due from related company 16,401 16,401
16,399 16,400

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation 4,817 10,150
Social security and other taxes 2,285 1,847
Directors' current accounts 74 11
Accrued expenses 1,800 1,680
8,976 13,688

Aphesis Ltd (Registered number: 03666814)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 1,150,000