IRIS Accounts Production v24.2.0.383 07174423 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071744232023-03-31071744232024-03-31071744232023-04-012024-03-31071744232022-03-31071744232022-04-012023-03-31071744232023-03-3107174423ns15:EnglandWales2023-04-012024-03-3107174423ns14:PoundSterling2023-04-012024-03-3107174423ns10:Director12023-04-012024-03-3107174423ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107174423ns10:SmallEntities2023-04-012024-03-3107174423ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107174423ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107174423ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107174423ns10:FullAccounts2023-04-012024-03-3107174423ns10:Director22023-04-012024-03-3107174423ns10:RegisteredOffice2023-04-012024-03-3107174423ns5:CurrentFinancialInstruments2024-03-3107174423ns5:CurrentFinancialInstruments2023-03-3107174423ns5:Non-currentFinancialInstruments2024-03-3107174423ns5:Non-currentFinancialInstruments2023-03-3107174423ns5:ShareCapital2024-03-3107174423ns5:ShareCapital2023-03-3107174423ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3107174423ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3107174423ns5:RetainedEarningsAccumulatedLosses2024-03-3107174423ns5:RetainedEarningsAccumulatedLosses2023-03-3107174423ns5:FurnitureFittings2023-04-012024-03-3107174423ns5:FurnitureFittings2023-03-3107174423ns5:FurnitureFittings2024-03-3107174423ns5:FurnitureFittings2023-03-3107174423ns5:CostValuation2023-03-3107174423ns5:DisposalsRepaymentsInvestments2024-03-3107174423ns5:CostValuation2024-03-3107174423ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107174423ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107174423ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-31
REGISTERED NUMBER: 07174423 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

A P S PTY LIMITED

A P S PTY LIMITED (REGISTERED NUMBER: 07174423)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


A P S PTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: K D Lucas
A J Munford





REGISTERED OFFICE: No 6 The Dell
Enterprise Drive
Four Ashes
Wolverhampton
West Midlands
WV10 7DF





REGISTERED NUMBER: 07174423 (England and Wales)





ACCOUNTANTS: Howards Limited
Chartered Certified Accountants
Newport House
Newport Road
Stafford
Staffordshire
ST16 1DA

A P S PTY LIMITED (REGISTERED NUMBER: 07174423)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 1,986 2,369
Investments 5 24 31
Investment property 6 670,000 670,000
672,010 672,400

Current assets
Debtors 7 115 -
Cash at bank and in hand 226,151 302
226,266 302
Creditors
Amounts falling due within one year 8 (70,718 ) (61,014 )
Net current assets/(liabilities) 155,548 (60,712 )
Total assets less current liabilities 827,558 611,688

Creditors
Amounts falling due after more than one
year

9

(515,915

)

(531,236

)
Net assets 311,643 80,452

Capital and reserves
Called up share capital 200 200
Fair value reserve 10 38,986 38,986
Retained earnings 272,457 41,266
311,643 80,452

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

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

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th August 2024 and were signed on its behalf by:



A J Munford - Director


A P S PTY LIMITED (REGISTERED NUMBER: 07174423)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

A P S PTY Limited 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.

The principal activity of the company is the provision of premises from which Shindaiwa Ltd trade

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


A P S PTY LIMITED (REGISTERED NUMBER: 07174423)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st April 2023
and 31st March 2024 39,420
DEPRECIATION
At 1st April 2023 37,051
Charge for year 383
At 31st March 2024 37,434
NET BOOK VALUE
At 31st March 2024 1,986
At 31st March 2023 2,369

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2023 31
Disposals (7 )
At 31st March 2024 24
NET BOOK VALUE
At 31st March 2024 24
At 31st March 2023 31

A P S PTY LIMITED (REGISTERED NUMBER: 07174423)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 670,000
NET BOOK VALUE
At 31st March 2024 670,000
At 31st March 2023 670,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 115 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 264
Amounts owed to group undertakings 56,101 15,035
Taxation and social security 1,355 650
Other creditors 13,262 45,065
70,718 61,014

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 515,915 531,236

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 456,915 472,236

10. RESERVES
Fair
value
reserve
£   
At 1st April 2023
and 31st March 2024 38,986