Registration number:
APC Investments Limited
for the Year Ended 31 December 2023
APC Investments Limited
(Registration number: 03804360)
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
|
Fixed assets |
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Tangible assets |
|
|
|
Investment property |
|
|
|
Other financial assets |
360,646 |
353,648 |
|
|
|
||
Current assets |
|||
Debtors |
- |
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Total assets less current liabilities |
|
|
|
Provisions for liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
|
|
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Shareholders' funds |
|
|
APC Investments Limited
(Registration number: 03804360)
Balance Sheet as at 31 December 2023
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.
Approved and authorised by the
......................................... |
APC Investments Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
UK
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the letting of property and income from investments in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
- The company recognises revenue when:
- The amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.
APC Investments Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
25% on cost |
Computer equipment |
Straight line over 3 years |
Investment property
Intangible assets
Separately acquired trademarks and licences are shown at historical cost. Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Trademarks, patents and licences |
Straight line over 7 years |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
APC Investments Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
Intangible assets |
Trademarks, patents and licenses |
Total |
|
Cost or valuation |
||
At 1 January 2023 |
|
|
Disposals |
( |
( |
At 31 December 2023 |
- |
- |
Amortisation |
||
At 1 January 2023 |
|
|
Amortisation eliminated on disposals |
( |
( |
At 31 December 2023 |
- |
- |
Carrying amount |
||
At 31 December 2023 |
- |
- |
APC Investments Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
Investment properties |
2023 |
|
At 1 January |
|
At 31 December |
|
APC Investments Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
The directors considers the valuation of investment properties to be at fair value without a valuation by an external valuer.
Other Financial Assets |
Investments held at fair value through profit and loss |
Investments at cost less impairment |
Total |
|
Non-current financial assets |
|||
Cost or valuation |
|||
At 1 January 2023 |
333,648 |
20,000 |
353,648 |
Fair value adjustments |
5,994 |
- |
5,994 |
Additions |
193,049 |
- |
193,049 |
Disposals |
(192,045) |
- |
(192,045) |
At 31 December 2023 |
340,646 |
20,000 |
360,646 |
Impairment |
|||
At 31 December 2023 |
- |
- |
- |
Carrying amount |
|||
At 31 December 2023 |
|
|
360,646 |
Debtors |
2023 |
2022 |
|
Other debtors |
- |
|
- |
|
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
|
Due within one year |
||
Other creditors |
10,695 |
1,156 |