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Registration number: 03804360

APC Investments Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

APC Investments Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 7

 

APC Investments Limited

(Registration number: 03804360)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

199

399

Investment property

5

197,599

197,599

Other financial assets

6

360,646

353,648

 

558,444

551,646

Current assets

 

Debtors

7

-

159

Cash at bank and in hand

 

11,031

30,664

 

11,031

30,823

Creditors: Amounts falling due within one year

8

(10,695)

(1,156)

Net current assets

 

336

29,667

Total assets less current liabilities

 

558,780

581,313

Provisions for liabilities

(38)

(76)

Net assets

 

558,742

581,237

Capital and reserves

 

Called up share capital

269

269

Profit and loss account

558,473

580,968

Shareholders' funds

 

558,742

581,237

 

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 9 September 2024 and signed on its behalf by:
 

.........................................
Mr D Ebden
Company secretary and director

 

APC Investments Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

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

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

APC Investments Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 January 2023

14,983

14,983

Disposals

(14,983)

(14,983)

At 31 December 2023

-

-

Amortisation

At 1 January 2023

14,983

14,983

Amortisation eliminated on disposals

(14,983)

(14,983)

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

5

Investment properties

2023
£

At 1 January

197,599

At 31 December

197,599

 

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.

6

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

340,646

20,000

360,646

7

Debtors

2023
£

2022
£

Other debtors

-

159

-

159

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

10,695

1,156