Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falseOther letting and operating of own or leased real estate.2truetruefalse 05221001 2023-01-01 2023-12-31 05221001 2022-01-01 2022-12-31 05221001 2023-12-31 05221001 2022-12-31 05221001 c:Director2 2023-01-01 2023-12-31 05221001 d:Buildings 2023-01-01 2023-12-31 05221001 d:Buildings 2023-12-31 05221001 d:Buildings 2022-12-31 05221001 d:FurnitureFittings 2023-01-01 2023-12-31 05221001 d:FurnitureFittings 2023-12-31 05221001 d:FurnitureFittings 2022-12-31 05221001 d:CurrentFinancialInstruments 2023-12-31 05221001 d:CurrentFinancialInstruments 2022-12-31 05221001 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05221001 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05221001 d:ShareCapital 2023-12-31 05221001 d:ShareCapital 2022-12-31 05221001 d:RetainedEarningsAccumulatedLosses 2023-12-31 05221001 d:RetainedEarningsAccumulatedLosses 2022-12-31 05221001 c:FRS102 2023-01-01 2023-12-31 05221001 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05221001 c:FullAccounts 2023-01-01 2023-12-31 05221001 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05221001 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 05221001









APOLLO PROPERTY & MARINE LOGISTICS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
APOLLO PROPERTY & MARINE LOGISTICS LIMITED
REGISTERED NUMBER: 05221001

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,674,640
1,671,027

Current assets
  

Debtors: amounts falling due within one year
 6 
609
849

Cash at bank and in hand
  
30,784
76,132

  
31,393
76,981

Creditors: amounts falling due within one year
 7 
(343,956)
(412,029)

Net current liabilities
  
 
 
(312,563)
 
 
(335,048)

  

Net assets
  
1,362,077
1,335,979


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,362,076
1,335,978

  
1,362,077
1,335,979


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 August 2024.


................................................
R P Lundy Esq
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
APOLLO PROPERTY & MARINE LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Apollo Property & Marine Logistics Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered Office is Unit 7 Bourne Court, Southend Road, Woodford Green, Essex, England, IG8 8HD. The registered number is 05221001.
The principal activity of the Company during the year was that of letting and operating of real estate.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised by the Company in respect of rents received during the year in accordance with the rent agreements.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, SELECT OR ENTER METHOD.

Depreciation is provided on the following basis:

Fixtures and fittings
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of income and retained earnings.

  
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 2

 
APOLLO PROPERTY & MARINE LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the statement of income and retained earnings.

  
2.6

Creditors

Short term creditors are measured at transaction price, less any impairment.

  
2.7

Lease of assets

The Company receives rental income on assets held for use in operating leases. It recognises the rents on a straight line basis and accounts for costs over the life of the lease. 


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
a) Critical judgements in applying accounting policies
(i) Valuation of investment properties
The valuation of investment properties has been made by the director based on his personal expertise and knowledge of the market.
b) Critical accounting estimates and assumptions
The Company does not consider there to be any critical estimates and assumptions in applying accounting policies.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 3

 
APOLLO PROPERTY & MARINE LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Investment property
Fixtures and fittings
Total

£
£
£



Cost


At 1 January 2023
1,671,027
-
1,671,027


Additions
-
3,613
3,613



At 31 December 2023

1,671,027
3,613
1,674,640






Net book value



At 31 December 2023
1,671,027
3,613
1,674,640



At 31 December 2022
1,671,027
-
1,671,027

Page 4

 
APOLLO PROPERTY & MARINE LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
609
849



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,067
2,184

Corporation tax
6,374
73,330

Other creditors
335,015
335,015

Accruals and deferred income
1,500
1,500

343,956
412,029



8.


Lease of assets

The Company has aggregate rentals receivable in relation to operating leases of £70,121 (2022 - £80,504).
At 31 December 2023, the Company held fixed assets used in operating leases at a cost of £1,617,027 (2022- £1,617,027). There is no related depreciation (2022 - £Nil).


9.


Related party transactions

Included in other creditors at the year end are balances of £76,813 (2022 - £328,635) owed to companies under common control.


10.


Controlling party

The Company regards R P Lundy Esq as its ultimate controlling party.

 
Page 5