APA Property Holdings Limited
(Limited by Guarentee)
Unaudited Financial Statements
For the year ended 31 December 2023
Pages for Filing with Registrar
Company Registration No. 01975766 (England and Wales)
APA Property Holdings Limited
(Limited by Guarentee)
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
APA Property Holdings Limited
(Limited by Guarentee)
Balance Sheet
As at 31 December 2023
Page 1
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
28,985
29,385
Cash at bank and in hand
2,262
2,750
31,247
32,135
Creditors: amounts falling due within one year
4
(31,247)
(32,135)
Net current assets
-
0
-
0
Reserves
5
-
-

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 25 September 2024 and are signed on its behalf by:
S P Davies
Director
Company Registration No. 01975766
APA Property Holdings Limited
(Limited by Guarentee)
Notes to the Financial Statements
For the year ended 31 December 2023
Page 2
1
Accounting policies
Company information

APA Property Holdings Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 47 Beak Street, London, W1F 9SE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

 

1.6
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

APA Property Holdings Limited
(Limited by Guarentee)
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 3
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 3.

2023
2022
Number
Number
Total
3
3
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Service charges due
2,604
2,344
Other debtors
18,962
19,232
Prepayments and accrued income
7,419
7,809
28,985
29,385
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
-
0
1,848
Other creditors
20,805
20,805
Accruals and deferred income
10,442
9,482
31,247
32,135
5
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited.

6
Operating lease commitments

 

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2023
2022
£
£
47,738
111,388
APA Property Holdings Limited
(Limited by Guarentee)
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 4
7
Related party transactions

During the year, the company had rent receivable from the Advertising Producers Association of £103,114(2022: £98,662) in respect of rent, rates and service charges.

At the balance sheet date, included in other creditors were amounts due to the Advertising Producers Association of £16,898 (2022: £16,898).

The Advertising Producers Association is a related party by virtue of the fact that the directors of APA Property Holdings Limited are also council members of Advertising Producers Association.

8
Control
There is no ultimate controlling party.
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