IRIS Accounts Production v24.1.0.578 14418744 director 14.10.22 31.10.23 31.10.23 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh144187442022-10-13144187442023-10-31144187442022-10-142023-10-31144187442022-10-1314418744ns15:EnglandWales2022-10-142023-10-3114418744ns14:PoundSterling2022-10-142023-10-3114418744ns10:Director12022-10-142023-10-3114418744ns10:PrivateLimitedCompanyLtd2022-10-142023-10-3114418744ns10:SmallEntities2022-10-142023-10-3114418744ns10:AuditExempt-NoAccountantsReport2022-10-142023-10-3114418744ns10:SmallCompaniesRegimeForDirectorsReport2022-10-142023-10-3114418744ns10:SmallCompaniesRegimeForAccounts2022-10-142023-10-3114418744ns10:FullAccounts2022-10-142023-10-3114418744ns10:RegisteredOffice2022-10-142023-10-3114418744ns5:CurrentFinancialInstruments2023-10-3114418744ns5:Non-currentFinancialInstruments2023-10-3114418744ns5:ShareCapital2023-10-3114418744ns5:RetainedEarningsAccumulatedLosses2023-10-3114418744ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3114418744ns5:Secured2023-10-31
REGISTERED NUMBER: 14418744 (England and Wales)















Financial Statements for the Period 14 October 2022 to 31 October 2023

for

APG Scarisbrick Limited

APG Scarisbrick Limited (Registered number: 14418744)






Contents of the Financial Statements
for the Period 14 October 2022 to 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


APG Scarisbrick Limited

Company Information
for the Period 14 October 2022 to 31 October 2023







DIRECTOR: T R Muir





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 14418744 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

APG Scarisbrick Limited (Registered number: 14418744)

Balance Sheet
31 October 2023

Notes £   
CURRENT ASSETS
Stocks 4 724,193
Debtors 5 120,423
844,616
CREDITORS
Amounts falling due within one year 6 400,614
NET CURRENT ASSETS 444,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

444,002

CREDITORS
Amounts falling due after more than
one year

7

445,222
NET LIABILITIES (1,220 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (1,320 )
(1,220 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10 October 2024 and were signed by:



T R Muir - Director


APG Scarisbrick Limited (Registered number: 14418744)

Notes to the Financial Statements
for the Period 14 October 2022 to 31 October 2023

1. STATUTORY INFORMATION

APG Scarisbrick 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

In accordance with FRS 102 para 25.2 the company adopts a policy of capitalising borrowing costs that are directly attributable to acquisition, construction, and production of a qualifying asset. Work in progress is an asset that takes a substantial period of time to get ready for its intended use or sale and meets the FRS 102 definition of a qualifying asset.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at 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 and loss.

Taxation
Taxation for the period 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 balance sheet date.


APG Scarisbrick Limited (Registered number: 14418744)

Notes to the Financial Statements - continued
for the Period 14 October 2022 to 31 October 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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 period was NIL.

4. STOCKS
£   
Work-in-progress 724,193

Secured creditors hold charges over the land and buildings included in work in progress at 31st October 2023.

The amount of borrowing costs capitalised at 31st October 2023 is £61,961.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by associates 117,605
Other debtors 2,818
120,423

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 38,884
Amounts owed to associates 260,730
Other creditors 101,000
400,614

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 445,222

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 445,222

APG Scarisbrick Limited (Registered number: 14418744)

Notes to the Financial Statements - continued
for the Period 14 October 2022 to 31 October 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 445,222

The loans are secured over land and buildings included in work in progress.