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REGISTERED NUMBER: 12935068 (England and Wales)









Financial Statements for the Year Ended 31st October 2023

for

Appold Enterprise Limited

Appold Enterprise Limited (Registered number: 12935068)

Contents of the Financial Statements
for the Year Ended 31st October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Appold Enterprise Limited

Company Information
for the Year Ended 31st October 2023







DIRECTOR: N K Patel





REGISTERED OFFICE: 40 Gracechurch Street
London
EC3V 0BT





REGISTERED NUMBER: 12935068 (England and Wales)





ACCOUNTANTS: Vitta Advisory Limited
54 Newberries Avenue
Radlett
WD7 7EP

Appold Enterprise Limited (Registered number: 12935068)

Balance Sheet
31st October 2023

31/10/23 31/10/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 75,889 62,327
Investment property 5 4,397,187 2,125,073
4,473,076 2,187,400

CURRENT ASSETS
Debtors 6 106,511 26,838

CREDITORS
Amounts falling due within one year 7 (2,214,182 ) (1,119,606 )
NET CURRENT LIABILITIES (2,107,671 ) (1,092,768 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,365,405

1,094,632

CREDITORS
Amounts falling due after more than one
year

8

(2,590,000

)

(1,190,000

)
NET LIABILITIES (224,595 ) (95,368 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (224,695 ) (95,468 )
(224,595 ) (95,368 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

Appold Enterprise Limited (Registered number: 12935068)

Balance Sheet - continued
31st October 2023


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 16th October 2024 and were signed by:





N K Patel - Director


Appold Enterprise Limited (Registered number: 12935068)

Notes to the Financial Statements
for the Year Ended 31st October 2023


1. STATUTORY INFORMATION

Appold Enterprise 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.

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.

The Director believes, after due and careful enquiry, that the company has sufficient resources for its present requirements and is able to meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date of signing of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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.

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 year 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.

Appold Enterprise Limited (Registered number: 12935068)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022 69,413
Additions 31,407
At 31st October 2023 100,820
DEPRECIATION
At 1st November 2022 7,086
Charge for year 17,845
At 31st October 2023 24,931
NET BOOK VALUE
At 31st October 2023 75,889
At 31st October 2022 62,327

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2022 2,125,073
Additions 2,272,114
At 31st October 2023 4,397,187
NET BOOK VALUE
At 31st October 2023 4,397,187
At 31st October 2022 2,125,073

In the opinion of the Director, the valuation of the company's investment property is not materially different from the amount stated in the financial statements.

Appold Enterprise Limited (Registered number: 12935068)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Other debtors 106,511 26,838

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Other creditors 2,214,182 1,119,606

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
£    £   
Bank loans 2,590,000 1,190,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31/10/23 31/10/22
£    £   
Bank loans 2,590,000 1,190,000

The bank loan is secured against the assets of the company.