Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-011trueLand development and construction1falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11166105 2023-04-01 2024-03-31 11166105 2022-04-01 2023-03-31 11166105 2024-03-31 11166105 2023-03-31 11166105 c:Director1 2023-04-01 2024-03-31 11166105 d:CurrentFinancialInstruments 2024-03-31 11166105 d:CurrentFinancialInstruments 2023-03-31 11166105 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11166105 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11166105 d:ShareCapital 2024-03-31 11166105 d:ShareCapital 2023-03-31 11166105 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 11166105 d:RetainedEarningsAccumulatedLosses 2024-03-31 11166105 d:RetainedEarningsAccumulatedLosses 2023-03-31 11166105 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 11166105 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 11166105 c:OrdinaryShareClass1 2023-04-01 2024-03-31 11166105 c:OrdinaryShareClass1 2024-03-31 11166105 c:OrdinaryShareClass1 2023-03-31 11166105 c:OrdinaryShareClass2 2023-04-01 2024-03-31 11166105 c:OrdinaryShareClass2 2024-03-31 11166105 c:OrdinaryShareClass2 2023-03-31 11166105 c:FRS102 2023-04-01 2024-03-31 11166105 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11166105 c:FullAccounts 2023-04-01 2024-03-31 11166105 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11166105 2 2023-04-01 2024-03-31 11166105 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11166105










APT HOMES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
APT HOMES LIMITED
REGISTERED NUMBER:11166105

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors
  
325
-

Cash at bank and in hand
  
44,035
66,607

  
44,360
66,607

Creditors: amounts falling due within one year
 5 
(11,300)
(32,573)

Net current assets
  
 
 
33,060
 
 
34,034

Total assets less current liabilities
  
33,060
34,034

  

Net assets
  
33,060
34,034


Capital and reserves
  

Called up share capital 
 7 
20
20

Profit and loss account
 8 
33,040
34,014

  
33,060
34,034


Page 1

 
APT HOMES LIMITED
REGISTERED NUMBER:11166105
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers 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 director acknowledges his 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 comprehensive income 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 27 September 2024.




A P Thomas
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
APT HOMES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

APT Homes Limited, 11166105, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at 10 Meillionydd, Adfa, Newtown, Powys, SY16 3BF.
The principal activity of the Company is the development of land.

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 to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
APT HOMES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 
APT HOMES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
150
-

Corporation tax
-
7,978

Other creditors
10,130
23,630

Accruals and deferred income
1,020
965

11,300
32,573



6.


Deferred taxation

Page 5

 
APT HOMES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
 
6.Deferred taxation (continued)




2024


£






Charged to profit or loss
325



At end of year
325

The deferred tax asset is made up as follows:

2024
2023
£
£


Tax losses carried forward
325
-

325
-


7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10 (2023 - 10) Ordinary class A shares shares of £1.00 each
10
10
10 (2023 - 10) Ordinary class B shares shares of £1.00 each
10
10

20

20



8.


Reserves

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less distributions made to shareholders.

 
Page 6