Registered number
11023675
Appeal Properties Limited
Filleted Accounts
31 October 2023
Appeal Properties Limited
Registered number: 11023675
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Current assets
Stocks 1,516,261 1,125,018
Debtors 3 35,875 167,936
Cash at bank and in hand 19,270 10,202
1,571,406 1,303,156
Creditors: amounts falling due within one year 4 (616,357) (341,169)
Net current assets 955,049 961,987
Total assets less current liabilities 955,049 961,987
Creditors: amounts falling due after more than one year 5 (847,688) (857,789)
Net assets 107,361 104,198
Capital and reserves
Called up share capital 200 200
Profit and loss account 107,161 103,998
Shareholders' funds 107,361 104,198
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Moses
Director
Approved by the board on 31 October 2024
Appeal Properties Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2023 2022
£ £
Trade debtors 3,375 3,375
Other debtors 32,500 164,561
35,875 167,936
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 22,426 21,943
Taxation and social security costs 150 150
Other creditors 584,589 319,076
616,357 341,169
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 847,688 857,789
6 Other information
Appeal Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
Building 18, Gateway 1000
Whittle Way, Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP
Appeal Properties Limited 11023675 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts April 2024 J Moses No description of principal activity 11023675 2021-11-01 2022-10-31 11023675 core:WithinOneYear 2022-10-31 11023675 core:AfterOneYear 2022-10-31 11023675 core:ShareCapital 2022-10-31 11023675 core:RetainedEarningsAccumulatedLosses 2022-10-31 11023675 2022-11-01 2023-10-31 11023675 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11023675 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 11023675 bus:Director40 2022-11-01 2023-10-31 11023675 1 2022-11-01 2023-10-31 11023675 2 2022-11-01 2023-10-31 11023675 countries:England 2022-11-01 2023-10-31 11023675 bus:FRS102 2022-11-01 2023-10-31 11023675 bus:FilletedAccounts 2022-11-01 2023-10-31 11023675 2023-10-31 11023675 core:WithinOneYear 2023-10-31 11023675 core:AfterOneYear 2023-10-31 11023675 core:ShareCapital 2023-10-31 11023675 core:RetainedEarningsAccumulatedLosses 2023-10-31 11023675 2022-10-31 iso4217:GBP xbrli:pure