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Company Registration No. 05347214 (England and Wales)
APE Properties Limited Unaudited accounts for the year ended 31 January 2024
APE Properties Limited Unaudited accounts Contents
Page
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APE Properties Limited Company Information for the year ended 31 January 2024
Directors
Penelope Jane Hill Brandon Hill
Company Number
05347214 (England and Wales)
Accountants
Falcor BC Limited 61 High Street Chobham GU24 8AF
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APE Properties Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
46,960 
59,800 
Investment property
2,327,495 
1,986,536 
2,374,455 
2,046,336 
Current assets
Debtors
13,242 
69,247 
Cash at bank and in hand
(8,328)
(5,560)
4,914 
63,687 
Creditors: amounts falling due within one year
(697,762)
(736,726)
Net current liabilities
(692,848)
(673,039)
Total assets less current liabilities
1,681,607 
1,373,297 
Creditors: amounts falling due after more than one year
(1,345,569)
(926,318)
Provisions for liabilities
Deferred tax
(97,816)
(97,816)
Net assets
238,222 
349,163 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
238,122 
349,063 
Shareholders' funds
238,222 
349,163 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
Penelope Jane Hill Director Company Registration No. 05347214
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APE Properties Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
APE Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 05347214.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment to match to current useful value. No allowance is made for tools described as plant & equipment.
Motor vehicles
20%
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement after completion of building work. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The profits recorded on revaluations are not distributable until such time as the properties are sold.
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APE Properties Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
5,000 
71,747 
- 
76,747 
Additions
- 
- 
1,509 
1,509 
At 31 January 2024
5,000 
71,747 
1,509 
78,256 
Depreciation
At 1 February 2023
- 
16,947 
- 
16,947 
Charge for the year
- 
14,349 
- 
14,349 
At 31 January 2024
- 
31,296 
- 
31,296 
Net book value
At 31 January 2024
5,000 
40,451 
1,509 
46,960 
At 31 January 2023
5,000 
54,800 
- 
59,800 
5
Investment property
2024 
£ 
Fair value at 1 February 2023
1,986,536 
Additions
340,959 
At 31 January 2024
2,327,495 
The Company holds five properties. 39 Kingsway Blackwater (£675,000) , a 137 Hampton Lane (£560 000), 139 Hampton Lane (£290 000) 141 Hampton Lane £388,000), and Rear of 139 &141 Hampton Lane has a directors valuation of £110 000.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
61,031 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
13,242 
8,216 
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APE Properties Limited Notes to the Accounts for the year ended 31 January 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
23,333 
33,333 
VAT
(6,895)
(7,711)
Obligations under finance leases and hire purchase contracts
29,888 
29,888 
Trade creditors
55,381 
35,844 
Amounts owed to group undertakings and other participating interests
- 
14,736 
Taxes and social security
(219)
(395)
Other creditors
13,366 
10,866 
Loans from directors
575,498 
612,755 
Accruals
7,410 
7,410 
697,762 
736,726 
Directors loans are advances from Penelope Hill, Brandon Hill and Callum Hill. Penelope Hill is paid interest on her loan at the rate of 4.8%
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,345,569 
926,318 
Aggregate of amounts that fall due for payment after five years
1,322,236 
959,651 
The long term creditors are secured by interest-only Mortgages over the Investment Properties. Precise Mortgages £516 733 (2023 -£516 839) over 39 Kingsway Catalyst £390 000(2023 -£268 000) over137 Hampton Lane Catalyst £227 500 over 139 Hampton Lane Keystone £226,935 (2023 -£217 500) over 141 Hampton Lane Bounce Bank Loan £ 23 333 (2023 - £33 333) The Directors (Penelope Hill and Brandon Hill) has personally guaranteed mortgages on behalf of the company.
9
Transactions with related parties
The following loans were outstanding with Directors at year end: Interest is charges on these loans. Brandon Hill (credit) £83 865 Callum Hill (credit) £10 087 Penelope Hill (creditor) £483 605
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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