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Registered number: 12291415
Apical Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Bhimjiyani & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12291415
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 480,934 480,934
480,934 480,934
CURRENT ASSETS
Cash at bank and in hand 2,058 2,200
2,058 2,200
Creditors: Amounts Falling Due Within One Year 5 (252,231 ) (256,989 )
NET CURRENT ASSETS (LIABILITIES) (250,173 ) (254,789 )
TOTAL ASSETS LESS CURRENT LIABILITIES 230,761 226,145
Creditors: Amounts Falling Due After More Than One Year 6 (334,950 ) (334,950 )
NET LIABILITIES (104,189 ) (108,805 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (104,289 ) (108,905 )
SHAREHOLDERS' FUNDS (104,189) (108,805)
Page 1
Page 2
For the year ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Ayesha Ahmed
Director
18 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Apical Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12291415 . The registered office is 45 Broadfields Avenue, Edgware, HA8 8PF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 April 2023 480,934
As at 31 March 2024 480,934
Net Book Value
As at 31 March 2024 480,934
As at 1 April 2023 480,934
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 16,360 9,620
Accruals and deferred income - 3,956
Directors' loan accounts 235,871 243,413
252,231 256,989
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 334,950 334,950
Page 3
Page 4
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4