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REGISTERED NUMBER: 07586267 (England and Wales)


















APD ESTATES (BIRMINGHAM) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






APD ESTATES (BIRMINGHAM) LTD (REGISTERED NUMBER: 07586267)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


APD ESTATES (BIRMINGHAM) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: C P Davies
Mrs B L Thomas
Mrs Z Loxton





SECRETARY: C P Davies





REGISTERED OFFICE: Foxfield
Rudry Road
Lisvane
Cardiff
CF14 0SN





REGISTERED NUMBER: 07586267 (England and Wales)





ACCOUNTANTS: MHA
Chartered Accountants
MHA House
Charter Court
Swansea Enterprise Park
Swansea
SA7 9FS

APD ESTATES (BIRMINGHAM) LTD (REGISTERED NUMBER: 07586267)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,800,000 10,800,000

CURRENT ASSETS
Debtors 5 4,219,129 4,156,877
Cash at bank 193,068 54,176
4,412,197 4,211,053
CREDITORS
Amounts falling due within one year 6 2,122,158 1,987,749
NET CURRENT ASSETS 2,290,039 2,223,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,090,039

13,023,304

PROVISIONS FOR LIABILITIES 415,476 463,022
NET ASSETS 12,674,563 12,560,282

CAPITAL AND RESERVES
Called up share capital 11,000 11,000
Fair value reserve 8 2,818,932 2,818,932
Retained earnings 9,844,631 9,730,350
SHAREHOLDERS' FUNDS 12,674,563 12,560,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

APD ESTATES (BIRMINGHAM) LTD (REGISTERED NUMBER: 07586267)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





C P Davies - Director


APD ESTATES (BIRMINGHAM) LTD (REGISTERED NUMBER: 07586267)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

APD Estates (Birmingham) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Monetary amounts in these financial statements are rounded to the nearest £.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention, modified to include investment property at fair value.

The particular accounting policies adopted, which have been applied consistently throughout the current and prior financial year, are described below.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only effects that period or in the period of the revision and future periods if the revision affects both current and future periods.

Recoverability of related party debtors
The directors assess the recoverability of related party debtor balances at the reporting date and make provisions against balances where deemed necessary. The directors review the financial position of related party companies to assess their ability to repay the debt.

Turnover
Turnover represents rental, insurance and service charge income, excluding value added tax.

Revenue recognition
Revenue is recognised evenly over the period to which it relates.

Tangible fixed assets
The company's land and buildings are treated as an investment property, as defined by the Financial Reporting Standard 102 Section 1A "Small Entities" accordingly, they are not depreciated. Investment properties for which fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value annually, with the change recognised in the income statement. Surpluses or deficits on revaluation are then transferred from Retained Earnings to a separate non-distributable reserve.

APD ESTATES (BIRMINGHAM) LTD (REGISTERED NUMBER: 07586267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

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
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Provisions and contingent liabilities
Provisions are recognised when the company has a present obligation as a result of a past event, it is probable that the company will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Otherwise, material contingent liabilities are disclosed unless the transfer of economic benefits is remote. Contingent assets are only disclosed if an inflow of economic benefits is probable.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Going concern
The company has made a profit in the year and has both net current assets and net assets at the statement of financial position date. The company also has a cash at bank balance of £193,068 as at 31 March 2024.

After making enquiries the directors believe that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore they continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

APD ESTATES (BIRMINGHAM) LTD (REGISTERED NUMBER: 07586267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Investment
property
£   
COST
At 1 April 2023
and 31 March 2024 10,800,000
NET BOOK VALUE
At 31 March 2024 10,800,000
At 31 March 2023 10,800,000

The company's leasehold property is treated as an investment property under Section 1A "Small Entities" of Financial Reporting Standard 102. The property was valued at open market value on an existing use basis by the directors.

The historical cost of the investment property is £7,651,780 (2023 - £7,651,780).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 77,465 -
Amounts owed by related parties 4,130,240 4,099,352
Prepayments 11,424 10,985
Accrued income - 46,540
4,219,129 4,156,877

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,700,000 1,700,000
Trade creditors 2,748 -
Corporation tax 104,462 92,374
VAT 68,077 55,517
Other creditors 52,000 -
Accruals and deferred income 194,871 139,858
2,122,158 1,987,749

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,700,000 1,700,000

The bank loans are secured on the company's investment property.

APD ESTATES (BIRMINGHAM) LTD (REGISTERED NUMBER: 07586267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 2,818,932