2023-03-012024-02-292024-02-29false03954737APSLEY ESTATES LIMITED2024-11-25iso4217:GBPxbrli:pure039547372023-03-01039547372024-02-29039547372023-03-012024-02-29039547372022-03-01039547372023-02-28039547372022-03-012023-02-2803954737bus:SmallEntities2023-03-012024-02-2903954737bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2903954737bus:AbridgedAccounts2023-03-012024-02-2903954737bus:PrivateLimitedCompanyLtd2023-03-012024-02-2903954737core:WithinOneYear2024-02-2903954737core:AfterOneYear2024-02-2903954737core:WithinOneYear2023-02-2803954737core:AfterOneYear2023-02-2803954737core:ShareCapital2024-02-2903954737core:SharePremium2024-02-2903954737core:RevaluationReserve2024-02-2903954737core:OtherReservesSubtotal2024-02-2903954737core:RetainedEarningsAccumulatedLosses2024-02-2903954737core:ShareCapital2023-02-2803954737core:SharePremium2023-02-2803954737core:RevaluationReserve2023-02-2803954737core:OtherReservesSubtotal2023-02-2803954737core:RetainedEarningsAccumulatedLosses2023-02-2803954737core:LandBuildings2024-02-2903954737core:PlantMachinery2024-02-2903954737core:Vehicles2024-02-2903954737core:FurnitureFittings2024-02-2903954737core:OfficeEquipment2024-02-2903954737core:NetGoodwill2024-02-2903954737core:IntangibleAssetsOtherThanGoodwill2024-02-2903954737core:ListedExchangeTraded2024-02-2903954737core:UnlistedNon-exchangeTraded2024-02-2903954737core:LandBuildings2023-02-2803954737core:PlantMachinery2023-02-2803954737core:Vehicles2023-02-2803954737core:FurnitureFittings2023-02-2803954737core:OfficeEquipment2023-02-2803954737core:NetGoodwill2023-02-2803954737core:IntangibleAssetsOtherThanGoodwill2023-02-2803954737core:ListedExchangeTraded2023-02-2803954737core:UnlistedNon-exchangeTraded2023-02-2803954737core:LandBuildings2023-03-012024-02-2903954737core:PlantMachinery2023-03-012024-02-2903954737core:Vehicles2023-03-012024-02-2903954737core:FurnitureFittings2023-03-012024-02-2903954737core:OfficeEquipment2023-03-012024-02-2903954737core:NetGoodwill2023-03-012024-02-2903954737core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2903954737core:ListedExchangeTraded2023-03-012024-02-2903954737core:UnlistedNon-exchangeTraded2023-03-012024-02-2903954737core:MoreThanFiveYears2023-03-012024-02-2903954737core:Non-currentFinancialInstruments2024-02-2903954737core:Non-currentFinancialInstruments2023-02-2803954737dpl:CostSales2023-03-012024-02-2903954737dpl:DistributionCosts2023-03-012024-02-2903954737core:LandBuildings2023-03-012024-02-2903954737core:PlantMachinery2023-03-012024-02-2903954737core:Vehicles2023-03-012024-02-2903954737core:FurnitureFittings2023-03-012024-02-2903954737core:OfficeEquipment2023-03-012024-02-2903954737dpl:AdministrativeExpenses2023-03-012024-02-2903954737core:NetGoodwill2023-03-012024-02-2903954737core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2903954737dpl:GroupUndertakings2023-03-012024-02-2903954737dpl:ParticipatingInterests2023-03-012024-02-2903954737dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2903954737core:ListedExchangeTraded2023-03-012024-02-2903954737dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2903954737core:UnlistedNon-exchangeTraded2023-03-012024-02-2903954737dpl:CostSales2022-03-012023-02-2803954737dpl:DistributionCosts2022-03-012023-02-2803954737core:LandBuildings2022-03-012023-02-2803954737core:PlantMachinery2022-03-012023-02-2803954737core:Vehicles2022-03-012023-02-2803954737core:FurnitureFittings2022-03-012023-02-2803954737core:OfficeEquipment2022-03-012023-02-2803954737dpl:AdministrativeExpenses2022-03-012023-02-2803954737core:NetGoodwill2022-03-012023-02-2803954737core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2803954737dpl:GroupUndertakings2022-03-012023-02-2803954737dpl:ParticipatingInterests2022-03-012023-02-2803954737dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2803954737core:ListedExchangeTraded2022-03-012023-02-2803954737dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2803954737core:UnlistedNon-exchangeTraded2022-03-012023-02-2803954737core:NetGoodwill2024-02-2903954737core:IntangibleAssetsOtherThanGoodwill2024-02-2903954737core:LandBuildings2024-02-2903954737core:PlantMachinery2024-02-2903954737core:Vehicles2024-02-2903954737core:FurnitureFittings2024-02-2903954737core:OfficeEquipment2024-02-2903954737core:AfterOneYear2024-02-2903954737core:WithinOneYear2024-02-2903954737core:ListedExchangeTraded2024-02-2903954737core:UnlistedNon-exchangeTraded2024-02-2903954737core:ShareCapital2024-02-2903954737core:SharePremium2024-02-2903954737core:RevaluationReserve2024-02-2903954737core:OtherReservesSubtotal2024-02-2903954737core:RetainedEarningsAccumulatedLosses2024-02-2903954737core:NetGoodwill2023-02-2803954737core:IntangibleAssetsOtherThanGoodwill2023-02-2803954737core:LandBuildings2023-02-2803954737core:PlantMachinery2023-02-2803954737core:Vehicles2023-02-2803954737core:FurnitureFittings2023-02-2803954737core:OfficeEquipment2023-02-2803954737core:AfterOneYear2023-02-2803954737core:WithinOneYear2023-02-2803954737core:Listed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APSLEY ESTATES LIMITED

Registered Number
03954737
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

APSLEY ESTATES LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

Mrs Victoria Berensen
Mr Geoffrey Dart

Registered Address

Unit 3 Upp Hall Farm
Salmons Lane
Colchester
CO6 1RY

Registered Number

03954737 (England and Wales)
APSLEY ESTATES LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3288506
Investments482,397129,995
82,685130,501
Current assets
Debtors5500,314235,003
Cash at bank and on hand41,3576,743
541,671241,746
Creditors amounts falling due within one year6(465,010)(338,167)
Net current assets (liabilities)76,661(96,421)
Total assets less current liabilities159,34634,080
Net assets159,34634,080
Capital and reserves
Called up share capital22
Profit and loss account159,34434,078
Shareholders' funds159,34634,080
The financial statements were approved and authorised for issue by the Board of Directors on 25 November 2024, and are signed on its behalf by:
Mrs Victoria Berensen
Director
Registered Company No. 03954737
APSLEY ESTATES LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover comprises the fair value of the consideration received or receivable for the sale of goods/provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Dividend income
Dividend income is recognised when the right to receive payment is established.
Tangible fixed assets and depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Straight line (years)
Fixtures and fittings15
Office Equipment33
Investments
Investments in subsidiaries are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Trade and other debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 2314,908
At 29 February 2414,908
Depreciation and impairment
At 01 March 2314,402
Charge for year218
At 29 February 2414,620
Net book value
At 29 February 24288
At 28 February 23506
4.Fixed asset investments

Total

£
Cost or valuation
At 01 March 23153,500
Additions10,000
Revaluations(43,754)
Disposals(13,849)
At 29 February 24105,897
Impairment
At 01 March 2323,505
On disposals(5)
At 29 February 2423,500
Net book value
At 29 February 2482,397
At 28 February 23129,995
5.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings499,357227,246
Other debtors-4,829
Prepayments and accrued income9572,928
Total500,314235,003
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables287-
Amounts owed to related parties39,18461,165
Taxation and social security3,0171,056
Other creditors420,022274,547
Accrued liabilities and deferred income2,5001,399
Total465,010338,167
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Mrs Victoria Berensen274,518064,507210,011
Mr Geoffrey Dart0210,0110210,011
274,518210,01164,507420,022
8.Share capital
The company has issued share capital of 2 ordinary shares of £1 each. There have been no changes in the year.
9.Related party transactions
Apsley Estates Ltd owns 100% of Chesterfield Capital Ltd and Gilbert Capital Ltd. The company also owns 50% of Bent Tree Estates Ltd At 29th February 2024 the company was owed £499,307 (2023: £195,664) by Chesterfield Capital Ltd. At 29th February 2024 the company owed £31,055 (2023: £30,082) to Gilbert Capital Ltd At 29th February 2024 the company owed £8,129 (2023: £499) to Bent Tree Estates Ltd During the year the company received a £170,000 dividend from Chesterfield Capital Ltd. All loans between the company and its subsidiaries are interest free and have no fixed repayment date.
10.Parent-subsidiary relationships
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows: Undertaking Registered office Holding Proportion of share held Chesterfield Capital Ltd Unit 3 Upp Hall Farm Salmons Lane Colchester Essex CO6 1RY Ordinary 100% Gilbert Capital Ltd Unit 3 Upp Hall Farm Salmons Lane Colchester Essex CO6 1RY Ordinary 100% Brent Tree Estates Ltd Unit 3 Upp Hall Farm Salmons Lane Colchester Essex CO6 1RY Ordinary 50% The principal activity of Chesterfield Capital Ltd is consultancy services. The principal activity of Brent Tree Estates Ltd is dormant. The principal activity of Gilbert Capital Ltd is introducer.