Aputiak Limited 13347011 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is management of property. Digita Accounts Production Advanced 6.30.9574.0 true false 13347011 2023-05-01 2024-04-30 13347011 2024-04-30 13347011 bus:OrdinaryShareClass1 2024-04-30 13347011 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 13347011 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 13347011 core:LandBuildings 2024-04-30 13347011 bus:SmallEntities 2023-05-01 2024-04-30 13347011 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 13347011 bus:FilletedAccounts 2023-05-01 2024-04-30 13347011 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13347011 bus:RegisteredOffice 2023-05-01 2024-04-30 13347011 bus:Director1 2023-05-01 2024-04-30 13347011 bus:Director2 2023-05-01 2024-04-30 13347011 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 13347011 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13347011 core:Buildings 2023-05-01 2024-04-30 13347011 core:LandBuildings 2023-05-01 2024-04-30 13347011 countries:AllCountries 2023-05-01 2024-04-30 13347011 2023-04-30 13347011 core:LandBuildings 2023-04-30 13347011 2022-05-01 2023-04-30 13347011 2023-04-30 13347011 bus:OrdinaryShareClass1 2023-04-30 13347011 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 13347011 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 13347011 core:LandBuildings 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13347011

Aputiak Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

Aputiak Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Aputiak Limited

Company Information

Directors

Mrs Ann Daniels

Gareth Anthony O'Connor

Registered office

1 Morgans Cottages
The Square
Whimple
Devon
EX5 2SP

Accountants

G W Thompson & Co Accountants Limited
Chartered Certified Accountants
182 Front Street
Chester-le-Street
Co. Durham
DH3 3AZ

 

Aputiak Limited

(Registration number: 13347011)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

703,022

467,377

Current assets

 

Cash at bank and in hand

 

17,831

7,037

Creditors: Amounts falling due within one year

(466)

(227)

Net current assets

 

17,365

6,810

Total assets less current liabilities

 

720,387

474,187

Creditors: Amounts falling due after more than one year

(763,458)

(495,334)

Net liabilities

 

(43,071)

(21,147)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(43,171)

(21,247)

Shareholders' deficit

 

(43,071)

(21,147)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 June 2024 and signed on its behalf by:
 

.........................................
Mrs Ann Daniels
Director

 

Aputiak Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1 Morgans Cottages
The Square
Whimple
Devon
EX5 2SP
United Kingdom

These financial statements were authorised for issue by the Board on 11 June 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Aputiak Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Tangible assets

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

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:

Asset class

Depreciation method and rate

Long leasehold buildings.

4% on cost.

Freehold buildings

3% on cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Aputiak Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 May 2023

489,585

489,585

Additions

259,559

259,559

At 30 April 2024

749,144

749,144

Depreciation

At 1 May 2023

22,208

22,208

Charge for the year

23,914

23,914

At 30 April 2024

46,122

46,122

Carrying amount

At 30 April 2024

703,022

703,022

At 30 April 2023

467,377

467,377

Included within the net book value of land and buildings above is £566,595 (2023 - £324,870) in respect of freehold land and buildings and £136,427 (2023 - £142,507) in respect of long leasehold land and buildings.
 

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100