Silverfin false false 30/04/2024 01/05/2023 30/04/2024 A P Render 29 January 2025 The principal activity of the Company during the financial year was that of solicitors. 10105419 2024-04-30 10105419 2023-04-30 10105419 core:CurrentFinancialInstruments 2024-04-30 10105419 core:CurrentFinancialInstruments 2023-04-30 10105419 core:ShareCapital 2024-04-30 10105419 core:ShareCapital 2023-04-30 10105419 core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-30 10105419 core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-30 10105419 core:RetainedEarningsAccumulatedLosses 2024-04-30 10105419 core:RetainedEarningsAccumulatedLosses 2023-04-30 10105419 core:OtherPropertyPlantEquipment 2023-04-30 10105419 core:OtherPropertyPlantEquipment 2024-04-30 10105419 core:CostValuation 2023-04-30 10105419 core:AdditionsToInvestments 2024-04-30 10105419 core:DisposalsRepaymentsInvestments 2024-04-30 10105419 core:RevaluationsIncreaseDecreaseInInvestments 2024-04-30 10105419 core:CostValuation 2024-04-30 10105419 2023-05-01 2024-04-30 10105419 bus:FilletedAccounts 2023-05-01 2024-04-30 10105419 bus:SmallEntities 2023-05-01 2024-04-30 10105419 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10105419 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10105419 bus:Director1 2023-05-01 2024-04-30 10105419 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-05-01 2024-04-30 10105419 2022-05-01 2023-04-30 10105419 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 10105419 (England and Wales)

APR LAW LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

APR LAW LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

APR LAW LIMITED

BALANCE SHEET

As at 30 April 2024
APR LAW LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,860 3,230
Investments 4 128,625 0
131,485 3,230
Current assets
Debtors 5 310,246 381,600
Cash at bank and in hand 158,506 336,835
468,752 718,435
Creditors: amounts falling due within one year 6 ( 41,625) ( 139,743)
Net current assets 427,127 578,692
Total assets less current liabilities 558,612 581,922
Provision for liabilities ( 3,294) 0
Net assets 555,318 581,922
Capital and reserves
Called-up share capital 1 1
Fair value reserve 9,883 0
Profit and loss account 545,434 581,921
Total shareholder's funds 555,318 581,922

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.

Director's responsibilities:

The financial statements of APR Law Limited (registered number: 10105419) were approved and authorised for issue by the Director on 29 January 2025. They were signed on its behalf by:

A P Render
Director
APR LAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
APR LAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

APR Law Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2023 5,479 5,479
Additions 1,333 1,333
At 30 April 2024 6,812 6,812
Accumulated depreciation
At 01 May 2023 2,249 2,249
Charge for the financial year 1,703 1,703
At 30 April 2024 3,952 3,952
Net book value
At 30 April 2024 2,860 2,860
At 30 April 2023 3,230 3,230

4. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 01 May 2023 0 0
Additions 115,196 115,196
Disposals 251 251
Movement in fair value 13,178 13,178
At 30 April 2024 128,625 128,625
Carrying value at 30 April 2024 128,625 128,625
Carrying value at 30 April 2023 0 0

5. Debtors

2024 2023
£ £
Trade debtors 224,590 246,267
Other debtors 85,656 135,333
310,246 381,600

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 36,625 129,743
Other creditors 5,000 10,000
41,625 139,743

7. Related party transactions

Transactions with the entity's director

Advances

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 May 2023, the balance owed by the director was £112,635. During the year, £80,609 was advanced to the director, and £137,429 was repaid by the director. At 30 April 2024, the balance owed by the director was £55,815.

At 1 May 2022, the balance owed by the director was £66,713. During the year, £144,157 was advanced to the director, and £98,235 was repaid by the director. At 30 April 2023, the balance owed by the director was £112,635.