1 May 2023 v2025.6.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPSC6912102023-05-012024-04-30SC6912102024-04-30SC6912102023-04-30SC691210core:WithinOneYear2024-04-30SC691210core:WithinOneYear2023-04-30SC691210core:ShareCapital2024-04-30SC691210core:ShareCapital2023-04-30SC691210core:RetainedEarningsAccumulatedLosses2024-04-30SC691210core:RetainedEarningsAccumulatedLosses2023-04-30SC691210bus:Director12023-05-012024-04-30SC6912102022-05-012023-04-30SC69121012023-05-012024-04-30SC691210countries:Scotland2023-05-012024-04-30SC691210bus:AuditExemptWithAccountantsReport2023-05-012024-04-30SC691210bus:PrivateLimitedCompanyLtd2023-05-012024-04-30SC691210bus:SmallEntities2023-05-012024-04-30SC691210bus:FullAccounts2023-05-012024-04-30
Company registration number:
SC691210
Apsis Homes (Ashcraig) Ltd
Unaudited Filleted Financial Statements for the year ended
30 April 2024
Apsis Homes (Ashcraig) Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Apsis Homes (Ashcraig) Ltd
Year ended
30 April 2024
As described on the statement of financial position, the Board of Directors of
Apsis Homes (Ashcraig) Ltd
are responsible for the preparation of the
financial statements
for the year ended
30 April 2024
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Horizon Chartered Accountants
20-23 Woodside Place
Glasgow
G3 7QL
United Kingdom
Date:
31 January 2025
Apsis Homes (Ashcraig) Ltd
Statement of Financial Position
30 April 2024
20242023
Note££
Current assets    
Stocks
1,111,506
 
803,358
 
Debtors 5
5,000
 
23,049
 
Cash at bank and in hand
2,355
 
1,064
 
1,118,861
 
827,471
 
Creditors: amounts falling due within one year 6
(1,883,729
)
(926,918
)
Net current liabilities
(764,868
)
(99,447
)
Total assets less current liabilities (764,868 ) (99,447 )
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(764,968
)
(99,547
)
Shareholders deficit
(764,868
)
(99,447
)
For the 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
31 January 2025
, and are signed on behalf of the board by:
A Reid
Director
Company registration number:
SC691210
Apsis Homes (Ashcraig) Ltd
Notes to the Financial Statements
Year ended
30 April 2024

1 General information

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2.00
).

5 Debtors

20242023
££
Amounts owed by group undertakings and undertakings in which the company has a participating interest
5,000
  -  
Other debtors -  
23,049
 
5,000
 
23,049
 

6 Creditors: amounts falling due within one year

20242023
££
Trade creditors
13,798
  -  
Amounts owed to group undertakings and undertakings in which the company has a participating interest
474,909
 
926,918
 
Other creditors
1,395,022
  -  
1,883,729
 
926,918