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Company Registration No. 10231525 (England and Wales)
APM Property Solutions Ltd Unaudited accounts for the year ended 30 April 2024
APM Property Solutions Ltd Unaudited accounts Contents
Page
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APM Property Solutions Ltd Company Information for the year ended 30 April 2024
Directors
Paul Murray Alexandra Jane Murray Paul Murray
Company Number
10231525 (England and Wales)
Registered Office
The Granary Weston Lane Oswestry SY10 9ER United Kingdom
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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APM Property Solutions Ltd Accountants' report
Accountants' report to the board of directors of APM Property Solutions Ltd on the preparation of the unaudited statutory accounts for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of APM Property Solutions Ltd for the year ended 30 April 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of APM Property Solutions Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of APM Property Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than APM Property Solutions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that APM Property Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of APM Property Solutions Ltd. You consider that APM Property Solutions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of APM Property Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 29 January 2025
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APM Property Solutions Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,171 
2,894 
Investment property
2,865,427 
2,865,427 
2,867,598 
2,868,321 
Current assets
Debtors
5,198 
5,557 
Cash at bank and in hand
4,502 
6,519 
9,700 
12,076 
Creditors: amounts falling due within one year
(528,734)
(467,888)
Net current liabilities
(519,034)
(455,812)
Total assets less current liabilities
2,348,564 
2,412,509 
Creditors: amounts falling due after more than one year
(1,946,769)
(1,986,567)
Provisions for liabilities
Deferred tax
(108,188)
- 
Net assets
293,607 
425,942 
Capital and reserves
Called up share capital
3 
3 
Fair value reserve
324,565 
432,753 
Profit and loss account
(30,961)
(6,814)
Shareholders' funds
293,607 
425,942 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by
Paul Murray Director Company Registration No. 10231525
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APM Property Solutions Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
APM Property Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 10231525. The registered office is The Granary, Weston Lane, Oswestry, SY10 9ER, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
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APM Property Solutions Ltd Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 May 2023
9,005 
At 30 April 2024
9,005 
Depreciation
At 1 May 2023
6,111 
Charge for the year
723 
At 30 April 2024
6,834 
Net book value
At 30 April 2024
2,171 
At 30 April 2023
2,894 
5
Investment property
2024 
£ 
Fair value at 1 May 2023
2,865,427 
At 30 April 2024
2,865,427 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
123 
62 
Other debtors
5,075 
5,495 
5,198 
5,557 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
31,615 
31,891 
Amounts owed to group undertakings and other participating interests
298,366 
368,148 
Other creditors
11,500 
- 
Loans from directors
186,413 
67,009 
Accruals
840 
840 
528,734 
467,888 
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APM Property Solutions Ltd Notes to the Accounts for the year ended 30 April 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,918,903 
1,977,786 
Other creditors
27,866 
8,781 
1,946,769 
1,986,567 
In the period ending 30 April 21 the company received a Bounce Back Loan of £30,000, which is a 100% UK Government backed loan. Under the terms of the loan, the fees and interest incurred in the first 12 months are settled on behalf of the company by the UK Government. During this accounting period, grant income of £39 (2021 - £711) was received to cover the interest due of £39 (2021 - £711) on this loan. After the first 12 months, an interest rate of 2.5% is applicable. The initial length of the loan is for six years, with an option to extend to ten years under the Bounce Back Loan Scheme.
9
Transactions with related parties
At the year end the company owed £418,520 (2021 - £655,721) to related companies. No interest has been charged and the amounts are repayable on demand.
10
Controlling party
APM Assets Ltd, Warley Lodge, Warley Edge, Halifax, West Yorkshire, England, HX2 7RL
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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