Registered number
04211897
London Apollo Ltd
Filleted Accounts
31 May 2024
London Apollo Ltd
Registered number: 04211897
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,349,686 3,354,726
Current assets
Cash at bank and in hand 54,769 53,550
Creditors: amounts falling due within one year 4 (459,877) (475,900)
Net current liabilities (405,108) (422,350)
Total assets less current liabilities 2,944,578 2,932,376
Creditors: amounts falling due after more than one year 5 (485,569) (637,658)
Net assets 2,459,009 2,294,718
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 2,458,009 2,293,718
Shareholder's funds 2,459,009 2,294,718
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Najib Daulatzai
Director
Approved by the board on 11 February 2025
London Apollo Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 15% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 3,292,317 166,760 107,900 3,566,977
Additions - 5,084 - 5,084
At 31 May 2024 3,292,317 171,844 107,900 3,572,061
Depreciation
At 1 June 2023 - 152,226 60,025 212,251
Charge for the year - 2,943 7,181 10,124
At 31 May 2024 - 155,169 67,206 222,375
Net book value
At 31 May 2024 3,292,317 16,675 40,694 3,349,686
At 31 May 2023 3,292,317 14,534 47,875 3,354,726
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 131,264 135,264
Trade creditors 15,500 40,010
Taxation and social security costs 113,113 100,626
Other creditors 200,000 200,000
459,877 475,900
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 167,631 282,504
Other creditors 317,938 355,154
485,569 637,658
6 Other information
London Apollo Ltd is a private company limited by shares and incorporated in England. Its registered office is:
36
Hoop Lane
LONDON
NW11 8BU
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