2 2 APEL Holdings Limited 01066977 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of property investment Digita Accounts Production Advanced 6.30.9574.0 true 01066977 2023-10-01 2024-09-30 01066977 2024-09-30 01066977 bus:OrdinaryShareClass1 2024-09-30 01066977 core:CurrentFinancialInstruments 2024-09-30 01066977 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 01066977 core:FurnitureFittingsToolsEquipment 2024-09-30 01066977 core:LandBuildings 2024-09-30 01066977 core:MotorVehicles 2024-09-30 01066977 bus:SmallEntities 2023-10-01 2024-09-30 01066977 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 01066977 bus:FilletedAccounts 2023-10-01 2024-09-30 01066977 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01066977 bus:RegisteredOffice 2023-10-01 2024-09-30 01066977 bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 01066977 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 01066977 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01066977 core:ComputerEquipment 2023-10-01 2024-09-30 01066977 core:FurnitureFittings 2023-10-01 2024-09-30 01066977 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 01066977 core:LandBuildings 2023-10-01 2024-09-30 01066977 core:MotorVehicles 2023-10-01 2024-09-30 01066977 countries:UnitedKingdom 2023-10-01 2024-09-30 01066977 2023-09-30 01066977 core:FurnitureFittingsToolsEquipment 2023-09-30 01066977 core:LandBuildings 2023-09-30 01066977 core:MotorVehicles 2023-09-30 01066977 2022-10-01 2023-09-30 01066977 2023-09-30 01066977 bus:OrdinaryShareClass1 2023-09-30 01066977 core:CurrentFinancialInstruments 2023-09-30 01066977 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 01066977 core:FurnitureFittingsToolsEquipment 2023-09-30 01066977 core:LandBuildings 2023-09-30 01066977 core:MotorVehicles 2023-09-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 01066977

APEL Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

APEL Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 7

 

APEL Holdings Limited

(Registration number: 01066977)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,321,210

2,324,399

Current assets

 

Debtors

5

9,630

5,255

Cash at bank and in hand

 

102,260

48,672

 

111,890

53,927

Creditors: Amounts falling due within one year

6

(616,154)

(561,600)

Net current liabilities

 

(504,264)

(507,673)

Net assets

 

1,816,946

1,816,726

Capital and reserves

 

Called up share capital

7

18,561

18,561

Share premium reserve

23,100

23,100

Capital redemption reserve

42,040

42,040

Retained earnings

1,733,245

1,733,025

Shareholders' funds

 

1,816,946

1,816,726

For the financial year ending 30 September 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 and 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 20 March 2025 and signed on its behalf by:
 

.........................................
Mrs Sophie Varenna Hearnden
Company secretary and director

 

APEL Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
30 St Giles'
Oxford
OX1 3LE

These financial statements were authorised for issue by the Board on 20 March 2025.

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 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 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rental in the ordinary course of the company’s activities. Turnover is shown net of 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.

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.

 

APEL Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

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

Computer equipment

Straight Line 25%

Furniture and fittings

Straight Line 25%

Motor vehicles

Reducing Balance 25%

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

 

APEL Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

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

 

APEL Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

2,312,441

40,721

37,800

2,390,962

Additions

-

828

-

828

At 30 September 2024

2,312,441

41,549

37,800

2,391,790

Depreciation

At 1 October 2023

-

33,248

33,315

66,563

Charge for the year

-

2,896

1,121

4,017

At 30 September 2024

-

36,144

34,436

70,580

Carrying amount

At 30 September 2024

2,312,441

5,405

3,364

2,321,210

At 30 September 2023

2,312,441

7,473

4,485

2,324,399

Included within the net book value of land and buildings above is £2,312,441 (2023 - £2,312,441) in respect of freehold land and buildings.
 

 

APEL Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Debtors

2024
£

2023
£

Trade debtors

5,271

1,582

Prepayments

3,937

3,673

Other debtors

422

-

9,630

5,255

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

191,000

206,250

Trade creditors

 

300

2,158

Taxation and social security

 

11,960

863

Accruals and deferred income

 

-

1,473

Other creditors

 

412,894

350,856

 

616,154

561,600

Creditors: amounts falling due after more than one year

2024
£

2023
£

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £0.25 each

74,244

18,561

74,244

18,561

       
 

APEL Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank borrowings

191,000

206,250

9

Dividends

   

2024

 

2023

   

£

 

£

Interim dividend

 

60,000

 

60,000