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Company Registration No. 10089979 (England and Wales)
APPFA LTD Unaudited accounts for the year ended 31 March 2025
APPFA LTD Unaudited accounts Contents
Page
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APPFA LTD Company Information for the year ended 31 March 2025
Director
N Safeer
Company Number
10089979 (England and Wales)
Registered Office
3 Fairview Court Chinnor Crescent Greenford Middlesex UB6 9NU United Kingdom
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APPFA LTD Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,048 
1,573 
Investment property
658,000 
658,000 
659,048 
659,573 
Current assets
Cash at bank and in hand
2,463 
2,136 
Creditors: amounts falling due within one year
(185,822)
(195,447)
Net current liabilities
(183,359)
(193,311)
Total assets less current liabilities
475,689 
466,262 
Creditors: amounts falling due after more than one year
(491,465)
(491,465)
Net liabilities
(15,776)
(25,203)
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
(32,938)
(32,938)
Profit and loss account
17,062 
7,635 
Shareholders' funds
(15,776)
(25,203)
For the year ending 31 March 2025 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 director acknowledges her 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 and authorised for issue on 16 April 2025 and were signed on its behalf by
N Safeer Director Company Registration No. 10089979
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APPFA LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
APPFA LTD is a private company, limited by shares, registered in England and Wales, registration number 10089979. The registered office is 3 Fairview Court, Chinnor Crescent, Greenford, Middlesex, UB6 9NU, United Kingdom.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "TheFinancialReporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. The functional and presentational currency of the company is £ and amounts are rounded to the nearest £. The financial statements are prepared on a going concern basis despite net liabilities at the year end which is dependent on the continued support of its shareholders. In the opinion of the directors, the company expects to receive income or have funds available to meet obligations as and when they fall due.
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.
Presentation currency
The functional and presentational currency of the company is £ and amounts are rounded to the nearest £.
Going concern
The financial statements are prepared on a going concern basis despite net liabilities at the year end which is dependent on the continued support of its shareholders. In the opinion of the directors, the company expects to receive income or have funds available to meet obligations as and when they fall due.
Turnover
Turnover represents rent receivable in the period. which is recognised in the profit and loss account in the period in which they are due.
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in fair value of investment properties are included in the profit and loss account in the period in which they arise. Fair value valuations are determined by the directors with the benefit of external professionals and available data on current market rents and rental yields for comparable local properties adjusted for any difference in nature, location or condition of the property.
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:
Plant & machinery
Straight line over the life of the asset
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APPFA LTD Notes to the Accounts for the year ended 31 March 2025
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Classification of financial liabilities
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.
Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. 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 accounts. 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 average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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APPFA LTD Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2024
2,098 
At 31 March 2025
2,098 
Depreciation
At 1 April 2024
525 
Charge for the year
525 
At 31 March 2025
1,050 
Net book value
At 31 March 2025
1,048 
At 31 March 2024
1,573 
5
Investment property
2025 
£ 
Fair value at 1 April 2024
658,000 
At 31 March 2025
658,000 
The investment property is valued in accordance with the company's accounting policy.
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
2,452 
1,976 
Other creditors
68,945 
71,426 
Loans from directors
114,425 
122,045 
185,822 
195,447 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
491,465 
491,465 
Bank loans are secured against investment property.
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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