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REGISTERED NUMBER: 11656045 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

APS Property Group Ltd

APS Property Group Ltd (Registered number: 11656045)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


APS Property Group Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: B Hayes
M Hayes-Cowley





REGISTERED OFFICE: Saul House
Ruston Way
Lincoln
LN6 7FQ





REGISTERED NUMBER: 11656045 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
APS Property Group Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of APS Property Group Ltd for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of APS Property Group Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of APS Property Group Ltd and state those matters that we have agreed to state to the Board of Directors of APS Property Group Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than APS Property Group Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that APS Property Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of APS Property Group Ltd. You consider that APS Property Group 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 financial statements of APS Property Group 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 financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


24 April 2025

APS Property Group Ltd (Registered number: 11656045)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 51,694 19,660

CURRENT ASSETS
Debtors 5 17,368 80,441
Cash at bank 15,598 12,177
32,966 92,618
CREDITORS
Amounts falling due within one year 6 438,197 412,579
NET CURRENT LIABILITIES (405,231 ) (319,961 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(353,537

)

(300,301

)

CREDITORS
Amounts falling due after more than one
year

7

(24,755

)

(10,202

)

PROVISIONS FOR LIABILITIES (1,742 ) (4,129 )
NET LIABILITIES (380,034 ) (314,632 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (380,035 ) (314,633 )
SHAREHOLDERS' FUNDS (380,034 ) (314,632 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:





M Hayes-Cowley - Director


APS Property Group Ltd (Registered number: 11656045)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

APS Property Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

As at 31 July 2024 the company had net liabilities of £380,034. The company will continue to receive support from the group and as such the accounts are prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% straight line
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 4 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

APS Property Group Ltd (Registered number: 11656045)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 1,054 46,886 9,692 57,632
Additions - 50,000 - 50,000
At 31 July 2024 1,054 96,886 9,692 107,632
DEPRECIATION
At 1 August 2023 843 32,051 5,078 37,972
Charge for year 211 15,375 2,380 17,966
At 31 July 2024 1,054 47,426 7,458 55,938
NET BOOK VALUE
At 31 July 2024 - 49,460 2,234 51,694
At 31 July 2023 211 14,835 4,614 19,660

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 7,521 1,153
Other debtors 9,847 79,288
17,368 80,441

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 13,944 7,016
Trade creditors 207,231 170,122
Amounts owed to group undertakings 207,420 229,609
Taxation and social security 6,222 1,888
Other creditors 3,380 3,944
438,197 412,579

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 24,755 10,202

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company with 100% holding is B J Hayes Ltd, a company registered in England and Wales. The companies comprise a a small group, and therefore have taken advantage of the option provided by the Companies Act 2006 not to prepare group accounts.