Registered number
12804655
APEX VSSN LTD
Filleted Accounts
31 August 2024
APEX VSSN LTD
Registered number: 12804655
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 505,000 505,000
Current assets
Cash at bank and in hand 14,952 16,156
Creditors: amounts falling due within one year 4 (2,647) (3,608)
Net current assets 12,305 12,548
Total assets less current liabilities 517,305 517,548
Creditors: amounts falling due after more than one year 5 (453,339) (450,430)
Provisions for liabilities (15,588) (15,588)
Net assets 48,378 51,530
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 46,765 46,765
Profit and loss account 1,513 4,665
Shareholders' funds 48,378 51,530
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Sushil KUMAR
Director
Approved by the board on 22 May 2025
APEX VSSN LTD
Notes to the Accounts
for the year ended 31 August 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 (if applicable). Turnover represents the value of rent receivable.
Investment properties
Investment properties are revalued annually and the aggregate surplus or deficit is transferred to revaluation reserve. No depreciation is provided in respect of investment properties.
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 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 505,000
At 31 August 2024 505,000
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 505,000
At 31 August 2023 505,000
Freehold land and buildings: 2024 2023
£ £
Historical cost 442,647 442,647
Cumulative depreciation based on historical cost - -
442,647 442,647
The investment properties were measured for fair value by the directors, and in their opinion the
fair value of the investment property is fairly stated.
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 24
Taxation and social security costs - 1,094
Other creditors 2,647 2,490
2,647 3,608
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 293,839 290,930
Shareholders loan 159,500 159,500
453,339 450,430
6 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 293,839 290,930
Secured bank loans 293,839 290,930
The bank loan is secured by first charge over the freehold land and buildings held by the company.
7 Revaluation reserve 2024 2023
£ £
At 1 September 2023 46,765 46,765
At 31 August 2024 46,765 46,765
8 Controlling party
During the period the company was controlled by its directors Mr Sushil Kumar and Mrs Vijai Laxmi Kumar.
9 Other information
APEX VSSN LTD is a private company limited by shares and incorporated in England. Its registered office is:
65 Delamere Road
Hayes
UB4 0NN
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