Company Registration No. 11664128 (England and Wales)
Apex Litigation Finance Limited
Unaudited accounts
for the year ended 30 November 2024
Apex Litigation Finance Limited
Unaudited accounts
Contents
Apex Litigation Finance Limited
Company Information
for the year ended 30 November 2024
Company Number
11664128 (England and Wales)
Registered Office
20-22 Wenlock Road
London
London
N1 7GU
England
Apex Litigation Finance Limited
Statement of financial position
as at 30 November 2024
Cash at bank and in hand
-
23,181
Creditors: amounts falling due within one year
(416,415)
(141,309)
Net current liabilities
(408,790)
(72,130)
Total assets less current liabilities
(408,626)
(70,189)
Creditors: amounts falling due after more than one year
(909,674)
(788,871)
Net liabilities
(1,318,300)
(859,060)
Called up share capital
100
100
Profit and loss account
(1,318,400)
(859,160)
Shareholders' funds
(1,318,300)
(859,060)
For the year ending 30 November 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by
M Power
Director
Company Registration No. 11664128
Apex Litigation Finance Limited
Notes to the Accounts
for the year ended 30 November 2024
Apex Litigation Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 11664128. The registered office is 20-22 Wenlock Road, London, London, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
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:
Fixtures & fittings
25% Reducing balance.
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for
impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
Apex Litigation Finance Limited
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Fixtures & fittings
Surplus on revaluation
(400)
5
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 December 2023
1
(10)
(9)
Fair value adjustments
(1)
10
9
Valuation at 30 November 2024
-
-
-
Amounts falling due within one year
Amounts due from group undertakings etc.
5,000
35,199
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
19,612
10,010
Taxes and social security
(72,000)
9,747
Other creditors
111,347
121,552
Apex Litigation Finance Limited
Notes to the Accounts
for the year ended 30 November 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
900,923
773,771
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).