Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31falsefalse2024-01-01Travel guides2121falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03342440 2024-01-01 2024-12-31 03342440 2023-01-01 2023-12-31 03342440 2024-12-31 03342440 2023-12-31 03342440 c:Director1 2024-01-01 2024-12-31 03342440 d:ComputerEquipment 2024-01-01 2024-12-31 03342440 d:ComputerEquipment 2024-12-31 03342440 d:ComputerEquipment 2023-12-31 03342440 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 03342440 d:CurrentFinancialInstruments 2024-12-31 03342440 d:CurrentFinancialInstruments 2023-12-31 03342440 d:Non-currentFinancialInstruments 2024-12-31 03342440 d:Non-currentFinancialInstruments 2023-12-31 03342440 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 03342440 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03342440 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 03342440 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 03342440 d:ShareCapital 2024-12-31 03342440 d:ShareCapital 2023-12-31 03342440 d:RetainedEarningsAccumulatedLosses 2024-12-31 03342440 d:RetainedEarningsAccumulatedLosses 2023-12-31 03342440 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-01-01 2024-12-31 03342440 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-12-31 03342440 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-12-31 03342440 c:OrdinaryShareClass1 2024-01-01 2024-12-31 03342440 c:OrdinaryShareClass1 2024-12-31 03342440 c:OrdinaryShareClass1 2023-12-31 03342440 c:FRS102 2024-01-01 2024-12-31 03342440 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03342440 c:FullAccounts 2024-01-01 2024-12-31 03342440 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03342440 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 03342440














APA PUBLICATIONS (UK) LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
APA PUBLICATIONS (UK) LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 8

 
APA PUBLICATIONS (UK) LTD
REGISTERED NUMBER:03342440

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
  
16,364
20,511

Current assets
  

Stocks
 5 
980,091
817,821

Debtors: amounts falling due after more than one year
 6 
650,000
-

Debtors: amounts falling due within one year
 6 
371,823
768,487

Cash at bank and in hand
  
186,891
391,331

  
2,188,805
1,977,639

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(1,032,550)
(890,130)

Net current assets
  
 
 
1,156,255
 
 
1,087,509

Total assets less current liabilities
  
1,172,619
1,108,020

Creditors: amounts falling due after more than one year
 8 
(643,833)
(521,266)

Provisions for liabilities
  

Other provisions
 9 
(1,001,829)
(1,435,038)

Net liabilities
  
(473,043)
(848,284)


Capital and reserves
  

Called up share capital 
 10 
10,000
10,000

Profit and loss account
  
(483,043)
(858,284)

  
(473,043)
(848,284)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 1

 
APA PUBLICATIONS (UK) LTD
REGISTERED NUMBER:03342440
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 August 2025.


R Frey
Director

Page 2

 
APA PUBLICATIONS (UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

APA Publications (UK) Limited is a private limited liability company incorporated and registered in England & Wales, with its business and registered office address at 7 Bell Yard, London, WC2A 2JR.
The principal activity of the company is the publishing and wholesale distribution of travel guides.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies and foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within other operating income.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of continuing activities and represents publishing, royalties, license fees and wholesale distribution of travel guides supplied during the year, exclusive of Value Added Tax and trade discounts.
Royalty income is accounted for on an accruals basis.
Revenue for license fees is recognised evenly over the period and revenue received in advance is carried forward as deferred income.

Page 3

 
APA PUBLICATIONS (UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan
The Company contributes to defined contribution plans for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
APA PUBLICATIONS (UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short term debtors are measured at the transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

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 accounts receivable and payable and loans to and from related parties.

Page 5

 
APA PUBLICATIONS (UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2023 - 21).


4.


Tangible fixed assets





Computer equipment

£



Cost 


At 1 January 2024
26,520


Additions
3,253



At 31 December 2024

29,773



Depreciation


At 1 January 2024
6,009


Charge for the year on financed assets
7,400



At 31 December 2024

13,409



Net book value



At 31 December 2024
16,364



At 31 December 2023
20,511


5.


Stocks

2024
2023
£
£

Work in progress (goods to be sold)
124,143
123,464

Finished goods and goods for resale
855,948
694,357

980,091
817,821


Page 6

 
APA PUBLICATIONS (UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
650,000
-


2024
2023
£
£

Trade debtors
35,465
412,008

Other debtors
35,900
88,087

Prepayments and accrued income
300,458
268,392

371,823
768,487



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
88,368
90,909

Trade creditors
383,778
165,911

Other taxation and social security
19,518
20,186

Obligations under finance lease and hire purchase contracts
2,868
4,212

Other creditors
27,031
24,689

Accruals and deferred income
510,987
584,223

1,032,550
890,130



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
430,030
518,398

Other loans
115,514
-

Net obligations under finance leases and hire purchase contracts
-
2,868

Amounts owed to group undertakings
98,289
-

643,833
521,266


The bank loan is secured under the government backed Bounce Back Loan for business and bears interest at 2.5% plus the base rate.

Page 7

 
APA PUBLICATIONS (UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Provisions





Sales return provision

£


At 1 January 2024
1,435,037


Released to profit and loss
(433,208)



At 31 December 2024
1,001,829

Provisions relate to sales made on a sale or return basis to retailers.


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,000 (2023 - 10,000) Ordinary shares of £1.00 each
10,000
10,000



11.


Related party transactions

The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.


12.


Controlling party

The directors regard Media Tube Holdings AG, a company incorporated in Switzerland, as the ultimate parent company. R Frey, a director of the company, is the ultimate controlling party.
 
Page 8