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Registration number: 11028105

APN Holdings Ltd

Annual Report and Unaudited Financial Statements

For The Year Ended 31 March 2025

 

APN Holdings Ltd

Contents

Directors' Report

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

APN Holdings Ltd

Directors' Report For The Year Ended 31 March 2025

The directors present their report and the financial statements for the year ended 31 March 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr M. Rothwell

Mr T.G. Kernachan

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 27 August 2025 and signed on its behalf by:

.........................................
Mr M. Rothwell
Director

.........................................
Mr T.G. Kernachan
Director

 
     
 

APN Holdings Ltd

(Registration number: 11028105)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

           

Fixed assets

   

 

Investments

5

 

522,500

 

522,450

Current assets

   

 

Debtors

6

1,436,335

 

1,139,330

 

Cash at bank and in hand

 

19,285

 

575,802

 

 

1,455,620

 

1,715,132

 

Creditors: Amounts falling due within one year

7

(153,381)

 

(115,797)

 

Net current assets

   

1,302,239

 

1,599,335

Net assets

   

1,824,739

 

2,121,785

Capital and reserves

   

 

Called up share capital

522,100

 

522,100

 

Profit and loss account

1,302,639

 

1,599,685

 

Total equity

   

1,824,739

 

2,121,785

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account and Directors' Report.

Approved and authorised by the Board on 27 August 2025 and signed on its behalf by:
 

.........................................
Mr M. Rothwell
Director

.........................................
Mr T.G. Kernachan
Director

 
     
 

APN Holdings Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
34 Wellington Street
Leeds
LS1 2DE

These financial statements were authorised for issue by the Board on 27 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Group accounts not prepared

The Company, as a parent company of a small group, is not required to prepare group accounts by virtue of the exemption within s399 Companies Act 2006.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

APN Holdings Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

5

Investments

2025
£

2024
£

Investments in subsidiaries

522,500

522,450

Subsidiaries

£

Cost or valuation

At 1 April 2024

522,450

Additions

50

At 31 March 2025

522,500

Provision

Carrying amount

At 31 March 2025

522,500

At 31 March 2024

522,450

 

APN Holdings Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

6

Debtors

Debtors: amounts falling due within one year

2025
£

2024
£

Amounts owed by group undertakings

217,454

375

Other debtors

 

1,218,881

1,138,955

 

1,436,335

1,139,330

The company is related to All Property Management Limited by virtue of the common shareholding of Mr M. Rothwell and Mr T.G. Kernachan.

Other debtors include a loan to All Property Management Limited in the amount of £725,451 (2024 £430,508). The loan is interest free, unsecured and repayable on demand.

The company is related to Leeds Pride Community Group Limited by virtue of the common shareholding of Mr. M. Rothwell.

Other debtors include a loan to Leeds Pride Community Group Limited in the amount of £6,714 (2024 £nil). The loan is interest free, unsecured and repayable on demand.

Other debtors include a loan to the directors of the company in the amount of £486,717 (2024 £704,448). The loan is subject to interest at the HMRC official rate, unsecured and repayable on demand. The loan was repaid to the company after the year end.

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Amounts owed to group undertakings

151,461

104,330

Taxation and social security

-

9,547

Other creditors

1,920

1,920

153,381

115,797