The Apartment Company.co.uk Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 04990816

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		750		1,124
Tangible Assets	5		2,574		3,141
Investments			1		1

			3,325		4,266
CURRENT ASSETS
Debtors	6	167,378		114,891
Cash at bank and in hand		85,091		19,239

		252,469		134,130
Creditors: Amounts Falling Due Within One Year	7	(99,556 )		(84,830 )

NET CURRENT ASSETS (LIABILITIES)			152,913		49,300

TOTAL ASSETS LESS CURRENT LIABILITIES			156,238		53,566

PROVISIONS FOR LIABILITIES
Deferred Taxation			(643 )		(597 )

NET ASSETS			155,595		52,969

CAPITAL AND RESERVES
Called up share capital	8		1		1
Share premium account			38,000		38,000
Profit and Loss Account			117,594		14,968

SHAREHOLDERS' FUNDS			155,595		52,969

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The Apartment Company.co.uk Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Peter Greatorex

Director

25/06/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

The Apartment Company.co.uk Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04990816 . The registered office is The Orchard High Street, Blagdon, Bristol, North Somerset, BS40 7TQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Rendering of services

Turnover from the rendering of services is recognised upon completion of the contract.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit or loss over its estimated economic life of 8 years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are a trademark. It is amortised to profit or loss over its estimated economic life of 10 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% straight line
Computer Equipment	25% straight line

2.6. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit or loss as incurred.

2.7. Financial Instruments

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the

arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost

using the effective interest method, less any impairment.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related

parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction,

where the debt instrument is measured at the present value of the future payments discounted at a market rate

of interest. Such instruments are subsequently carried at amortised cost using the effective interest method,

less any impairment.

Cash at bank and in hand

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and

other short-term highly liquid investments that mature in no more than three months from the date of

acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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The Apartment Company.co.uk Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit or loss because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2023: 14)

4. Intangible Assets

	Goodwill	Other Intangible Assets	Total
	£	£	£
Cost
As at 1 January 2024	8,000	3,742	11,742

As at 31 December 2024	8,000	3,742	11,742

Amortisation
As at 1 January 2024	8,000	2,618	10,618
Provided during the period	-	374	374

As at 31 December 2024	8,000	2,992	10,992

Net Book Value
As at 31 December 2024	-	750	750

As at 1 January 2024	-	1,124	1,124

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	18,454	3,293	21,747
Additions	-	871	871

As at 31 December 2024	18,454	4,164	22,618

...CONTINUED

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The Apartment Company.co.uk Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	17,387	1,219	18,606
Provided during the period	397	1,041	1,438

As at 31 December 2024	17,784	2,260	20,044

Net Book Value
As at 31 December 2024	670	1,904	2,574

As at 1 January 2024	1,067	2,074	3,141

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	111,380	26,995
Other debtors	55,898	87,796

	167,278	114,791
Due after more than one year
Amounts owed by group undertakings	100	100

	167,378	114,891

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	10,456	26,369
Other creditors	12,920	25,947
Taxation and social security	76,180	32,514

	99,556	84,830

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

In March 2022, the company bought back 16 ordinary shares of 1p each for a consideration of £50,000. These shares were then cancelled. In October 2022, the company bought back a further 4 ordinary shares of 1p each for a consideration of £30,000. These shares were then cancelled.

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	-	11,382
Later than one year and not later than five years	-	17,074

	-	28,456

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The Apartment Company.co.uk Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to a director:

At start of period: £63,348

Amounts advanced:

Amounts repaid: £28,473

At end of period: £34,875

The above loan is unsecured, interest free and repayable on demand.

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