COMPANY REGISTRATION NUMBER:
15334348
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Apricus Developments Limited |
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Filleted Unaudited Financial Statements |
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Apricus Developments Limited |
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Statement of Financial Position |
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31 March 2025
Current assets
|
Stocks |
1,455,176 |
|
|
Debtors |
4 |
58,340 |
|
|
------------ |
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|
1,513,516 |
|
|
|
|
|
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Creditors: amounts falling due within one year |
5 |
1,053,426 |
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|
------------ |
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Net current assets |
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460,090 |
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|
--------- |
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Total assets less current liabilities |
|
460,090 |
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|
|
|
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Creditors: amounts falling due after more than one year |
6 |
|
482,140 |
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|
--------- |
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Net liabilities |
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(
22,050) |
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|
--------- |
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|
|
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Capital and reserves
|
Called up share capital |
|
100 |
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Profit and loss account |
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(
22,150) |
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|
-------- |
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Shareholders deficit |
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(
22,050) |
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|
-------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
24 July 2025
, and are signed on behalf of the board by:
Company registration number:
15334348
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Apricus Developments Limited |
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Notes to the Financial Statements |
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Period from 7 December 2023 to 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10-12 Pool Business Park Pool Road, Pool in Wharfedale, Otley, LS21 1FD, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The Director confirms that, after reviewing expenditure commitments, expected cash flows and borrowing facilities, they have a reasonable expectation that the Company has adequate resources to continue in operational existence for the next financial year and the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Debtors
|
31 Mar 25 |
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£ |
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Other debtors |
58,340 |
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-------- |
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5.
Creditors:
amounts falling due within one year
|
31 Mar 25 |
|
£ |
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Bank loans and overdrafts |
37,860 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
1,010,657 |
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Other creditors |
4,909 |
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------------ |
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1,053,426 |
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------------ |
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The following liabilities disclosed under creditors falling due within one year are secured by the company:
The balances are secured on the assets to which they relate by way of a fixed and floating charge.
6.
Creditors:
amounts falling due after more than one year
|
31 Mar 25 |
|
£ |
|
Bank loans and overdrafts |
482,140 |
|
--------- |
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The following liabilities disclosed under creditors falling due after more than one year are secured by the company:
|
|
2025 |
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|
£ |
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Bank loans |
482,140 |
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The balances are secured on the assets to which they relate by way of a fixed and floating charge.
7.
Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS102 section 1A.
8.
Controlling party
The company was under the control of the director throughout the period due to their 100% shareholding.