Financial Statements

for the Period 9 April 2024 to 31 March 2025

for

Apsley (High Street Glasgow) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Nock

G A Conway

REGISTERED OFFICE:

17 Grosvenor Street

London

London

W1K 4QG

REGISTERED NUMBER:

15630084 (England and Wales)

AUDITORS:

Williams & Co Epsom LLP

Statutory Auditors

8-10 South Street

Epsom

Surrey

KT18 7PF

CURRENT ASSETS

Stocks

4

18,022,668

Debtors

5

211,904

Cash at bank and in hand

527,646

18,762,218

CREDITORS

Amounts falling due within one year

6

306,106

NET CURRENT ASSETS

18,456,112

TOTAL ASSETS LESS CURRENT LIABILITIES

18,456,112

CREDITORS

Amounts falling due after more than one year

7

18,488,896

NET LIABILITIES

(32,784

)

CAPITAL AND RESERVES

Called up share capital

9

2

Retained earnings

10

(32,786

)

SHAREHOLDERS' FUNDS

(32,784

)

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

G Nock - Director

1.	STATUTORY INFORMATION

Apsley (High Street Glasgow) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Stock and work in progress represents site costs, planning fees and attributable interest on loans to hold the property.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.

STOCKS

£

Valuation

15,289,500

Work-in-progress

2,733,168

18,022,668

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

VAT

90,768

Prepayments and accrued income

121,136

211,904

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

172,363

Accruals and deferred income

133,743

306,106

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loan

8,700,000

Other loans

9,788,896

18,488,896

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

The bank loan is secured by way of a 1st charge over the property together with a debenture over the company assets. The bank loan is repayable in July 2026 or sale of the property if earlier.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

1

2

10.

RESERVES

Retained

earnings

£

Deficit for the period

(32,786

)

At 31 March 2025

(32,786

)

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Williams (Senior Statutory Auditor)

for and on behalf of Williams & Co Epsom LLP