APC Capital Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11594001 (England and Wales)

APC CAPITAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

770,000

CURRENT ASSETS

Debtors

5

144,380

Cash at bank

16,310

34,744

160,690

179,124

CREDITORS

Amounts falling due within one year

6

152,393

175,659

NET CURRENT ASSETS

8,297

3,465

TOTAL ASSETS LESS CURRENT
LIABILITIES

778,297

773,465

CREDITORS

Amounts falling due after more than one
year

7

(474,529

)

(474,529

)

PROVISIONS FOR LIABILITIES

(74,001

)

(56,240

)

NET ASSETS

229,767

242,696

CAPITAL AND RESERVES

Called up share capital

8

1

Fair value reserve

9

222,002

239,762

Retained earnings

9

7,764

2,933

SHAREHOLDERS' FUNDS

229,767

242,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 June 2025 and were signed by:

A Camp - Director

1.	STATUTORY INFORMATION

APC Capital Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11594001

Registered office:

28 Athenaeum Road

London

N20 9AE

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Going concern

The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover

The company lets its investment property and turnover represents the rent received or receivable in the year; it excludes discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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 year was 1 (2023 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

and 30 September 2024

770,000

NET BOOK VALUE

At 30 September 2024

770,000

At 30 September 2023

770,000

Fair value at 30 September 2024 is represented by:

£

Valuation in 2023

296,002

Cost

473,998

770,000

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

Cost

473,998

investment property was valued on an open market basis on 30 September 2024 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other debtors

144,380

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

1,200

-

Other creditors

151,193

175,659

152,393

175,659

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans

474,529

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

474,529

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

1

Ordinary

1

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 October 2023

2,933

239,762

242,695

Deficit for the year

(12,430

)

(12,430

)

Dividends

(500

)

(500

)

Deferred tax

17,761

(17,760

)

1

At 30 September 2024

7,764

222,002

229,766

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024

2023

£

A Camp

Balance outstanding at start of year

(159,397

)

(139,216

)

Amounts advanced

9,965

10,819

Amounts repaid

(500

)

(31,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(149,932

)

(159,397

)

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £500 (2023 - £1,000) were paid to the director .

C&C Station Road Ltd

A company which A Camp is a shareholder and director.

Amount due from related party at the balance sheet date £55,500 (2023 - £55,000).

This loan is unsecured, there is no interest payable and there are no agreed repayment terms.

C&C Whinbush LLP

A company which A Camp is a member via his shareholding in Camp & Co Holdings Ltd.

Amount due from related party at the balance sheet date £7,877 (2023 - £7,877).

This loan is unsecured, there is no interest payable and there are no agreed repayment terms.

C&C Ferrars Ltd

A company which A Camp is a shareholder and director.

Amount due from related party at the balance sheet date £11,500 (2023 - £11,500).

This loan is unsecured, there is no interest payable and there are no agreed repayment terms.

Camp & Co Developments Ltd

A company which A Camp is a shareholder and director.

Amount due from related party at the balance sheet date £5,000 (2023 - £5,000).

This loan is unsecured, there is no interest payable and there are no agreed repayment terms.

Camp & Co Holdings Ltd

A company which A Camp is a shareholder and director.

Amount due from related party at the balance sheet date £50,803 (2023 - £50,803).

This loan is unsecured, there is no interest payable and there are no agreed repayment ter