ACCOUNTS - Final Accounts

Registered number: 05221001

APOLLO PROPERTY & MARINE LOGISTICS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

APOLLO PROPERTY & MARINE LOGISTICS LIMITED

REGISTERED NUMBER: 05221001

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	5		1,673,917		1,674,640
Current assets
Debtors: amounts falling due within one year	6	609		609
Cash at bank and in hand		31,276		30,784
		31,885		31,393
Creditors: amounts falling due within one year	7	(324,597)		(343,956)
Net current liabilities			(292,712)		(312,563)

Net assets			1,381,205		1,362,077

Capital and reserves
Called up share capital	1	1
Profit and loss account	1,381,204	1,362,076
	1,381,205	1,362,077

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 July 2025.

................................................

Mrs J A Lundy

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

APOLLO PROPERTY & MARINE LOGISTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Apollo Property & Marine Logistics Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered Office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, United Kingdom, E11 1GA. The registered number is 05221001.
The principal activity of the Company during the year was that of letting and operating of real estate.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised by the Company in respect of rents received during the year in accordance with the rent agreements.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings

20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

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APOLLO PROPERTY & MARINE LOGISTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the statement of income and retained earnings.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

2.7

Creditors

Short term creditors are measured at transaction price, less any impairment.

2.8

Lease of assets

The Company receives rental income on assets held for use in operating leases. It recognises the rents on a straight line basis and accounts for costs over the life of the lease.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
a) Critical judgements in applying accounting policies
(i) Valuation of investment properties
The valuation of investment properties has been made by the director based on his personal expertise and knowledge of the market.
b) Critical accounting estimates and assumptions
The Company does not consider there to be any critical estimates and assumptions in applying accounting policies.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

APOLLO PROPERTY & MARINE LOGISTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Tangible fixed assets

	Investment property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2024	1,671,027	3,613	1,674,640
At 31 December 2024	1,671,027	3,613	1,674,640
Depreciation
Charge for the year on owned assets	-	723	723
At 31 December 2024	-	723	723
Net book value
At 31 December 2024	1,671,027	2,890	1,673,917
At 31 December 2023	1,671,027	3,613	1,674,640

Page 4

APOLLO PROPERTY & MARINE LOGISTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Trade debtors	609	609

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	1,055	1,067
Corporation tax	5,875	6,374
Other creditors	315,267	335,015
Accruals and deferred income	2,400	1,500
	324,597	343,956

8.	Lease of assets

The Company has aggregate rentals receivable in relation to operating leases of £72,931 (2023 - £70,121).
At 31 December 2024, the Company held fixed assets used in operating leases at a cost of £1,671,027 (2023- £1,671,027). There is no related depreciation (2023 - £Nil).

9.	Related party transactions
	Included in other creditors at the year end are balances of £306,376 (2023 - £328,635) owed to companies under common control.

10.	Controlling party

The Company regards R P Lundy Esq as its ultimate controlling party.

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