REGISTERED NUMBER: 09022841 (England and Wales)

Api Holdings Limited

Unaudited Financial Statements

For The Year Ended

31st December 2024

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

6

FIXED ASSETS

Tangible assets

4

1,882,309

85,471

Investments

5

795,347

682,403

Investment property

6

171,346

171,346

2,849,002

939,220

CURRENT ASSETS

Debtors

7

145,995

52,457

Cash at bank

503,402

1,577,290

649,397

1,629,747

CREDITORS

Amounts falling due within one year

8

1,466,770

660,859

NET CURRENT (LIABILITIES)/ASSETS

(817,373

)

968,888

TOTAL ASSETS LESS CURRENT LIABILITIES

2,031,629

1,908,108

CAPITAL AND RESERVES

Called up share capital

900

900

Share premium

120,894

120,894

Retained earnings

1,909,835

1,786,314

SHAREHOLDERS' FUNDS

2,031,629

1,908,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd September 2025 and were signed on its behalf by:

Dr M J Robinson - Director

1.	STATUTORY INFORMATION

Api Holdings Limited 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:

09022841

Registered office:

Leyden Works

Station Road

Great Yarmouth

Norfolk

NR31 0HB

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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Not depreciated

Plant and machinery

-

10% reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Taxation

Taxation for the year 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1st January 2024

-

145,194

-

145,194

Additions

1,731,400

7,800

74,287

1,813,487

At 31st December 2024

1,731,400

152,994

74,287

1,958,681

DEPRECIATION

At 1st January 2024

-

59,723

-

59,723

Charge for year

-

8,906

7,743

16,649

At 31st December 2024

-

68,629

7,743

76,372

NET BOOK VALUE

At 31st December 2024

1,731,400

84,365

66,544

1,882,309

At 31st December 2023

-

85,471

-

85,471

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1st January 2024

430,921

251,482

682,403

Additions

46,881

66,063

112,944

At 31st December 2024

477,802

317,545

795,347

NET BOOK VALUE

At 31st December 2024

477,802

317,545

795,347

At 31st December 2023

430,921

251,482

682,403

Cost or valuation at 31st December 2024 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2018

-

7,239

7,239

Valuation in 2019

-

15,747

15,747

Valuation in 2020

-

(27,432

)

(27,432

)

Valuation in 2021

-

38,593

38,593

Valuation in 2022

-

(7,238

)

(7,238

)

Valuation in 2023

-

(13,078

)

(13,078

)

Valuation in 2024

-

(13,831

)

(13,831

)

Cost

477,802

317,545

795,347

477,802

317,545

795,347

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

and 31st December 2024

171,346

NET BOOK VALUE

At 31st December 2024

171,346

At 31st December 2023

171,346

Investment property represents property held to earn rentals and or capital appreciation.

Fair value at 31st December 2024 is represented by:

£

Valuation in 2017

20,000

Cost

151,346

171,346

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

125,228

50,670

Other debtors

20,767

1,787

145,995

52,457

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

183,186

4,380

Amounts owed to group undertakings

1,224,559

627,432

Taxation and social security

11,191

5,014

Other creditors

47,834

24,033

1,466,770

660,859

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

PPI Engineering Ltd, a company in which API Holdings Ltd own 40% of the allotted share capital, was loaned amounts and at the year end API Holdings Ltd was owed £97,350 (2023 : £Nil). The loan was fully repaid post year end.

MY Sofa Covers Ltd, a company in which M J Robinson is a director and in which T C Baggot owns 17% of the allotted share capital, was loaned amounts and at the year end API Holdings Ltd was owed £27,878 (2023 : £50,670), loan repayments are £2,000 per month and interest is charged on the outstanding balance at 3.25%.