Silverfin false false 31/03/2025 01/04/2024 31/03/2025 F P Abbott 01/11/2005 P Rastall Mr P Rastall 28 April 2025 The principal activity of the company continued to be that of proprietors of licensed premises and the rental of properties. 01894500 2025-03-31 01894500 bus:Director1 2025-03-31 01894500 2024-03-31 01894500 core:CurrentFinancialInstruments 2025-03-31 01894500 core:CurrentFinancialInstruments 2024-03-31 01894500 core:ShareCapital 2025-03-31 01894500 core:ShareCapital 2024-03-31 01894500 core:SharePremium 2025-03-31 01894500 core:SharePremium 2024-03-31 01894500 core:RetainedEarningsAccumulatedLosses 2025-03-31 01894500 core:RetainedEarningsAccumulatedLosses 2024-03-31 01894500 core:FurnitureFittings 2024-03-31 01894500 core:FurnitureFittings 2025-03-31 01894500 2024-04-01 2025-03-31 01894500 bus:FilletedAccounts 2024-04-01 2025-03-31 01894500 bus:SmallEntities 2024-04-01 2025-03-31 01894500 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 01894500 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01894500 bus:Director1 2024-04-01 2025-03-31 01894500 bus:Director2 2024-04-01 2025-03-31 01894500 bus:Director3 2024-04-01 2025-03-31 01894500 core:FurnitureFittings core:TopRangeValue 2024-04-01 2025-03-31 01894500 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 01894500 (England and Wales)

# APPLEMILL LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

APPLEMILL LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

APPLEMILL LIMITED

## BALANCE SHEET

As at 31 March 2025
APPLEMILL LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 5 | 460,077 |  | 460,077
|  | 460,077 |  | 460,077
Current assets |  |  |  |
Debtors | 6 | 477 |  | 1,886
Cash at bank and in hand |  | 671 |  | 2,133
|  | 1,148 |  | 4,019
Creditors: amounts falling due within one year | 7 | ( 169,423) |  | ( 194,321)
Net current liabilities |  | (168,275) |  | (190,302)
Total assets less current liabilities |  | 291,802 |  | 269,775
Net assets |  | 291,802 |  | 269,775
Capital and reserves |  |  |  |
Called-up share capital |  | 200 |  | 200
Share premium account |  | 19,950 |  | 19,950
Profit and loss account |  | 271,652 |  | 249,625
Total shareholders' funds |  | 291,802 |  | 269,775

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Applemill Limited (registered number: 01894500) were approved and authorised for issue by the Board of Directors on 28 April 2025. They were signed on its behalf by:

Mr P Rastall Director |

APPLEMILL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
APPLEMILL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Applemill Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 27 Ewden Close, Childwall, Liverpool, L16 5HF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover represents amounts receivable for rents net of VAT.

##### Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

##### Taxation

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

##### Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings | 4 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

##### Cash and cash equivalents

Turnover represents amounts receivable for rents net of VAT.

##### Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

##### Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

#### 2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future periods.

#### 3. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 3

#### 4. Tangible assets

| Fixtures and fittings |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 1,452 |  | 1,452
At 31 March 2025 | 1,452 |  | 1,452
Accumulated depreciation |  |  |
At 01 April 2024 | 1,452 |  | 1,452
At 31 March 2025 | 1,452 |  | 1,452
Net book value |  |  |
At 31 March 2025 | 0 |  | 0
At 31 March 2024 | 0 |  | 0

#### 5. Investment property

| Investment property
| £
Valuation |
As at 01 April 2024 | 460,077
As at 31 March 2025 | 460,077

The fair value of the investment property has been arrived at on the basis of a valuation carried out on 31 March 2025 by the directors.

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 477 |  | 1,886

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Taxation and social security | 5,167 |  | 5,630
Other creditors | 164,256 |  | 188,691
| 169,423 |  | 194,321

#### 8. Related party transactions

Transactions with the entity's directors

At 31 March 2025, the balance owed to the directors of the company was £153,625 (2024: £179,100). No interest is payable on the loans and there are no fixed terms for repayment.