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Company Registration No. 05347214 (England and Wales)
APE Properties Limited Unaudited accounts for the year ended 31 January 2025
APE Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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APE Properties Limited Company Information for the year ended 31 January 2025
Directors
Penelope Jane Hill Brandon Hill
Company Number
05347214 (England and Wales)
Accountants
Falcor BC Limited 61 High Street Chobham GU24 8AF
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APE Properties Limited Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
13,000 
46,960 
Investment property
5
1,007,188 
2,327,495 
Investments
6
84,867 
- 
1,105,055 
2,374,455 
Current assets
Debtors
7
7,019 
13,242 
Cash at bank and in hand
(9,284)
(8,328)
(2,265)
4,914 
Creditors: amounts falling due within one year
8
(255,159)
(697,762)
Net current liabilities
(257,424)
(692,848)
Total assets less current liabilities
847,631 
1,681,607 
Creditors: amounts falling due after more than one year
9
(1,172,165)
(1,345,569)
Provisions for liabilities
Deferred tax
(29,853)
(97,816)
Net (liabilities)/assets
(354,387)
238,222 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(354,487)
238,122 
Shareholders' funds
(354,387)
238,222 
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by
Penelope Jane Hill Director Company Registration No. 05347214
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APE Properties Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
APE Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 05347214.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment to match to current useful value. No allowance is made for tools described as plant & equipment.
Motor vehicles
20%
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement after completion of building work. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The profits recorded on revaluations are not distributable until such time as the properties are sold.
Going concern
The financial statements have been presented on a Going Concern basis. The Director has undertaken to dispose of the investment properties to meet loan obligations as soon as practically possible. The Director Mrs P Hill is prepared to forgive her loan of £319,070 to enable the Company to meet third party debts.
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APE Properties Limited Notes to the Accounts for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2024
5,000 
71,747 
1,509 
78,256 
Additions
- 
10,000 
- 
10,000 
Disposals
- 
(71,747)
- 
(71,747)
At 31 January 2025
5,000 
10,000 
1,509 
16,509 
Depreciation
At 1 February 2024
- 
31,296 
- 
31,296 
Charge for the year
- 
12,563 
- 
12,563 
On disposals
- 
(41,859)
1,509 
(40,350)
At 31 January 2025
- 
2,000 
1,509 
3,509 
Net book value
At 31 January 2025
5,000 
8,000 
- 
13,000 
At 31 January 2024
5,000 
40,451 
1,509 
46,960 
5
Investment property
2025 
£ 
Fair value at 1 February 2024
2,327,495 
Additions
(177,483)
Disposals
(719,017)
Net loss from fair value adjustments
(423,807)
At 31 January 2025
1,007,188 
The Company holds two properties 39 Kingsway Blackwater (£656,611) 141 Hampton Lane (£350,577)
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 February 2024
- 
Additions
84,867 
Valuation at 31 January 2025
84,867 
A subsidiary company was formed to own and manage 137 Hampton Lane property. The property and mortgage were transferred during the year and the balance on the loan account represents the net equity value of the asset.
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APE Properties Limited Notes to the Accounts for the year ended 31 January 2025
7
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,584 
- 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
(3,565)
13,242 
8
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
12,910 
23,333 
VAT
27,466 
(6,895)
Obligations under finance leases and hire purchase contracts
- 
29,888 
Trade creditors
91,651 
55,381 
Amounts owed to group undertakings and other participating interests
7,547 
- 
Taxes and social security
1,442 
(219)
Other creditors
114,143 
13,366 
Loans from directors
- 
575,498 
Accruals
- 
7,410 
255,159 
697,762 
9
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
743,585 
1,345,569 
Loans from directors
428,580 
- 
1,172,165 
1,345,569 
Aggregate of amounts that fall due for payment after five years
- 
1,322,236 
The long term creditors are secured by interest-only Mortgages over the Investment Properties Precise Mortgages £516 839 over 39 Kingsway Catalyst £107 500 over 139 Hampton Lane Keystone £226,746 over 141 Hampton Lane The Directors (Penelope Hill and Brandon Hill) has personally guaranteed mortgages on behalf of the company.
10
Transactions with related parties
The following loans were outstanding with Directors at year end: Interest is not charged on these loans. Brandon Hill (credit) £109,509 Penelope Hill (creditor) £319,070 The Company had a loan from a direct family member at year end: Callum Hill (credit) £103,963
11
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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