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Registrar

Registration number: 11284095

Apex Innovations (New Builds) Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Apex Innovations (New Builds) Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Apex Innovations (New Builds) Limited

Company Information

Directors | N J Strecha Ms D M Baker

Registered office | 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Bankers | National Westminster Bank Plc 120-122 High Street Hornchurch Essex RM12 4UL

Accountants | Lambert Chapman LLP Chartered accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

Apex Innovations (New Builds) Limited

(Registration number: 11284095)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,412 | 1,277
Current assets |  |  |
Debtors | 5 | 252,164 | 301,258
Cash at bank and in hand |  | 6,148 | 26,435
|  | 258,312 | 327,693
Creditors: Amounts falling due within one year | 6 | (53,518) | (71,907)
Net current assets |  | 204,794 | 255,786
Total assets less current liabilities |  | 207,206 | 257,063
Creditors: Amounts falling due after more than one year | 6 | (2,651) | (13,098)
Net assets |  | 204,555 | 243,965
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 204,455 | 243,865
Shareholders' funds |  | 204,555 | 243,965

For the financial year ended 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 November 2025 and signed on its behalf by:

N J Strecha
Director

Apex Innovations (New Builds) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, United Kingdom.

The principal place of business is: 50 Church Lane, Braintree, Essex, CM7 5SD.

These financial statements were authorised for issue by the Board on 10 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the completion of property developments in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary material differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Apex Innovations (New Builds) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% Reducing balance
Office equipment | 25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Apex Innovations (New Builds) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Tangible assets

| Office equipment £ | Plant and machinery £ | Total £
Cost or valuation
At 1 April 2024 | 683 | 1,327 | 2,010
Additions | 1,662 | - | 1,662
At 31 March 2025 | 2,345 | 1,327 | 3,672
Depreciation
At 1 April 2024 | 71 | 661 | 732
Charge for the year | 361 | 167 | 528
At 31 March 2025 | 432 | 828 | 1,260
Carrying amount
At 31 March 2025 | 1,913 | 499 | 2,412
At 31 March 2024 | 611 | 666 | 1,277

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 252,164 | 301,258
| 252,164 | 301,258

Apex Innovations (New Builds) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 4,902 | 7,474
Loans and borrowings | 8 | 10,446 | 10,191
Amounts owed to group undertakings |  | 34,955 | 33,540
Taxation and social security |  | 5 | 17,022
Accruals and deferred income |  | 3,210 | 3,680
|  | 53,518 | 71,907

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 2,651 | 13,098

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 100 | 100 | 100 | 100

8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 10,446 | 10,191

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 2,651 | 13,098