APSLEY ESTATES LIMITED


Directors	Mrs Victoria Berensen
	Mr Geoffrey Dart


Registered Address	Unit 3 Upp Hall Farm
	Salmons Lane
	Colchester
	CO6 1RY


Registered Number	03954737 (England and Wales)

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		84		288
Investments	4		61,880		82,397
			61,964		82,685
Current assets
Debtors	5	476,155		500,314
Cash at bank and on hand		228		41,357
		476,383		541,671
Creditors amounts falling due within one year	6	(425,551)		(465,010)
Net current assets (liabilities)			50,832		76,661
Total assets less current liabilities			112,796		159,346
Net assets			112,796		159,346
Capital and reserves
Called up share capital			2		2
Profit and loss account			112,794		159,344
Shareholders' funds			112,796		159,346

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 13 November 2025, and are signed on its behalf by:

Mrs Victoria Berensen
Director
Registered Company No. 03954737

APSLEY ESTATES LIMITED

Notes to the Financial Statements
for the year ended 28 February 2025

1.	Accounting policies

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover comprises the fair value of the consideration received or receivable for the sale of goods/provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Turnover policy

Turnover comprises the fair value of the consideration received or receivable for the sale of goods/provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

	Dividend income
	Dividend income is recognised when the right to receive payment is established.

	Tangible fixed assets and depreciation
	Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Tangible fixed assets and depreciation

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:


		Straight line (years)
	Fixtures and fittings	15
	Office Equipment	33

	Investments
	Investments in subsidiaries are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries are measured at cost less any accumulated impairment losses.

Listed investments are measured at fair value where the difference between cost and fair value is material. 
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. 

Changes in fair value are included in the profit and loss account.

	Trade and other debtors
	Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade and other debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other creditors
	Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 March 24	14,908
	At 28 February 25	14,908
	Depreciation and impairment
	At 01 March 24	14,620
	Charge for year	204
	At 28 February 25	14,824
	Net book value
	At 28 February 25	84
	At 29 February 24	288

4.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 01 March 24	105,897
	Revaluations	(10,467)
	Disposals	(10,050)
	At 28 February 25	85,380
	Impairment
	At 01 March 24	23,500
	At 28 February 25	23,500
	Net book value
	At 28 February 25	61,880
	At 29 February 24	82,397

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	474,220	499,357
Other debtors	498	-
Prepayments and accrued income	1,437	957
Total	476,155	500,314

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	5,381	287
Amounts owed to related parties	30,555	39,184
Taxation and social security	-	3,017
Other creditors	386,510	420,022
Accrued liabilities and deferred income	3,105	2,500
Total	425,551	465,010

7.	Share capital
	The company has issued share capital of 2 ordinary shares of £1 each. There have been no changes in the year.

8.	Related party transactions
	Apsley Estates Ltd owns 100% of Chesterfield Capital Ltd. At 28th February 2025 the company was owed £474,219.97 (2024: £499,307) by Chesterfield Capital Ltd. This loan is interest free and have no fixed repayment date.

9.	Parent-subsidiary relationships
	Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows: Undertaking Registered office Holding Proportion of share held Chesterfield Capital Ltd Unit 3 Upp Hall Farm Salmons Lane Colchester Essex CO6 1RY Ordinary 100% The principal activity of Chesterfield Capital Ltd is consultancy services.

Parent-subsidiary relationships

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows: 
Undertaking	                Registered office	                                                                           Holding	        Proportion of share held
Chesterfield Capital Ltd	Unit 3 Upp Hall Farm Salmons Lane Colchester Essex CO6 1RY	   Ordinary	100%
The principal activity of Chesterfield Capital Ltd is consultancy services.