APN Limited

(Registration number: 04569867) (England and Wales)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	37,052	47,299
Investment property	6	3,091,500	3,091,500
Other financial assets	7	30	-
		3,128,582	3,138,799
Current assets
Debtors	8	697,486	103,000
Cash at bank and in hand		57,448	33,394
		754,934	136,394
Creditors: Amounts falling due within one year	9	(140,820)	(302,590)
Net current assets/(liabilities)		614,114	(166,196)
Total assets less current liabilities		3,742,696	2,972,603
Creditors: Amounts falling due after more than one year	9	(1,167,501)	(473,333)
Provisions for liabilities		(174,381)	(174,381)
Net assets		2,400,814	2,324,889
Capital and reserves
Called up share capital	11	100	100
Retained earnings		2,400,714	2,324,789
Shareholders' funds		2,400,814	2,324,889

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 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

APN Limited

(Registration number: 04569867) (England and Wales)
Balance Sheet as at 31 March 2025 (continued)

The financial statements were approved and authorised for issue by the Board on 23 December 2025 and signed on its behalf by:
 

......................................... Dr Prashant Gupta Director

APN 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 and Wales.

The address of its registered office is:
6 Queens Road
Ealing
London
W5 2SA
United Kingdom

These financial statements were authorised for issue by the Board on 23 December 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 except that as disclosed in the accounting policies certain items are shown at fair value.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

Revenue recognition

Tturnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Tturnover 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.

APN Limited

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

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, 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.

Tangible assets

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

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:

Asset class	Depreciation method and rate
Office equipment	25% on WDV

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade 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 using the effective interest method, 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.

APN Limited

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

2	Accounting policies (continued)

Trade 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 using the effective interest method.

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.

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.

APN Limited

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

2	Accounting policies (continued)

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans from related parties.

 Recognition and measurement
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms of financed at a rate of interest that is not a market rate or in case of an out-right short term loan not at a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

 Impairment
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss if recognised in the Profit and loss account.

For financial assets measured as amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discounted rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.

3	Staff numbers

The average monthly number of persons employed by the company (including directors) during the year, was 1 (2024: 1).

4

Taxation

Tax charged/(credited) in the profit and loss account

APN Limited

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

4	Taxation (continued)

	2025 £	2024 £
Current taxation
UK corporation tax	28,737	10,880
UK corporation tax adjustment to prior periods	(414)	-
	28,323	10,880

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost
At 1 April 2024	2,951	55,995	58,946
Additions	2,309	-	2,309
Disposals	(749)	-	(749)
At 31 March 2025	4,511	55,995	60,506
Depreciation
At 1 April 2024	1,148	10,499	11,647
Charge for the year	976	11,374	12,350
Eliminated on disposal	(543)	-	(543)
At 31 March 2025	1,581	21,873	23,454
Carrying amount
At 31 March 2025	2,930	34,122	37,052
At 31 March 2024	1,803	45,496	47,299

6	Investment properties

	2025 £
At 1 April	3,091,500
At 31 March	3,091,500

The investment property was revalued on 31 March 2023 by the Directors who are internal to the company. The basis of this valuation was on an open market value.

APN Limited

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

7	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
Additions	30	30
At 31 March 2025	30	30
Impairment
Carrying amount
At 31 March 2025	30	30

8

Debtors

	Note	2025 £	2024 £
Other debtors	12	697,486	103,000
		697,486	103,000

APN Limited

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

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	15,609	-
Taxation and social security		28,737	10,879
Accruals and deferred income		3,120	2,820
Other creditors		22,125	24,634
Directors current account		71,229	264,257
		140,820	302,590

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	1,167,501	473,333

10	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Finance lease liabilities	15,609	-

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	1,139,822	422,841
Finance lease liabilities	27,679	50,492
	1,167,501	473,333

The bank borrowings are secured against the Investment properties.

APN Limited

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

11	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

12	Related party transactions

Other debtors of £408,887 includes £305,887 owed from AGDP Ltd in which there are common shareholders.