REGISTERED NUMBER: 09629223 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

APEX COURT LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Mansour

REGISTERED OFFICE:

Mayfield House

177 Shaftesbury Avenue

London

WC2H 8JR

REGISTERED NUMBER:

09629223 (England and Wales)

ACCOUNTANTS:

David Simon Limited

Chartered Certified Accountants

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Investment property

4

6,255,000

6,255,000

CURRENT ASSETS

Debtors

5

13,132

850

Cash at bank

9,490

913

22,622

1,763

CREDITORS

Amounts falling due within one year

6

2,364,783

2,255,757

NET CURRENT LIABILITIES

(2,342,161

)

(2,253,994

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,912,839

4,001,006

CREDITORS

Amounts falling due after more than one year

7

(3,413,796

)

(3,419,770

)

PROVISIONS FOR LIABILITIES

(62,500

)

(62,500

)

NET ASSETS

436,543

518,736

CAPITAL AND RESERVES

Called up share capital

1

1

Non-distributable reserves

9

187,500

187,500

Retained earnings

249,042

331,235

SHAREHOLDERS' FUNDS

436,543

518,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 December 2025 and were signed by:

Mr J Mansour - Director

1.	STATUTORY INFORMATION

Apex Court Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Government assisted loans

Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

6,255,000

NET BOOK VALUE

At 31 December 2024

6,255,000

At 31 December 2023

6,255,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

250,000

Cost

6,005,000

6,255,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

8,273

850

Other debtors

4,859

-

13,132

850

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

6,022

-

Trade creditors

9,773

2,182

Amounts owed to group undertakings

2,287,232

2,182,112

Other creditors

61,756

71,463

2,364,783

2,255,757

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

27,149

-

Other creditors

3,386,647

3,419,770

3,413,796

3,419,770

2024

2023

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

3,386,647

3,386,647

Repayable by instalments

Bank loans more 5 yr by instal

3,060

-

Other loans more 5yrs instal

-

9,034

3,060

9,034

8.	SECURED DEBTS

The loans are secured by way of a charge over the assets of the company and contains a covenant of equal coverage.

9.

RESERVES

Non-distribu

reserves

£

At 1 January 2024

and 31 December 2024

187,500

10.	ULTIMATE CONTROLLING PARTY

At 31 December 2024 the company's controlling party was Mayfield Property Group Limited. These accounts present information about the company as an individual and not about the group.