AP Asset Management Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 08494513

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		93,381		-
Investments	5		4,357,832		4,357,832

			4,451,213		4,357,832
CURRENT ASSETS
Debtors	6	1,398,098		1,411,083
Cash at bank and in hand		111,190		98,137

		1,509,288		1,509,220
Creditors: Amounts Falling Due Within One Year	7	(4,294,136 )		(4,082,499 )

NET CURRENT ASSETS (LIABILITIES)			(2,784,848 )		(2,573,279 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,666,365		1,784,553

NET ASSETS			1,666,365		1,784,553

CAPITAL AND RESERVES
Called up share capital	8		1		1
Income Statement			1,666,364		1,784,552

SHAREHOLDERS' FUNDS			1,666,365		1,784,553

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AP Asset Management Limited

Statement of Financial Position (continued)

As At 30 April 2025

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr A M Pitts

Director

31/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

AP Asset Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08494513 . The address of the registered office is 3rd Floor, 1 Ashley Road, Altrincham, Cheshire, WA14 2DT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to give a true and fair view.

The company is a parent company and is exempt from the requirement to prepare group accounts by virtue of section 399 of the Companies Act 2006. These financial statements therefore present information about the company as an individual undertaking and not about its group.

These financial statements are presented in sterling and rounded to the nearest £.

The following principal accounting policies have been applied:

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

Gains from the sale of shares are recognised on the date the shares are disposed of.

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

Interest income is recognised in the statement of income and retained earnings using the effective interest method.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

25% - reducing balance

2.4. Financial Instruments

The Company only enters into basic financial instrument 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, loans to related parties and investments in non-puttable ordinary shares.

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 is recognised in the statement of income and retained earnings.

2.5. Taxation

Income tax expense represents the sum of the current income tax charge and deferred tax. Tax is recognised in the statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the country where the Company operates and generates income.

2.6. Interest payable

Interest payable is charged to the statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7. Valuation of investments

The company is exempt from the requirement to prepare consolidated financial statements, as the company and the group headed by it qualify as small, and are considered eligible for the exemption. Investments in subsidiaries are measured at cost less accumulated impairment.

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AP Asset Management Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.8. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8. Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effected interest method, less any impairment.

2.9. Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 May 2024	-
Additions	106,721

As at 30 April 2025	106,721

Depreciation
As at 1 May 2024	-
Provided during the period	13,340

As at 30 April 2025	13,340

Net Book Value
As at 30 April 2025	93,381

As at 1 May 2024	-

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 May 2024	4,357,832

As at 30 April 2025	4,357,832

Provision
As at 1 May 2024	-

As at 30 April 2025	-

Net Book Value
As at 30 April 2025	4,357,832

As at 1 May 2024	4,357,832

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AP Asset Management Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	808,600	1,149,751
Due after more than one year
Other debtors	589,498	261,332

	1,398,098	1,411,083

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	3,362,174	3,370,665
Corporation tax	-	365,281
Accruals and deferred income	19,170	40,157
Director's loan account	912,792	306,396

	4,294,136	4,082,499

As a result of the overdraft of £3,362,174 (2024: £3,370,665), the Royal Bank of Scotland International, trading as Coutts & Co. holds a charge against the secured deposits, secured securities, accounts and derivative assets of the Company. The carrying amount of the assets pledged at the year end was £3,362,174 (2024: £3,370,665). The terms of the charge prohibits the Company from creating further security that will rank equally or ahead of the charge.

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

9. Related Party Transactions

During the year the director provided a loan of £606,396 (2024 - £500,000) to the Company, and the Company repaid the director £nil (2024 - £3,200,456). At the year end, the Company owed the director £912,792 (2024 - £306,396). This balance, included within creditors, is interest free and repayable on demand.

10. Related Undertakings

The Company holds 65 ordinary shares in Logik APAM (Baring Street) Limited (incorporated in England and Wales), representing 65% of the issued share capital. The total capital and reserves at 31/03/2024 amount to £18,955 (2023: £(801)), and the profit/(loss) for the year was £19,756 (2023: £48,940).The immediate and ultimate controlling party is AP Asset Management Limited (the parent company).

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