Company Registration No. 10089979 (England and Wales)
APPFA LTD
Unaudited accounts
for the year ended 31 March 2026
APPFA LTD
Statement of financial position
as at 31 March 2026
Investment property
805,000
658,000
Cash at bank and in hand
2,985
2,463
Creditors: amounts falling due within one year
(175,189)
(185,822)
Net current liabilities
(172,204)
(183,359)
Total assets less current liabilities
633,319
475,689
Creditors: amounts falling due after more than one year
(491,465)
(491,465)
Provisions for liabilities
Net assets/(liabilities)
116,961
(15,776)
Called up share capital
100
100
Revaluation reserve
89,169
(32,938)
Profit and loss account
27,692
17,062
Shareholders' funds
116,961
(15,776)
For the year ending 31 March 2026 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 April 2026 and were signed on its behalf by
N Safeer
Director
Company Registration No. 10089979
APPFA LTD
Notes to the Accounts
for the year ended 31 March 2026
APPFA LTD is a private company, limited by shares, registered in England and Wales, registration number 10089979. The registered office is 3 Fairview Court, Chinnor Crescent, Greenford, Middlesex, UB6 9NU, United Kingdom.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "TheFinancialReporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section1A "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.
The functional and presentational currency of the company is £ and amounts are rounded to the nearest £.
The financial statements are prepared on a going concern basis despite net liabilities at the year end which is dependent on the continued support of its shareholders. In the opinion of the directors, the company expects to receive income or have funds available to meet obligations as and when they fall due.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The functional and presentational currency of the company is £ and amounts are rounded to the nearest £.
The financial statements are prepared on a going concern basis despite net liabilities at the year end which is dependent on the continued support of its shareholders. In the opinion of the directors, the company expects to receive income or have funds available to meet obligations as and when they fall due.
Turnover represents rent receivable in the period. which is recognised in the profit and loss account in the period in which they are due.
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in fair value of investment properties are included in the profit and loss account in the period in which they arise.
Deferred tax is provided on any gains/losses arising from the revaluations and is included in the profit and loss account and a corresponding amount as a liability.
Fair value valuations are determined by the directors with the benefit of external professionals and available data on current market rents and rental yields for comparable local properties adjusted for any difference in nature, location or condition of the property.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight line over the life of the asset
APPFA LTD
Notes to the Accounts
for the year ended 31 March 2026
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Taxation for the year comprises current tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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 balance sheet date.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
APPFA LTD
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Computer equipment
Fair value at 1 April 2025
658,000
Net gain from fair value adjustments
147,000
The investment property is valued in accordance with the company's accounting policy.
6
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
2,734
2,452
Other creditors
62,019
68,945
Loans from directors
110,436
114,425
7
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
491,465
491,465
Bank loans are secured against investment property.
8
Average number of employees
During the year the average number of employees was 1 (2025: 1).