Company No: 04977047 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	42,525		53,141
Investment property	4	2,101,470		2,101,470
		2,143,995		2,154,611
Current assets
Debtors	5	14,507		12,823
Cash at bank and in hand		200,038		136,700
		214,545		149,523
Creditors: amounts falling due within one year	6	( 137,261)		( 119,765)
Net current assets		77,284		29,758
Total assets less current liabilities		2,221,279		2,184,369
Creditors: amounts falling due after more than one year	7	( 1,543,389)		( 1,554,134)
Net assets		677,890		630,235
Capital and reserves
Called-up share capital	8	196		196
Profit and loss account		677,694		630,039
Total shareholders' funds		677,890		630,235

For the financial year ending 30 April 2026 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Aprilmia Limited (registered number: 04977047) were approved and authorised for issue by the Board of Directors on 15 July 2026. They were signed on its behalf by:

J Weston Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Aprilmia Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Ark, Grimley, Worcester, WR2 6LT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so 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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Vehicles	3.25 years straight line
Fixtures and fittings	10 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 May 2025	54,720		112,548		735		168,003
At 30 April 2026	54,720		112,548		735		168,003
Accumulated depreciation
At 01 May 2025	1,742		112,548		572		114,862
Charge for the financial year	10,453		0		163		10,616
At 30 April 2026	12,195		112,548		735		125,478
Net book value
At 30 April 2026	42,525		0		0		42,525
At 30 April 2025	52,978		0		163		53,141

4. Investment property

	Investment property
	£
Valuation
As at 01 May 2025	2,101,470
As at 30 April 2026	2,101,470

Assumptions

These assumptions were arrived at taking account of information and advice from external property consultants, in-house property experts, publicly available data and judgement. A significant level of uncertainty exists in relation to these assumptions and any changes in these assumptions could have a material impact on the carrying value of Investment Property in the financial statements. The 2026 valuations were made by the directors, on an open market value for existing use basis.

5. Debtors

	2026		2025
	£		£
Trade debtors	995		0
Amounts owed by directors	96		96
Prepayments	13,416		12,727
	14,507		12,823

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	43,961		25,406
Amounts owed to directors	0		5,600
Accruals and deferred income	50,330		49,220
Taxation and social security	26,545		19,114
Obligations under finance leases and hire purchase contracts	10,745		10,745
Other creditors	5,680		9,680
	137,261		119,765

7. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Amounts owed to directors	750,000		750,000
Obligations under finance leases and hire purchase contracts (secured)	32,389		43,134
Other creditors	761,000		761,000
	1,543,389		1,554,134

The hire purchase obligations are secured against the assets in which they relate to.

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
100 Ordinary A shares of £ 1.00 each	100		100
56 Ordinary B shares of £ 1.00 each	56		56
20 Ordinary C shares of £ 1.00 each	20		20
20 Ordinary D shares of £ 1.00 each	20		20
	196		196

9. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Amounts owed to directors	750,000		755,600

During the year, dividends totalling £9,600 were paid to the directors (2025 : £9,600).