APD Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08007346 (England and Wales)

APD PROPERTIES LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2018

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

Mr T Murray

Mr F Murray

Mr E S D Murray

REGISTERED OFFICE:

69-71 Lower Bristol Road

BATH

BA2 3BE

REGISTERED NUMBER:

08007346 (England and Wales)

AUDITORS:

Morris Owen

Statutory Auditors

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

FIXED ASSETS

Property, plant and equipment

4

1,275,039

-

CURRENT ASSETS

Debtors

5

18,736

4

Cash at bank

51,584

-

70,320

4

CREDITORS

Amounts falling due within one year

6

598,613

-

NET CURRENT (LIABILITIES)/ASSETS

(528,293

)

4

TOTAL ASSETS LESS CURRENT LIABILITIES

746,746

4

CREDITORS

Amounts falling due after more than one year

7

732,905

-

NET ASSETS

13,841

4

CAPITAL AND RESERVES

Called up share capital

9

4

4

Retained earnings

13,837

-

SHAREHOLDERS' FUNDS

13,841

4

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 7 December 2018 and were signed on its behalf by:

Mr E S D Murray - Director

1.	STATUTORY INFORMATION

APD Properties Limited is a private company, limited by shares, and incorporated in England and

Wales.

The registered office address is 69-71 Lower Bristol Road, Bath, Avon, BA2 3BE. The principal

place of business is Unit 6 Oaktree Business Park, Swindon, Wiltshire, SN3 4TX.

These financial statements are presented in Pound Sterling (£) which is the company's functional

and presentational currency.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A

"Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable

in the UK and Republic of Ireland" and the Companies Act 2006.

The directors have chosen to early adopt the Amendments to Financial Reporting Standard 102

"The Financial Reporting Standard applicable in the UK and Republic of Ireland" Triennial review

2017.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Financial instruments

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 effective interest method, less any impairment.

Short term creditors are measured at transaction price, less any impairment. Other financial

liabilities, including loans, are measured initially at fair value, net of transaction costs, and are

measured subsequently at amortised cost using the effective interest method.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Land and

buildings

£

COST

Additions

1,281,024

At 30 April 2018

1,281,024

DEPRECIATION

Charge for year

5,985

At 30 April 2018

5,985

NET BOOK VALUE

At 30 April 2018

1,275,039

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

18,736

4

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

43,853

-

Trade creditors

25,761

-

Amounts owed to group undertakings

268,256

-

Taxation and social security

4,067

-

Other creditors

256,676

-

598,613

-

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

732,905

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

776,758

-

A debenture is held over the assets of the company by National Westminster Bank PLC as well as

first legal charges over the following properties and associated assets:

- Unit 6, Oaktree Business Park, Swindon, Wiltshire

- 6 Bardel Court, Houndstone Business Park, Yeovil, Somerset

- Units 2 & 3 Aurillac Business Park, Retford, Nottinghamshire

- Butt Close, Glastonbury, Somerset

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2018

2017

value:

£

£

4

Share capital 1

£1

4

4

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Andrew Beale (Senior Statutory Auditor)

for and on behalf of Morris Owen

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard

102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose

related party transactions with wholly owned subsidiaries within the group.

12.	ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent company is Automotive Parts Distribution Group

Limited, a private company, limited by shares and registered in England and Wales. The registered

office of this company is 69-71 Lower Bristol Road, Bath, Avon, BA2 3BE.

The ultimate controlling party is considered to be Mr T Murray.