APPERLY ESTATES LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Given the continuing global economic and political uncertainties caused by the elevated level of geopolitical conflicts and the political imposition of tariffs and exports to the USA, the directors continue to place a particular focus on the appropriateness of adopting the going concern basis in preparing the financial statements for the year ended 28 February 2025. The Company's going concern assessment considered its principal risks to be a reduction in rent collection, a fall in the value of its investment property and breaches of banking covenants. The assessment included the preparation of a ten year cash flow forecast for the business and the reviewing of the forecasts for the next two financial years for our principal risks using sensitivity analyses. The assessment showed that the Company would continue to operate profitably with sufficient retained reserves, cash resources and agreed long term bank facilities in excess of the Company's requirements for the next twelve months and would continue to meet all its banking covenants. The directors therefore continue to believe that it is appropriate to prepare the financial statement on a going concern basis.”

Significant events

• “Rental income for the year increased by 14.8% to £6.0m principally due to the acquisition of seven retail units in Winchester in December 2023, the completion of a new pre-let industrial unit at Redwing Court, Huntingdon in September 2024 and the completion of a number of new leases in the Company's existing property portfolio.”
• “In respect of the Company's bank loans, two of its facilities were refinanced as set out in Note 20 of the accounts.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +14.8%

  £5,260,868 → £6,036,880

• Cash

  -43.1%

  £2,829,093 → £1,609,548

• Net assets

  +10%

  £89,907,242 → £98,893,475

• Employees

  -12.5%

  8 → 7

• Operating profit

  +30.2%

  £3,400,328 → £4,427,024

• Profit before tax

  +428.1%

  -£3,986,178 → £13,076,785

• Wages

  -20.9%

  £749,598 → £593,116

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers