Registered number
01912035
Caprifame Ltd
Unaudited Filleted Accounts
30 June 2023
Caprifame Ltd
Registered number: 01912035
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 1,283,916 1,315,494
Current assets
Stocks - 250
Debtors 5 40,153 26,189
Cash at bank and in hand 14,634 21,906
54,787 48,345
Creditors: amounts falling due within one year 6 (157,426) (289,252)
Net current liabilities (102,639) (240,907)
Total assets less current liabilities 1,181,277 1,074,587
Creditors: amounts falling due after more than one year 7 (911,838) (886,338)
Net assets 269,439 188,249
Capital and reserves
Called up share capital 100 100
Profit and loss account 269,339 188,149
Shareholders' funds 269,439 188,249
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved and authorised for issue on:
Kyriacos Karageorgis
Director
Signed on behalf of the board on 29 September 2023
Caprifame Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rent of the hotel accomodation and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Equipment, fixtures & fittings 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 12 14
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2022 40,840
At 30 June 2023 40,840
Amortisation
At 1 July 2022 40,840
At 30 June 2023 40,840
Net book value
At 30 June 2023 -
4 Tangible fixed assets
Land and buildings Equipment, fixture and fittings Total
£ £ £
Cost
At 1 July 2022 1,391,255 628,967 2,020,222
Additions - 175 175
At 30 June 2023 1,391,255 629,142 2,020,397
Depreciation
At 1 July 2022 227,276 477,452 704,728
Charge for the year 9,000 22,753 31,753
At 30 June 2023 236,276 500,205 736,481
Net book value
At 30 June 2023 1,154,979 128,937 1,283,916
At 30 June 2022 1,163,979 151,515 1,315,494
5 Debtors 2023 2022
£ £
Prepayments 10,566 10,902
Other debtors 29,587 15,287
40,153 26,189
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 16,820 52,273
Accruals 39,922 46,981
Director's account 11,366 124,707
Trade creditors 11,417 12,629
Taxation and social security costs 77,142 51,885
Other creditors 759 777
157,426 289,252
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 911,838 886,338
8 Other information
Caprifame Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2nd Floor
10-12 Bourlet Close
London
W1W 7BR
Caprifame Ltd place of business is:
13-15 Gower Street
London
WC1E 6HE
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