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REGISTERED NUMBER: 11063711 (England and Wales)














Financial Statements

for the Year Ended 29 September 2022

for

Capital Life Group Limited

Capital Life Group Limited (Registered number: 11063711)

Contents of the Financial Statements
for the Year Ended 29 September 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Capital Life Group Limited

Company Information
for the Year Ended 29 September 2022







DIRECTORS: J A Elder
C Darlaston





REGISTERED OFFICE:
Brooke Court
Lower Meadow Road, Handforth
Wilmslow
SK9 3ND





REGISTERED NUMBER: 11063711 (England and Wales)





AUDITORS: SB&P
Chartered Accountants & Statutory Auditors
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Capital Life Group Limited (Registered number: 11063711)

Balance Sheet
29 September 2022

29.9.22 29.9.21
Notes £    £    £    £   
FIXED ASSETS
Investments 4 5,103 -

CURRENT ASSETS
Debtors 5 825,001 1

CREDITORS
Amounts falling due within one year 6 830,103 -
NET CURRENT (LIABILITIES)/ASSETS (5,102 ) 1
TOTAL ASSETS LESS CURRENT LIABILITIES 1 1

CAPITAL AND RESERVES
Called up share capital 1 1
1 1

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 29 September 2023 and were signed on its behalf by:





C Darlaston - Director


Capital Life Group Limited (Registered number: 11063711)

Notes to the Financial Statements
for the Year Ended 29 September 2022


1. STATUTORY INFORMATION

Capital Life Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 (2021 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 5,103
At 29 September 2022 5,103
NET BOOK VALUE
At 29 September 2022 5,103

Capital Life Group Limited (Registered number: 11063711)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2022


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.22 29.9.21
£    £   
Amounts owed by group undertakings 825,000 -
Other debtors 1 1
825,001 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.22 29.9.21
£    £   
Amounts owed to group undertakings 830,103 -

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

The Report of the Auditors was unqualified.

Suzanne Draper FCCA ACA (Senior Statutory Auditor)
for and on behalf of SB&P

8. POST BALANCE SHEET EVENTS

On 12 September 2023, Capital Life Group Limited sold their shareholding in Capital Life Legal Services Limited to a third party for a maximum consideration of £300,000.

On the same date, Capital Life Group Limited sold their shareholdings in Capital Life Limited, now known as TFA Legal Services Limited) to a third party for £1 consideration.