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Registration number: 10555303

Cape Reva Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2023

Pages for filing with Registrar

 

Cape Reva Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Cape Reva Limited

Company Information

Directors

P Da Cunha Rego

C Lancaster

Registered office

23 Tintagel Close
Hartlepool
TS27 3NA

Registered number

10555303

Accountants

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

Cape Reva Limited

(Registration number: 10555303)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

190,000

220,000

Current assets

 

Debtors

5

237

237

Cash at bank and in hand

 

1,604

3,363

 

1,841

3,600

Creditors: Amounts falling due within one year

6

(180,640)

(234,797)

Net current liabilities

 

(178,799)

(231,197)

Net assets/(liabilities)

 

11,201

(11,197)

Capital and reserves

 

Called up share capital

7

100

100

Other reserves

-

3,660

Profit and loss account

11,101

(14,957)

Total equity

 

11,201

(11,197)

 

Cape Reva Limited

(Registration number: 10555303)
Balance Sheet as at 31 January 2023

For the financial year ending 31 January 2023 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised for issue by the Board on 5 October 2023 and signed on its behalf by:
 

.........................................

P Da Cunha Rego

Director

 

Cape Reva Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
23 Tintagel Close
Hartlepool
TS27 3NA

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The company’s financial statements have been prepared on a going concern basis. The directors have indicated their willingness to support the company and have considered a period of twelve months from the date of approval of the financial statements and believe that the company is able to meet liabilities as they fall due.

Revenue recognition

Turnover represents amounts invoices to tenants for rents in the year.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Cape Reva Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

2

Accounting policies (continued)

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Cape Reva Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Investment properties

2023
£

At 1 February 2022

220,000

Fair value adjustments

(30,000)

At 31 January 2023

190,000

Investment property is carried at fair value, determined by the directors with reference to the condition and location of the property, as well as observable market prices.

There has been no valuation of investment property by an independent valuer.

5

Debtors: amounts falling due within one year

2023
£

2022
£

Prepayments

237

237

237

237

6

Creditors

Note

2023
£

2022
£

Other creditors

 

-

45,876

Accruals and deferred income

 

1,620

1,620

Directors' loan accounts

179,020

187,301

 

180,640

234,797

 

Cape Reva Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A shares of £1 each

90

90

90

90

Ordinary B shares of £1 each

10

10

10

10

 

100

100

100

100

8

Related party transactions

Loans from related parties

2023

Entities with joint control or significant influence
£

At start of period

(45,876)

Creditor balance released

45,876

At end of period

-

2022

Entities with joint control or significant influence
£

At start of period

(45,876)

At end of period

(45,876)