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Registered number: 09957275









CAIUS CAPITAL SERVICES LIMITED







UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
CAIUS CAPITAL SERVICES LIMITED
REGISTERED NUMBER: 09957275

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
113,605
163,712

Investment
 6 
460,000
460,000

  
573,605
623,712

Current assets
  

Debtors: amounts falling due within one year
 7 
2,417,930
2,086,625

Cash at bank
 8 
588,417
270,276

  
3,006,347
2,356,901

Creditors: amounts falling due within one year
 9 
(977,555)
(396,774)

Net current assets
  
 
 
2,028,792
 
 
1,960,127

Total assets less current liabilities
  
2,602,397
2,583,839

Provisions for liabilities
  

Deferred tax
 10 
(20,981)
(31,106)

  
 
 
(20,981)
 
 
(31,106)

Net assets
  
2,581,416
2,552,733


Capital and reserves
  

Called up share capital 
 11 
350,001
350,001

Share premium account
  
2,239,712
2,239,712

Profit and loss account
  
(8,297)
(36,980)

  
2,581,416
2,552,733


Page 1

 
CAIUS CAPITAL SERVICES LIMITED
REGISTERED NUMBER: 09957275
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges her 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 in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the Director and were signed by: 




................................................
G Wall
Director

Date: 3 November 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
CAIUS CAPITAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Caius Capital Services Limited (''the Company'') is a Private Limited entity incorporated in England. The address of its registered office and place of business is 135-137 New Bond Street, London, England, W1S 2TQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Director believes that the Company will have adequate resources to meet its liabilities as they fall due for at least twelve months from the date of approval of these financial statements. Accordingly, the going concern basis has been adopted in preparing these financial statements.
The Company has no exposure to Russia/Ukraine and the Director does not see any going concern issues for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
5 years
Office equipment
-
3 years
Art work
-
non depreciating

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
CAIUS CAPITAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Debtors

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.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
CAIUS CAPITAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in Statement of Comprenhensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.


3.


Income from Investments

Income from investments represents Caius Capital Services Limited's share of profits arising from its membership in Caius Capital LLP.

Page 5

 
CAIUS CAPITAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Employees

The average monthly number of employees, including the Director, during the year was as follows:


        2023
        2022
            No.
            No.







Director
1
1



Staff
8
8

9
9


5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Art work
Total

£
£
£
£



Cost


At 1 April 2022
398,941
69,497
3,183
471,621


Additions
7,563
774
-
8,337



At 31 March 2023

406,504
70,271
3,183
479,958



Depreciation


At 1 April 2022
248,429
59,480
-
307,909


Charge for the year
52,842
5,602
-
58,444



At 31 March 2023

301,271
65,082
-
366,353



Net book value



At 31 March 2023
105,233
5,189
3,183
113,605



At 31 March 2022
150,512
10,017
3,183
163,712

Page 6

 
CAIUS CAPITAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Fixed asset investment





Investment
in
subsidiary
undertaking

£



Cost 


At 1 April 2022
460,000



At 31 March 2023
460,000




The investment represents the Company's loan to Caius Capital LLP ("the LLP"). The Company has 1 voting right in the LLP and therefore does not exert control over the LLP. The Director is satisfied that this investment has not been impaired.

Page 7

 
CAIUS CAPITAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
2,318,935
1,985,178

Other debtors
24,820
39,075

Prepayments and accrued income
74,175
62,372

2,417,930
2,086,625



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank
588,417
270,276

588,417
270,276



9.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
9,942
742

Corporation tax
123,924
-

Other taxation and social security
-
2,213

Other creditors
44,503
44,503

Accruals and deferred income
799,186
349,316

977,555
396,774


Page 8

 
CAIUS CAPITAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Deferred taxation




2023
2022


£

£






At beginning of year
(31,106)
(37,851)


Charged to profit or loss
10,125
6,745



At end of year
(20,981)
(31,106)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(20,981)
(31,106)

(20,981)
(31,106)


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



350,001 (2022 - 350,001) Ordinary Share shares of £1.00 each
350,001
350,001



12.


Pension commitments

During the year the Company made pension contributions amounting to £27,391 (2022: £26,111).


13.


Related party transactions

Caius Capital LLP
This entity is a partnership incorporated in the United Kingdom and is a related party due to common control of Caius Capital Services Limited.
During the year Caius Capital Services Limited made payments of £3,130,703 (2022: £4,163,360) on behalf of the LLP for expenses. Also during the year Caius Capital Services Limited invoiced the LLP £3,454,018 (2022: £4,489,250) for services performed. For the year ending 31 March 2023, the LLP allocated Caius Capital Services Limited, a profit of £10,442 (2022: £9,200). As at 31 March 2023 the LLP owed Caius Capital Services Limited £2,318,935 (2022: £1,985,178).

Page 9

 
CAIUS CAPITAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

14.


Controlling party

The ultimate controlling party is Antonio Batista.

 
Page 10