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Company Registration No. 13345783 (England and Wales)
CAPTAIN'S HOUSE PENDEEN LTD Unaudited accounts for the year ended 30 April 2023
CAPTAIN'S HOUSE PENDEEN LTD Unaudited accounts Contents
Page
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CAPTAIN'S HOUSE PENDEEN LTD Company Information for the year ended 30 April 2023
Directors
Patrick Glennie-Smith Susan Glennie-Smith
Company Number
13345783 (England and Wales)
Registered Office
11 Chantry Road Clifton Bristol BS8 2QF
Accountants
Belvedere Chartered Accountants
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CAPTAIN'S HOUSE PENDEEN LTD Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,209 
7,657 
Investment property
750,000 
693,562 
758,209 
701,219 
Current assets
Cash at bank and in hand
3,630 
8,418 
Creditors: amounts falling due within one year
(396,711)
(387,890)
Net current liabilities
(393,081)
(379,472)
Total assets less current liabilities
365,128 
321,747 
Creditors: amounts falling due after more than one year
(351,008)
(350,000)
Net assets/(liabilities)
14,120 
(28,253)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
14,116 
(28,257)
Shareholders' funds
14,120 
(28,253)
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by
Patrick Glennie-Smith Director Company Registration No. 13345783
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CAPTAIN'S HOUSE PENDEEN LTD Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
CAPTAIN'S HOUSE PENDEEN LTD is a private company, limited by shares, registered in England and Wales, registration number 13345783. The registered office is 11 Chantry Road , Clifton, Bristol, BS8 2QF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is valued at the amount of rent received, or due to be received in the period in accordance with the agreement. Deposits received for future books are recognised under deferred income.
Government grants
Government COVID grants have been credited to other income in the profit and loss.
Investment property
The investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. The investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is not available without undue cost or effort it shall be transferred to tangible assets and accounted for under the cost model until it is expected fair value will be reliably measurable on an on-going basis.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Straight Line 4 Years
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CAPTAIN'S HOUSE PENDEEN LTD Notes to the Accounts for the year ended 30 April 2023
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 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.
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CAPTAIN'S HOUSE PENDEEN LTD Notes to the Accounts for the year ended 30 April 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 May 2022
8,737 
Additions
3,625 
At 30 April 2023
12,362 
Depreciation
At 1 May 2022
1,080 
Charge for the year
3,073 
At 30 April 2023
4,153 
Net book value
At 30 April 2023
8,209 
At 30 April 2022
7,657 
5
Investment property
2023 
£ 
Fair value at 1 May 2022
693,562 
Net gain from fair value adjustments
56,438 
At 30 April 2023
750,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
931 
1,259 
Other creditors
329,758 
319,756 
Loans from directors
60,569 
61,837 
Accruals
850 
850 
Deferred income
4,603 
4,188 
396,711 
387,890 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
350,000 
350,000 
Obligations under finance leases and hire purchase contracts
1,008 
- 
351,008 
350,000 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4 
4 
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CAPTAIN'S HOUSE PENDEEN LTD Notes to the Accounts for the year ended 30 April 2023
9
Transactions with related parties
During the year the Company received a loan of £10,000 from a related party entity which is under common control, Arch House Limited. The amount outstanding at the year-end was £329,758 (2022: £319,756). The loan is shown within other creditors and is interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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