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REGISTERED NUMBER: 09289911 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st March 2023

for

Capital Property Assets Ltd

Capital Property Assets Ltd (Registered number: 09289911)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Capital Property Assets Ltd (Registered number: 09289911)

Abridged Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 574,122 482,528

CURRENT ASSETS
Debtors 510 328
Cash at bank 64,276 62,117
64,786 62,445
CREDITORS
Amounts falling due within one year 455,262 455,022
NET CURRENT LIABILITIES (390,476 ) (392,577 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,646

89,951

CREDITORS
Amounts falling due after more than one
year

(2,648

)

(1,748

)

PROVISIONS FOR LIABILITIES (21,989 ) -
NET ASSETS 159,009 88,203

CAPITAL AND RESERVES
Called up share capital 40,100 40,100
Revaluation reserve 6 65,967 -
Retained earnings 52,942 48,103
SHAREHOLDERS' FUNDS 159,009 88,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Capital Property Assets Ltd (Registered number: 09289911)

Abridged Balance Sheet - continued
31st March 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 22nd November 2023 and were signed by:





B D Jackson - Director


Capital Property Assets Ltd (Registered number: 09289911)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Capital Property Assets Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09289911

Registered office: 35 Kingsland Road
London
E2 8AA

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Capital Property Assets Ltd (Registered number: 09289911)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

3. ACCOUNTING POLICIES - continued

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies 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. Financial liabilities classified as payable within one year are not amortised.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Capital Property Assets Ltd (Registered number: 09289911)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022 482,528
Additions 3,638
Revaluations 87,956
At 31st March 2023 574,122
NET BOOK VALUE
At 31st March 2023 574,122
At 31st March 2022 482,528

Investment property was valued on an open market basis 31st March 2023 by the director

6. RESERVES
Revaluation
reserve
£   
Non distributable earnings 65,967

At 31st March 2023 65,967