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REGISTERED NUMBER: 00851700 (England and Wales)















CAPE ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






CAPE ESTATES LIMITED (REGISTERED NUMBER: 00851700)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAPE ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: P D Griffin
Mrs F Griffin





SECRETARY: P D Griffin





REGISTERED OFFICE: Celixir House
Stratford Business and Technology Park
Stratford-upon-Avon
Warwickshire
CV37 7GZ





REGISTERED NUMBER: 00851700 (England and Wales)





ACCOUNTANTS: Murphy Salisbury Limited
Chartered Accountants
Celixir House
Stratford Business and Technology Park
Stratford-upon-Avon
Warwickshire
CV37 7GZ

CAPE ESTATES LIMITED (REGISTERED NUMBER: 00851700)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,677 4,143
Investments 5 2,741 2,459
Investment property 6 1,413,000 1,550,000
1,419,418 1,556,602

CURRENT ASSETS
Debtors 7 24,415 20,299
Cash at bank - 2,350
24,415 22,649
CREDITORS
Amounts falling due within one year 8 116,956 107,444
NET CURRENT LIABILITIES (92,541 ) (84,795 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,326,877

1,471,807

CREDITORS
Amounts falling due after more than one
year

9

(532,157

)

(562,620

)

PROVISIONS FOR LIABILITIES (13,384 ) (39,793 )
NET ASSETS 781,336 869,394

CAPITAL AND RESERVES
Called up share capital 10,020 10,020
Non-distributable reserve 396,971 511,273
Retained earnings 374,345 348,101
SHAREHOLDERS' FUNDS 781,336 869,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CAPE ESTATES LIMITED (REGISTERED NUMBER: 00851700)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2023 and were signed on its behalf by:





P D Griffin - Director


CAPE ESTATES LIMITED (REGISTERED NUMBER: 00851700)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Cape Estates 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 15% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Investments
Investments are shown at their valuation at the balance sheet date, with any surplus or deficit arising from change in fair value recognised in the profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CAPE ESTATES LIMITED (REGISTERED NUMBER: 00851700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 7,097 1,735 8,832
DEPRECIATION
At 1 March 2022 3,974 715 4,689
Charge for year 313 153 466
At 28 February 2023 4,287 868 5,155
NET BOOK VALUE
At 28 February 2023 2,810 867 3,677
At 28 February 2022 3,123 1,020 4,143

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2022 2,459
Revaluations 282
At 28 February 2023 2,741
NET BOOK VALUE
At 28 February 2023 2,741
At 28 February 2022 2,459

Cost or valuation at 28 February 2023 is represented by:

Other
investments
£   
Valuation in 2014 (64 )
Valuation in 2015 429
Valuation in 2016 (633 )
Valuation in 2017 382
Valuation in 2018 (24 )
Valuation in 2019 (509 )
Valuation in 2020 (461 )
Valuation in 2021 104
Valuation in 2022 242
Valuation in 2023 281
Cost 2,994
2,741

CAPE ESTATES LIMITED (REGISTERED NUMBER: 00851700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 1,550,000
Revaluations (137,000 )
At 28 February 2023 1,413,000
NET BOOK VALUE
At 28 February 2023 1,413,000
At 28 February 2022 1,550,000

Investment property has been valued by the Directors on a fair value basis.

Deferred tax has been recognised on all revaluations of investment property at the prevailing rate of tax.

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2003 102,790
Valuation in 2004 63,733
Valuation in 2005 105,000
Valuation in 2007 100,000
Valuation in 2011 89,914
Valuation in 2012 (30,000 )
Valuation in 2013 (35,000 )
Valuation in 2018 150,000
Valuation in 2023 (137,000 )
Cost 1,003,563
1,413,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,500 -
Other debtors 20,915 20,299
24,415 20,299

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 34,141 29,690
Trade creditors 626 -
Taxation and social security 11,725 16,099
Other creditors 70,464 61,655
116,956 107,444

CAPE ESTATES LIMITED (REGISTERED NUMBER: 00851700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 532,157 562,620

Amounts falling due in more than five years:

Repayable by instalments
Bank loan - due over 5 years 410,875 443,861