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REGISTERED NUMBER: 11827793 (England and Wales)










Financial Statements

for the Year Ended 28 February 2023

for

CP Capital Limited

CP Capital Limited (Registered number: 11827793)






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


CP Capital Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: C Patel





REGISTERED OFFICE: 79 Hercies Road Hillingdon
Uxbridge
Middlesex
UB10 9LU





REGISTERED NUMBER: 11827793 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB

CP Capital Limited (Registered number: 11827793)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 3 1,300,000 831,410

CURRENT ASSETS
Cash at bank 51,278 47,660

CREDITORS
Amounts falling due within one year 4 (702,154 ) (700,810 )
NET CURRENT LIABILITIES (650,876 ) (653,150 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

649,124

178,260

CREDITORS
Amounts falling due after more than one year 5 (22,544 ) (32,796 )

PROVISIONS FOR LIABILITIES (89,032 ) -
NET ASSETS 537,548 145,464

CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 7 379,558 -
Retained earnings 157,980 145,454
537,548 145,464

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 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.

CP Capital Limited (Registered number: 11827793)

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 director and authorised for issue on 27 November 2023 and were signed by:





C Patel - Director


CP Capital Limited (Registered number: 11827793)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

2. EMPLOYEES AND DIRECTORS

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

CP Capital Limited (Registered number: 11827793)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 831,410
Revaluations 468,590
At 28 February 2023 1,300,000
NET BOOK VALUE
At 28 February 2023 1,300,000
At 28 February 2022 831,410

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 6) 9,950 9,697
Corporation tax 3,236 2,210
Directors' current accounts 688,254 688,255
Accrued expenses 714 648
702,154 700,810

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 6) 22,544 32,796

6. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bounce back Loan <1 year 9,950 9,697

Amounts falling due between two and five years:
Bounce back loan >1 year 22,544 32,796

CP Capital Limited (Registered number: 11827793)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

FAIR VALUE RESERVES
The Company uses the revaluation model for the measurement of its investment properties. The reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.