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REGISTERED NUMBER: 12021566 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Capitol Holdings Ltd

Capitol Holdings Ltd (Registered number: 12021566)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Capitol Holdings Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Z Pirmohamed





SECRETARY:





REGISTERED OFFICE: The Wenta Business Centre
Colne Way
Watford
WD24 7ND





REGISTERED NUMBER: 12021566 (England and Wales)





ACCOUNTANTS: Preston Accountants Limited
Chartered Certified Accountants
1 Carlton Parade
Preston Road
Wembley
Middlesex
HA9 8NE

Capitol Holdings Ltd (Registered number: 12021566)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,833 17,757

CURRENT ASSETS
Debtors 5 39,815 39,554
Cash at bank 169,358 161,037
209,173 200,591
CREDITORS
Amounts falling due within one year 6 51,055 62,795
NET CURRENT ASSETS 158,118 137,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,951

155,553

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 180,950 155,552
180,951 155,553

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Capitol Holdings Ltd (Registered number: 12021566)

Balance Sheet - continued
31 May 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 29 March 2024 and were signed by:





Z Pirmohamed - Director


Capitol Holdings Ltd (Registered number: 12021566)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Capitol Holdings Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Capitol Holdings Ltd (Registered number: 12021566)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2022 30,765
Additions 12,687
At 31 May 2023 43,452
DEPRECIATION
At 1 June 2022 13,008
Charge for year 7,611
At 31 May 2023 20,619
NET BOOK VALUE
At 31 May 2023 22,833
At 31 May 2022 17,757

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 17,488 2,650
Tenants deposits held 22,327 31,038
other debtors - 5,866
39,815 39,554

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Tax 47,494 36,171
Other creditors - 590
Directors' current accounts 861 23,334
Accrued expenses 2,700 2,700
51,055 62,795

Capitol Holdings Ltd (Registered number: 12021566)

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

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.23 31.5.22
£    £   
Within one year 13,004 3,795
Between one and five years 52,016 11,070
65,020 14,865

8. RESERVES
Retained
earnings
£   

At 1 June 2022 155,552
Profit for the year 52,748
Dividends (27,350 )
At 31 May 2023 180,950