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Company Registration No. 13878784 (England and Wales)
Caplan Real Estate Ltd Unaudited accounts for the year ended 31 January 2024
Caplan Real Estate Ltd Unaudited accounts Contents
Page
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Caplan Real Estate Ltd Company Information for the year ended 31 January 2024
Directors
Mr M Caplan Mr B Caplan
Company Number
13878784 (England and Wales)
Registered Office
Thornbury Cottage, Chalk Hill Coleshill Amersham Bucks HP7 0LY United Kingdom
Accountants
Grass & Holm Thornbury Cottage Chalk Hill Amersham BUCKS HP7 0LY
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Caplan Real Estate Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,025,500 
623,067 
Current assets
Debtors
- 
33,111 
Cash at bank and in hand
7,608 
5,338 
7,608 
38,449 
Creditors: amounts falling due within one year
(26,935)
(19,222)
Net current (liabilities)/assets
(19,327)
19,227 
Total assets less current liabilities
1,006,173 
642,294 
Creditors: amounts falling due after more than one year
(1,024,630)
(656,550)
Net liabilities
(18,457)
(14,256)
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
28,741 
- 
Profit and loss account
(47,199)
(14,257)
Shareholders' funds
(18,457)
(14,256)
For the year ending 31 January 2024 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 11 April 2024 and were signed on its behalf by
Mr M Caplan Director Company Registration No. 13878784
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Caplan Real Estate Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Caplan Real Estate Ltd is a private company, limited by shares, registered in England and Wales, registration number 13878784. The registered office is Thornbury Cottage, Chalk Hill, Coleshill, Amersham, Bucks, HP7 0LY, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Caplan Real Estate Ltd Notes to the Accounts for the year ended 31 January 2024
Going concern
The company is reliant on the continued support of the directors and shareholder. As such the director's loan account is repayable upon receipt of twelve months written notice. No notice had been given at the balance sheet date.
4
Investment property
2024 
£ 
Fair value at 1 February 2023
623,067 
Additions
304,264 
Net gain from fair value adjustments
98,169 
At 31 January 2024
1,025,500 
The historic cost of the investment properties is £995,108. The properties were revalued in the year ended 31 January 2024 by the director who has extensive experience working in the property sector and in property valuation.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
33,111 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
26,755 
19,055 
Accruals
180 
167 
26,935 
19,222 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
559,588 
170,463 
Loans from directors
465,042 
486,087 
1,024,630 
656,550 
Aggregate of amounts that fall due for payment after five years
452,567 
81,011 
Bank loans of £586,344 (2023: £189,518) are secured by a fixed and floating charge over the investment properties. The loan by the director is repayable upon twelve months written notice.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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