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
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
Caplan Real Estate Ltd
Statement of financial position
as at 31 January 2024
Investment property
1,025,500
623,067
Cash at bank and in hand
7,608
5,338
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)
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
Caplan Real Estate Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
The accounts are presented in £ sterling.
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 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.
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.
Caplan Real Estate Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
Fair value at 1 February 2023
623,067
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.
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
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
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.
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).