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Registered number: 14253889
Capulet Capital Management Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Starfish Accounting Ltd
ICAEW
The Bowler Barn
Bartletts Court
Littlewick Green
Berkshire
SL6 3RX
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14253889
2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 408
408
CURRENT ASSETS
Debtors 5 300
Cash at bank and in hand 51,194
51,494
Creditors: Amounts Falling Due Within One Year 6 (29,459 )
NET CURRENT ASSETS (LIABILITIES) 22,035
TOTAL ASSETS LESS CURRENT LIABILITIES 22,443
NET ASSETS 22,443
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account 22,343
SHAREHOLDERS' FUNDS 22,443
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Guillaume Mathais
Director
05/04/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Capulet Capital Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14253889 . The registered office is The Bowler Barn, Bartletts Court, Bath Road, Littlewick Green, Maidenhead, Berks, SL6 3RX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment over 3 years
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.
Current and deferred tax assets and liabilities are not discounted.
2.6. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.7. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
1
Page 2
Page 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 25 July 2022 -
Additions 544
As at 31 July 2023 544
Depreciation
As at 25 July 2022 -
Provided during the period 136
As at 31 July 2023 136
Net Book Value
As at 31 July 2023 408
As at 25 July 2022 -
5. Debtors
2023
£
Due within one year
Other debtors 300
6. Creditors: Amounts Falling Due Within One Year
2023
£
Other creditors 1,048
Taxation and social security 28,411
29,459
7. Share Capital
2023
£
Allotted, Called up and fully paid 100
8. Related Party Transactions
During the year the company paid remuneration of £1,397 and dividends of £87,000 to the director.
9. Ultimate Controlling Party
The company's ultimate controlling party is Guillaume Mathais by virtue of his ownership of 100% of the issued share capital in the company.
Page 3