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Company Registration No. 06754767 (England and Wales)
Cappagh Investments Limited Unaudited accounts for the year ended 31 March 2023
Cappagh Investments Limited Unaudited accounts Contents
Page
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Cappagh Investments Limited Company Information for the year ended 31 March 2023
Directors
Mr M J Ferncombe Mr T A Ferncombe
Secretary
Ms A M Ferncombe
Company Number
06754767 (England and Wales)
Registered Office
Cappagh House Waterside Way Wimbledon London SW17 7AB
Accountants
Wellden Turnbull Limited Albany House Claremont Lane Esher Surrey KT10 9FQ
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Cappagh Investments Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
217,285 
217,285 
Current assets
Debtors
3,090,788 
2,348,863 
Cash at bank and in hand
1,403,331 
2,463,382 
4,494,119 
4,812,245 
Creditors: amounts falling due within one year
(170,338)
(710,406)
Net current assets
4,323,781 
4,101,839 
Net assets
4,541,066 
4,319,124 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
4,540,066 
4,318,124 
Shareholders' funds
4,541,066 
4,319,124 
For the year ending 31 March 2023 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 29 February 2024 and were signed on its behalf by
Mr M J Ferncombe Director Company Registration No. 06754767
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Cappagh Investments Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Cappagh Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 06754767. The registered office is Cappagh House, Waterside Way, Wimbledon, London, SW17 7AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102. 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.
Presentation currency
The accounts are presented in £ sterling.
Associates and joint ventures
Associates and Joint Ventures are held at cost less impairment.
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 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.
4
Investments
Other investments 
£ 
Valuation at 1 April 2022
217,285 
Valuation at 31 March 2023
217,285 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
1,574,124 
862,213 
Other debtors
1,516,664 
1,486,650 
3,090,788 
2,348,863 
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Cappagh Investments Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
109,162 
150,242 
Taxes and social security
59,130 
558,394 
Accruals
2,046 
1,770 
170,338 
710,406 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
8
Loans to directors
During the year, a Director borrowed £NIL from the Company (2022 - £1,122,000). The loan is repayable on demand, and has interest charged on it at the official HMRC rate. The balance at the year-end, including interest totalled £1,144,440 (2022 - £1,122,000).
9
Transactions with related parties
The Company is a designated member of Thorney Lane LLP and is entitled to one third of the profit for the year available for discretionary division between the members. Included within debtors is £1,574,124 (2022 - £862,213) relating to the profit share attributable to Cappagh Investments Limited from Thorney Lane LLP for 2009 to 2023 inclusive, less the funds distributed to date. During the year, the Company rented land as part of it's joint venture with Quattro Holdings Ltd, amounting to £783,834 (2022 - £733,834).
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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