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REGISTERED NUMBER: 05482935 (England and Wales)















STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CAVENHAM CAPITAL LIMITED

CAVENHAM CAPITAL LIMITED (REGISTERED NUMBER: 05482935)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024




Page

Company Information 1

Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 5

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


CAVENHAM CAPITAL LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTOR: A D Cleary





SECRETARY: A D Cleary





REGISTERED OFFICE: 4 Montpelier Street
Suite 105
London
SW7 1EE





REGISTERED NUMBER: 05482935 (England and Wales)





AUDITORS: Banks & Co Limited
Chartered Certified Accountants
Statutory Auditors
1 Carnegie Road
Newbury
Berkshire
RG14 5DJ

CAVENHAM CAPITAL LIMITED (REGISTERED NUMBER: 05482935)

STRATEGIC REPORT
For The Year Ended 31 March 2024

The director presents his strategic report for the year ended 31 March 2024.

REVIEW OF BUSINESS
During the year the company continued to be engaged in the business of providing specialist investment management and advisory services to institutional clients, focusing on digital assets. The company built up its digital currency advisory service capability. The company continues to work to open new business streams from existing areas of focus.

The turnover of the company was £40,000 in the current year (2023: £75,000)

As at 31 March 2024 the company satisfies the capital resources requirements of its FCA registration.

PRINCIPAL RISKS AND UNCERTAINTIES
The company is exposed to business risk arising from economic, political and legislative changes which impact on the world's financial markets and which could have an impact on the company's results. Although the company is clearly not able to influence changes in interest rates, inflation and other economic factors, the director closely monitors performances in all key areas and adapts policy decisions accordingly. The company is also subject to the uncertainties of new technologies, which the director believes to be mitigated by detailed research and additional spending on IT security. The company has a high level of liquidity and capital, and is constantly seeking to expand in new business areas in order to ensure the continued health of the business.

ON BEHALF OF THE BOARD:





A D Cleary - Director


23 July 2024

CAVENHAM CAPITAL LIMITED (REGISTERED NUMBER: 05482935)

REPORT OF THE DIRECTOR
For The Year Ended 31 March 2024

The director presents his report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a specialist investment management firm.

DIVIDENDS
No dividends will be distributed for the year ended 31 March 2024.

FUTURE DEVELOPMENTS
The company is working to support the launch of a business structuring and distributing cryptographic digital tokens (ICOs). This business will be advised by the company, and where appropriate, related investment management tasks will be conducted by the company.

DIRECTOR
A D Cleary held office during the whole of the period from 1 April 2023 to the date of this report.

FINANCIAL INSTRUMENTS AND RISK MANAGEMENT
Price risk
The company is exposed to price risk due to normal inflationary increases in the purchase price of the goods & services it purchases. The company has an active policy to manage its exposure to commodities price risk and adjusts its holdings as required.

Credit risk
The company is exposed to credit risk as it maintains cash balances at its bankers, Lloyds TSB Bank plc.

Liquidity risk
The company actively maintains a level of finance that is designed to ensure the company has sufficient available funds for operations and planned activities, whilst exceeding the minimum level of capital adequacy for its FCA authorisation.

Market risk
The company has an active policy to reduce the exposure to currency fluctuations by the utilisation of bank accounts denominated in US Dollars or Pounds Sterling as appropriate.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CAVENHAM CAPITAL LIMITED (REGISTERED NUMBER: 05482935)

REPORT OF THE DIRECTOR
For The Year Ended 31 March 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





A D Cleary - Director


23 July 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CAVENHAM CAPITAL LIMITED

Opinion
We have audited the financial statements of Cavenham Capital Limited (the 'company') for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CAVENHAM CAPITAL LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:


-
Enquiry of management and those charged with governance around actual and potential litigation
claims;

-
Enquiry of staff in compliance functions to identify any instances of non-compliance with laws and
regulations;

-
Reviewing financial statements disclosure and testing to supporting documentation to assess
compliance with applicable laws and regulations;

Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias,

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CAVENHAM CAPITAL LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Richard Mark Lodge Taylor FCCA (Senior Statutory Auditor)
for and on behalf of Banks & Co Limited
Chartered Certified Accountants
Statutory Auditors
1 Carnegie Road
Newbury
Berkshire
RG14 5DJ

23 July 2024

CAVENHAM CAPITAL LIMITED (REGISTERED NUMBER: 05482935)

INCOME STATEMENT
For The Year Ended 31 March 2024

2024 2023
Notes £    £   

TURNOVER 3 40,000 75,000

Administrative expenses 60,054 44,895
OPERATING (LOSS)/PROFIT 5 (20,054 ) 30,105

Interest receivable and similar income 1,687 314
(LOSS)/PROFIT BEFORE TAXATION (18,367 ) 30,419

Tax on (loss)/profit 7 (408 ) 8,476
(LOSS)/PROFIT FOR THE
FINANCIAL YEAR

(17,959

)

21,943

CAVENHAM CAPITAL LIMITED (REGISTERED NUMBER: 05482935)

OTHER COMPREHENSIVE INCOME
For The Year Ended 31 March 2024

2024 2023
Notes £    £   

(LOSS)/PROFIT FOR THE YEAR (17,959 ) 21,943


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

(17,959

)

21,943

CAVENHAM CAPITAL LIMITED (REGISTERED NUMBER: 05482935)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 549 1,339

CURRENT ASSETS
Debtors 9 2,029 4,943
Cash at bank 150,796 155,789
152,825 160,732
CREDITORS
Amounts falling due within one year 10 13,312 4,050
NET CURRENT ASSETS 139,513 156,682
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,062

158,021

CAPITAL AND RESERVES
Called up share capital 12 50,000 50,000
Share premium 13 135,036 135,036
Capital redemption reserve 13 25,364 25,364
Retained earnings 13 (70,338 ) (52,379 )
SHAREHOLDERS' FUNDS 140,062 158,021

The financial statements were approved by the director and authorised for issue on 23 July 2024 and were signed by:





A D Cleary - Director


CAVENHAM CAPITAL LIMITED (REGISTERED NUMBER: 05482935)

STATEMENT OF CHANGES IN EQUITY
For The Year Ended 31 March 2024

Called up Capital
share Retained Share redemption Total
capital earnings premium reserve equity
£    £    £    £    £   
Balance at 1 April 2022 50,000 (74,322 ) 135,036 25,364 136,078

Changes in equity
Total comprehensive income - 21,943 - - 21,943
Balance at 31 March 2023 50,000 (52,379 ) 135,036 25,364 158,021

Changes in equity
Total comprehensive income - (17,959 ) - - (17,959 )
Balance at 31 March 2024 50,000 (70,338 ) 135,036 25,364 140,062

CAVENHAM CAPITAL LIMITED (REGISTERED NUMBER: 05482935)

CASH FLOW STATEMENT
For The Year Ended 31 March 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (16,758 ) 30,979
Tax paid - (2 )
Net cash from operating activities (16,758 ) 30,977

Cash flows from investing activities
Purchase of tangible fixed assets - (999 )
Interest received 1,687 314
Net cash from investing activities 1,687 (685 )

Cash flows from financing activities
Amount introduced by directors 21,149 18,653
Amount withdrawn by directors (11,071 ) (23,579 )
Net cash from financing activities 10,078 (4,926 )

(Decrease)/increase in cash and cash equivalents (4,993 ) 25,366
Cash and cash equivalents at
beginning of year

2

155,789

130,423

Cash and cash equivalents at end
of year

2

150,796

155,789

CAVENHAM CAPITAL LIMITED (REGISTERED NUMBER: 05482935)

NOTES TO THE CASH FLOW STATEMENT
For The Year Ended 31 March 2024

1. RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
2024 2023
£    £   
(Loss)/profit before taxation (18,367 ) 30,419
Depreciation charges 790 874
Finance income (1,687 ) (314 )
(19,264 ) 30,979
Increase in trade and other debtors (887 ) -
Increase in trade and other creditors 3,393 -
Cash generated from operations (16,758 ) 30,979

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2024
31.3.24 1.4.23
£    £   
Cash and cash equivalents 150,796 155,789
Year ended 31 March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 155,789 130,423


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£    £    £   
Net cash
Cash at bank 155,789 (4,993 ) 150,796
155,789 (4,993 ) 150,796
Total 155,789 (4,993 ) 150,796

CAVENHAM CAPITAL LIMITED (REGISTERED NUMBER: 05482935)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cavenham Capital Limited is a private company, limited by shares, registered in England & Wales. The company's registered number is 05482935 and registered office address is 4 Montpelier Street, Suite 105, London, England, SW7 1EE.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in Sterling, which is the functional currency of the Company. Monetary amounts included in the financial statements are rounded to the nearest £.

Going concern
The company has sufficient cash resources and access to other forms of finance, if required. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Having regard to the above, the director believes it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

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 represents charges for management services provided, which is accounted for on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Basic financial assets, including trade and other receivables, and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Impairment of financial assets
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled; or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party; or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

CAVENHAM CAPITAL LIMITED (REGISTERED NUMBER: 05482935)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as noncurrent liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.cognised in profit or loss.

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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. TURNOVER

The turnover and loss (2023 - profit) before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 40,000 75,000
40,000 75,000

CAVENHAM CAPITAL LIMITED (REGISTERED NUMBER: 05482935)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 21,285 9,096

The average number of employees during the year was as follows:
2024 2023

Directors 1 1
Management and administration 1 -
2 1

2024 2023
£    £   
Director's remuneration 9,056 9,096

5. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 790 874

6. AUDITORS' REMUNERATION
2024 2023
£    £   
Fees payable to the company's auditors and their associates for
the audit of the company's financial statements

2,276

2,080
Auditors' remuneration for non audit work 1,663 1,340

7. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the loss for the year was as follows:
2024 2023
£    £   
Deferred tax (408 ) 8,476
Tax on (loss)/profit (408 ) 8,476

UK corporation tax has been charged at 19% (2023 - 19%).

CAVENHAM CAPITAL LIMITED (REGISTERED NUMBER: 05482935)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

7. TAXATION - continued

Reconciliation of total tax (credit)/charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
(Loss)/profit before tax (18,367 ) 30,419
(Loss)/profit multiplied by the standard rate of corporation tax in
the UK of 19% (2023 - 19%)

(3,490

)

5,780

Effects of:
Expenses not deductible for tax purposes 2,919 3,071
Capital allowances in excess of depreciation - (105 )
Depreciation in excess of capital allowances 130 -
Adjustments to tax charge in respect of previous periods - (45 )
Differences in tax rates 33 (225 )
Total tax (credit)/charge (408 ) 8,476

8. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 6,403 20,502 26,905
DEPRECIATION
At 1 April 2023 6,320 19,246 25,566
Charge for year 21 769 790
At 31 March 2024 6,341 20,015 26,356
NET BOOK VALUE
At 31 March 2024 62 487 549
At 31 March 2023 83 1,256 1,339

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Director's loan accs less 1yr - 4,209
Deferred tax asset 1,142 734
Prepayments 887 -
2,029 4,943

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 3,133 -
Director's loan accs less 1yr 5,869 -
Accrued expenses 4,310 4,050
13,312 4,050

CAVENHAM CAPITAL LIMITED (REGISTERED NUMBER: 05482935)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

11. DEFERRED TAX
£   
Balance at 1 April 2023 (734 )
Credit to Income Statement during year (408 )
Balance at 31 March 2024 (1,142 )

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50,000 Ordinary £1 50,000 50,000

13. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 April 2023 (52,379 ) 135,036 25,364 108,021
Deficit for the year (17,959 ) (17,959 )
At 31 March 2024 (70,338 ) 135,036 25,364 90,062

14. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
A D Cleary
Balance outstanding at start of year (4,210 ) 718
Amounts advanced 21,149 18,652
Amounts repaid (11,070 ) (23,580 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,869 (4,210 )

15. RELATED PARTY DISCLOSURES

Other related parties
2024 2023
£    £   
Investment advisory services provided to an associated Company 40,000 75,000

16. ULTIMATE CONTROLLING PARTY

A D Cleary is the ultimate controlling party by virtue of his ownership of 100% of the company's issued share capital.

17. CLIENT MONIES

The Company's FCA permissions do not allow it to hold client money and accordingly client monies do not form part of the company's balance sheet.