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REGISTERED NUMBER: 04275735 (England and Wales)















CAPLA INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






CAPLA INVESTMENTS LIMITED (REGISTERED NUMBER: 04275735)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


CAPLA INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: C J Richardson
P Stubbins





REGISTERED OFFICE: Let It House
Lombard Street
Newark
Nottinghamshire
NG24 1XG





REGISTERED NUMBER: 04275735 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

CAPLA INVESTMENTS LIMITED (REGISTERED NUMBER: 04275735)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 - -
Investment property 5 10,290,000 9,930,000
10,290,000 9,930,000

CURRENT ASSETS
Debtors 6 372,344 363,640
Cash at bank 33,993 25,875
406,337 389,515
CREDITORS
Amounts falling due within one year 7 1,626,821 1,476,683
NET CURRENT LIABILITIES (1,220,484 ) (1,087,168 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,069,516 8,842,832

CREDITORS
Amounts falling due after more than one year 8 (6,606,898 ) (6,339,129 )

PROVISIONS FOR LIABILITIES (245,974 ) (239,795 )
NET ASSETS 2,216,644 2,263,908

CAPITAL AND RESERVES
Called up share capital 10 400 400
Fair value reserve 11 2,393,169 2,372,272
Retained earnings (176,925 ) (108,764 )
SHAREHOLDERS' FUNDS 2,216,644 2,263,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CAPLA INVESTMENTS LIMITED (REGISTERED NUMBER: 04275735)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





C J Richardson - Director


CAPLA INVESTMENTS LIMITED (REGISTERED NUMBER: 04275735)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Capla Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue
Revenue represents the rents payable to the company and sale of properties purchased for resale.

Revenue is recognised on the sale of land and houses when the risks and rewards of the underlying sale have been substantially transferred to the customer, which is upon the exchange of contracts.

Revenue received on the letting of the properties is recognised on the accruals basis.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

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 the income statement.

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

Trade creditors 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 non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.

CAPLA INVESTMENTS LIMITED (REGISTERED NUMBER: 04275735)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At 31 October 2023 the company had net current liabilities of £1,220,484. The company's mortgage borrowings and bank borrowings were within the agreed facilities with its mortgage providers and bankers at the year end.

The directors have anticipated that the company has adequate reserves to continue in operational existence and have represented that they do not intend to withdraw the funds currently lent to the company by them.

As a result the financial statements have been prepared on a going concern basis .

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 6,094
DEPRECIATION
At 1 November 2022
and 31 October 2023 6,094
NET BOOK VALUE
At 31 October 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 9,930,000
Additions 332,924
Revaluations 27,076
At 31 October 2023 10,290,000
NET BOOK VALUE
At 31 October 2023 10,290,000
At 31 October 2022 9,930,000

CAPLA INVESTMENTS LIMITED (REGISTERED NUMBER: 04275735)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2021 2,021,097
Valuation in 2022 590,971
Valuation in 2023 27,076
Cost 7,650,856
10,290,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 336,755 348,485
Amounts owed by related undertakings 35,487 15,155
Other debtors 102 -
372,344 363,640

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 137 2,697
Amounts owed to group undertakings 1,408,945 1,256,856
Amounts owed to related undertakings 213,734 213,734
Taxation and social security - 492
Other creditors 4,005 2,904
1,626,821 1,476,683

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 6,606,898 6,339,129

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgages over 5 years 6,606,898 6,339,129

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgages 6,606,898 6,339,129

The mortgages are secured against the investment properties.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
400 Ordinary 1 400 400

CAPLA INVESTMENTS LIMITED (REGISTERED NUMBER: 04275735)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

11. RESERVES
Fair
value
reserve
£   
At 1 November 2022 2,372,272
Revaluation in year 27,076
Deferred tax (6,179 )

At 31 October 2023 2,393,169

The aggregate surplus on re-measurement of investment properties, net of associated deferred tax, is transferred to a separate non-distributable fair value reserve in order to assist with the identification of profits available for distribution.