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Company Registration No. 11087969 (England and Wales)
928 Capital Group Ltd. Unaudited accounts for the year ended 30 November 2023
928 Capital Group Ltd. Unaudited accounts Contents
Page
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928 Capital Group Ltd. Company Information for the year ended 30 November 2023
Director
Efe Rizvanoglu
Company Number
11087969 (England and Wales)
Registered Office
13 Grosvenor Gardens London SW1W 0BD United Kingdom
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928 Capital Group Ltd. Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
763,117 
763,117 
Investments
1 
1 
763,118 
763,118 
Current assets
Debtors
1,054,086 
926,111 
Cash at bank and in hand
6,652 
198 
1,060,738 
926,309 
Creditors: amounts falling due within one year
(1,775,719)
(1,658,846)
Net current liabilities
(714,981)
(732,537)
Net assets
48,137 
30,581 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
47,137 
29,581 
Shareholders' funds
48,137 
30,581 
For the year ending 30 November 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 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 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 and authorised for issue on 26 August 2024 and were signed on its behalf by
Efe Rizvanoglu Director Company Registration No. 11087969
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928 Capital Group Ltd. Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
928 Capital Group Ltd. is a private company, limited by shares, registered in England and Wales, registration number 11087969. The registered office is 13 Grosvenor Gardens, London, SW1W 0BD, 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.
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.
Investment property
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 taxation
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.
4
Investment property
2023 
£ 
Fair value at 1 December 2022
763,117 
At 30 November 2023
763,117 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 December 2022
1 
Valuation at 30 November 2023
1 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
1,054,086 
926,111 
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928 Capital Group Ltd. Notes to the Accounts for the year ended 30 November 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
9,782 
- 
Taxes and social security
13,091 
8,973 
Other creditors
1,754,781 
1,649,873 
Deferred income
(1,935)
- 
1,775,719 
1,658,846 
8
Transactions with related parties
At the balance sheet date, the company received funding £1,735,719 (2022 - £1,673,436), from the director's mother H Rizvanoglu. Interest is not charged during the reporting period. Other Debtors include receivable balance from 28 Property Ltd for £41,302 (2022- £Nil) a company owned and managed by director's partner C D Okutur and from 928 Property Ltd for £1,920 (2022-£1,920) a company owned and controlled by the director. Debtors also include a receivable balance of £865,464 (2022- 859,966) from 15A Tottenham Lane (Hornsey) Ltd., a company in which 928 Capital Group Ltd holds 50% of the issued share capital. This balance represents funding provided and is repayable on demand with no interest charged.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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