Company registration number 15235061 (England and Wales)
CAPRICORN CONTROLS HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
CAPRICORN CONTROLS HOLDINGS LIMITED
COMPANY INFORMATION
Directors
Mr R Heath
(Appointed 25 October 2023)
Mr G Reed
(Appointed 25 October 2023)
Company number
15235061
Registered office
Unit 1 - 9c
Thorpe Close
Overthorpe Industrial Estate
Banbury
Oxfordshire
United Kingdom
OX16 4SW
Accountants
Ellacotts LLP
Countrywide House
23 West Bar
Banbury
Oxfordshire
England
OX16 9SA
CAPRICORN CONTROLS HOLDINGS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
CAPRICORN CONTROLS HOLDINGS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CAPRICORN CONTROLS HOLDINGS LIMITED FOR THE PERIOD ENDED 31 MARCH 2024
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Capricorn Controls Holdings Limited for the period ended 31 March 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Capricorn Controls Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Capricorn Controls Holdings Limited and state those matters that we have agreed to state to the board of directors of Capricorn Controls Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Capricorn Controls Holdings Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Capricorn Controls Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Capricorn Controls Holdings Limited. You consider that Capricorn Controls Holdings Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Capricorn Controls Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ellacotts LLP
Chartered Accountants
Countrywide House
23 West Bar
Banbury
Oxfordshire
England
OX16 9SA
Date:
2 September 2024
CAPRICORN CONTROLS HOLDINGS LIMITED
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 2 -
2024
Notes
£
£
Fixed assets
Investments
3
942,792
Current assets
-
Creditors: amounts falling due within one year
4
(559,575)
Net current liabilities
(559,575)
Total assets less current liabilities
383,217
Creditors: amounts falling due after more than one year
5
(380,178)
Net assets
3,039
Capital and reserves
Called up share capital
1,000
Profit and loss reserves
2,039
Total equity
3,039
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 2 September 2024 and are signed on its behalf by:
Mr R Heath
Mr G Reed
Director
Director
Company registration number 15235061 (England and Wales)
CAPRICORN CONTROLS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information
Capricorn Controls Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1 - 9c, Thorpe Close, Overthorpe Industrial Estate, Banbury, Oxfordshire, United Kingdom, OX16 4SW.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.
1.2
Going concern
Despite net current liabilities, having reviewed the future trading and cash requirements of the company for at least 12 months from the date of signing these account, the directors consider it appropriate to continue to prepare the accounts on a going concern basis.
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
CAPRICORN CONTROLS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
2
3
Fixed asset investments
2024
£
Shares in group undertakings and participating interests
942,792
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 25 October 2023
-
Additions
942,792
At 31 March 2024
942,792
Carrying amount
At 31 March 2024
942,792
4
Creditors: amounts falling due within one year
2024
£
Amounts owed to group undertakings
513,469
Other creditors
46,106
559,575
5
Creditors: amounts falling due after more than one year
2024
£
Other creditors
380,178
6
Subsidiaries
The company owns 100% of the issued share capital of Capricorn Controls Limited.