3 0 0 01/12/2022 30/11/2023 2023-11-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-12-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 14338770 2022-12-01 2023-11-30 14338770 2023-11-30 14338770 2022-11-30 14338770 2021-12-01 2022-11-30 14338770 2022-11-30 14338770 2021-11-30 14338770 bus:Director2 2022-12-01 2023-11-30 14338770 core:WithinOneYear 2023-11-30 14338770 core:RetainedEarningsAccumulatedLosses 2021-12-01 2022-11-30 14338770 core:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 14338770 core:ShareCapital 2023-11-30 14338770 core:ShareCapital 2022-11-30 14338770 core:RetainedEarningsAccumulatedLosses 2023-11-30 14338770 core:PreviouslyStatedAmount core:ShareCapital 2023-11-30 14338770 bus:SmallEntities 2022-12-01 2023-11-30 14338770 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 14338770 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 14338770 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 14338770 bus:FullAccounts 2022-12-01 2023-11-30
Company registration number: 14338770
Capitoo Ltd
Unaudited filleted financial statements
30 November 2023
Capitoo Ltd
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Capitoo Ltd
Statement of financial position
30 November 2023
2023 2022
Note £ £ £ £
Current assets
Cash at bank and in hand 1,148 -
_______ _______
1,148 -
Creditors: amounts falling due
within one year 5 ( 43,243) -
_______ _______
Net current liabilities ( 42,095) -
_______ _______
Total assets less current liabilities ( 42,095) -
_______ _______
Net (liabilities)/assets ( 42,095) -
_______ _______
Capital and reserves
Called up share capital 1 -
Profit and loss account ( 42,096) -
_______ _______
Shareholders (deficit)/funds ( 42,095) -
_______ _______
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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 September 2024 , and are signed on behalf of the board by:
Mr Anthony Owen
Director
Company registration number: 14338770
Capitoo Ltd
Statement of changes in equity
Year ended 30 November 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 December 2021 - - -
(Loss)/profit for the year - -
_______ _______ _______
Total comprehensive income for the year - - -
_______ _______ _______
At 30 November 2022 and 1 December 2022 1 - 1
(Loss)/profit for the year ( 42,096) ( 42,096)
_______ _______ _______
Total comprehensive income for the year - ( 42,096) ( 42,096)
_______ _______ _______
At 30 November 2023 1 ( 42,096) ( 42,095)
_______ _______ _______
Capitoo Ltd
Notes to the financial statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 14 Edward Court, Broadheath, Altrincham, WA14 5GL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: Nil).
5. Creditors: amounts falling due within one year
2023 2022
£ £
Amounts owed to group undertakings 41,443 (-)
Accruals 1,800 -
_______ _______
43,243 -
_______ _______
6. Related party transactions
TGG Ltd is considered to be a related party by virtue of its shareholding in the company and its influence over the company. During the year, TGG Ltd provided a loan to the company in the sum of £41,443 (2022: £nil). The loan was unsecured and interest free with no specific repayment terms.
7. Going concern
As reflected within these financial statements, the company has reported a loss of £42,096 (2022: £nil) and has a net deficiency of assets £42,095 as at 30 November 2023 (2022: £nil). The company meets its day to day working capital requirements through support from TGG Ltd, a related party of the company. The financial statements have been prepared on a going concern basis, the validity of which depends upon the company's ability to continue to receive the financial support of TGG Ltd. The financial statements do not include any adjustments that would result from failure to obtain such support.