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REGISTERED NUMBER: 03421611 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 31 December 2023

for

Cap Three Limited

Cap Three Limited (Registered number: 03421611)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 4

Notes to the Financial Statements 5


Cap Three Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs M Baldwin
J Baldwin
Ms K Baldwin
Ms T Swinglehurst
Mrs J M C Crossland





SECRETARY: Ms T Swinglehurst





REGISTERED OFFICE: Kencot House
Kencot
Lechlade
Oxfordshire
GL7 3QX





REGISTERED NUMBER: 03421611 (England and Wales)





AUDITORS: Cook & Partners
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

Cap Three Limited (Registered number: 03421611)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

Mrs M Baldwin
J Baldwin
Ms K Baldwin
Ms T Swinglehurst
Mrs J M C Crossland

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are 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 directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are 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 each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Cook & Partners, will be proposed for re-appointment at the forthcoming Annual General Meeting.


Cap Three Limited (Registered number: 03421611)

Report of the Directors
for the Year Ended 31 December 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J Baldwin - Director


13 September 2024

Cap Three Limited (Registered number: 03421611)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 121,094 217,971
Investments 5 4 4
121,098 217,975

CURRENT ASSETS
Debtors 6 34,752 2,795
Cash at bank 165,879 28,785
200,631 31,580
CREDITORS
Amounts falling due within one year 7 192,913 220,762
NET CURRENT ASSETS/(LIABILITIES) 7,718 (189,182 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,816

28,793

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 128,711 28,688
SHAREHOLDERS' FUNDS 128,816 28,793

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





J Baldwin - Director


Cap Three Limited (Registered number: 03421611)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Cap Three 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.

Revenue
Turnover relates to royalty income and is accounted for on an accruals basis. Advances received are recognized in the year received.

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.

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.

Intangible fixed assets - music publishing copyrights
Amortisation of music publishing copyrights is provided on a straight line basis at a rate of 10% per annum.

Going concern
Updated accounts have been reviewed for the period following the balance sheet date, paying attention to the prospective cash position in a variety of scenarios. Additionally, the company had significant net current assets at the year end.

As such the financial statements have been prepared on a going concern basis which forecasts that the Company will have sufficient liquidity to meet its financial obligations for a period of at least 12 months from the date of this financial report.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Cap Three Limited (Registered number: 03421611)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2023
and 31 December 2023 968,766
AMORTISATION
At 1 January 2023 750,795
Amortisation for year 96,877
At 31 December 2023 847,672
NET BOOK VALUE
At 31 December 2023 121,094
At 31 December 2022 217,971

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 4
NET BOOK VALUE
At 31 December 2023 4
At 31 December 2022 4

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 32,188 -
Other debtors - 757
VAT 2,564 2,038
34,752 2,795

Cap Three Limited (Registered number: 03421611)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 75,004 73,891
Social security and other taxes 2,029 2,058
Other creditors 96,411 121,419
Accrued expenses 19,469 23,394
192,913 220,762

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeffrey Alan Oliver (Senior Statutory Auditor)
for and on behalf of Cook & Partners