Registered number
09939281
Capivest Group Ltd
Report and Unaudited Accounts
31 January 2024
Capivest Group Ltd
Company Information
Director
Icham Hamood
Secretary
Icham Hamood
Accountants
Tax Partners
Chartered Accountants & Tax Advisors
60 Grays Inn Road
London
WC1X 8AQ
Registered office
27 Old Gloucester Street
London
WC1N 3AX
Registered number
09939281
Capivest Group Ltd
Registered number: 09939281
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£
Current assets
Stocks 646,637 646,637
Debtors 3 2,682 -
Cash at bank and in hand 16,698 7,957
666,017 654,594
Creditors: amounts falling due within one year 4 (639,202) (636,553)
Net current assets 26,815 18,041
Net assets 26,815 18,041
Capital and reserves
Called up share capital 1 1
Profit and loss account 26,814 18,040
Shareholder's funds 26,815 18,041
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Icham Hamood
Director
Approved by the board on 9 October 2024
Capivest Group Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Including directors Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 2,682 -
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 2,649 -
Other creditors 636,553 636,553
639,202 636,553
5 Related party transactions
Included in other creditors is a sum of £634,752 owed to the director. No terms have been agreed with regard to repayment nor the sum carries any interest .
6 Controlling party
As of 1 October 2024, the ultimate controlling party of the company is Mr. Icham Hamood, who holds a controlling stake in the company. This control was established following the transfer of shares from Capivest Group DWC LLC to Mr. Hamood on the aforementioned date.
7 Other information
Capivest Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
27 Old Gloucester Street
London
WC1N 3AX
Capivest Group Ltd 09939281 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts July 2024 No description of principal activity 09939281 2022-02-01 2023-01-31 09939281 core:WithinOneYear 2023-01-31 09939281 core:ShareCapital 2023-01-31 09939281 core:RetainedEarningsAccumulatedLosses 2023-01-31 09939281 2023-02-01 2024-01-31 09939281 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09939281 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 09939281 bus:Director1 2023-02-01 2024-01-31 09939281 bus:CompanySecretary1 2023-02-01 2024-01-31 09939281 1 2023-02-01 2024-01-31 09939281 2 2023-02-01 2024-01-31 09939281 countries:England 2023-02-01 2024-01-31 09939281 bus:FRS102 2023-02-01 2024-01-31 09939281 bus:FilletedAccounts 2023-02-01 2024-01-31 09939281 2024-01-31 09939281 core:WithinOneYear 2024-01-31 09939281 core:ShareCapital 2024-01-31 09939281 core:RetainedEarningsAccumulatedLosses 2024-01-31 09939281 2023-01-31 iso4217:GBP xbrli:pure