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REGISTERED NUMBER: 10469164 (England and Wales)




















Unaudited Financial Statements

FOR THE PERIOD

1 May 2023 to 31 January 2024

for

CAPREON (UK) LIMITED

CAPREON (UK) LIMITED (REGISTERED NUMBER: 10469164)

Contents of the Financial Statements
FOR THE PERIOD 1 MAY 2023 TO 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CAPREON (UK) LIMITED

Company Information
FOR THE PERIOD 1 MAY 2023 TO 31 JANUARY 2024







DIRECTORS: K Koseoglu
P G Meads
S M Noe
R D Noe
A L Thompson





REGISTERED OFFICE: 2nd Floor, The Hide
3 Kingly Court,
London
W1B 5PW





REGISTERED NUMBER: 10469164 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

CAPREON (UK) LIMITED (REGISTERED NUMBER: 10469164)

Balance Sheet
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,391 -
Investments 5 3 3
19,394 3

CURRENT ASSETS
Debtors 6 499,904 3,291,565
Cash at bank 294,800 351,293
794,704 3,642,858
CREDITORS
Amounts falling due within one year 7 604,769 1,979,705
NET CURRENT ASSETS 189,935 1,663,153
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,329

1,663,156

CAPITAL AND RESERVES
Called up share capital 1 1
Profit and loss account 209,328 1,663,155
209,329 1,663,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





P G Meads - Director


CAPREON (UK) LIMITED (REGISTERED NUMBER: 10469164)

Notes to the Financial Statements
FOR THE PERIOD 1 MAY 2023 TO 31 JANUARY 2024


1. STATUTORY INFORMATION

Capreon (UK) 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.

Critical accounting judgements and key sources of estimation uncertainty
The company makes certain estimates and assumptions regarding the future. Estimates and judgements are continually evaluated based on historical experience and other factors, including expectation of future events that are believed to be reasonable under the circumstances.In the future, actual experience may differ from these estimates and assumptions.The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.


Trade and other debtors
Debtors are reviewed regularly for potential impairment. The review is performed on a debt by debt basis by management and considers factors such as the age of the debt, recovery since the reporting date and discussions with the debtor. Provisions are raised where debtors are not considered recoverable in full or in part. Provisions are reassessed as part of the above review and are released where information supports the recovery of the debt.

Turnover
Turnover represents revenue recognised for the provision of asset management and other related services. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Turnover not invoiced at the balance sheet date is included within accrued income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

CAPREON (UK) LIMITED (REGISTERED NUMBER: 10469164)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 MAY 2023 TO 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

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.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

CAPREON (UK) LIMITED (REGISTERED NUMBER: 10469164)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 MAY 2023 TO 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
The financial statements are prepared in sterling, which is the functional currency of the entity.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 17,775 7,756 25,531
At 31 January 2024 17,775 7,756 25,531
DEPRECIATION
Charge for period 3,555 2,585 6,140
At 31 January 2024 3,555 2,585 6,140
NET BOOK VALUE
At 31 January 2024 14,220 5,171 19,391

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 31 January 2024 3
NET BOOK VALUE
At 31 January 2024 3
At 30 April 2023 3

Investments held as fixed assets are shown at cost less provision for impairment.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 234,587 686,139
Amounts owed by group undertakings 92,472 653,586
Other debtors 34,179 24,001
Prepayments and accrued income 138,666 1,927,839
499,904 3,291,565

CAPREON (UK) LIMITED (REGISTERED NUMBER: 10469164)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 MAY 2023 TO 31 JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 66,182 164,466
VAT 303,507 321,932
Other creditors 103,145 3
Accruals and deferred income 4,250 -
Accrued expenses 127,685 1,493,304
604,769 1,979,705

8. RELATED PARTY DISCLOSURES

Included in Debtors:Amounts falling due within one year is £92,472 (2023:653,586) owed by a company controlled by the directors.