Registered number
04132478
Capital River Functions Limited
Filleted Accounts
31 March 2024
Capital River Functions Limited
Registered number: 04132478
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 160,323 160,766
Current assets
Debtors 4 - 173,313
Cash at bank and in hand 6 212,930
6 386,243
Creditors: amounts falling due within one year 5 (41,096) (505,436)
Net current liabilities (41,090) (119,193)
Total assets less current liabilities 119,233 41,573
Creditors: amounts falling due after more than one year 6 (377,718) (378,893)
Net liabilities (258,485) (337,320)
Capital and reserves
Called up share capital 100 100
Share premium 74,989 74,989
Profit and loss account (333,574) (412,409)
Shareholder's funds (258,485) (337,320)
The directors are 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 directors acknowledge their 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.
Naveed Anwar
Director
Approved by the board on 6 November 2024
Capital River Functions Limited
Notes to the Accounts
for the year ended 31 March 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 rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
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.
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.
Functional and presentation currency
The financial statements of the company are measured and presented in the currency of the primary economic environment in which the company operates, the functional currency. The financial statements are presented in Pound sterling (£), which is the company’s functional currency.
Employee benefits
Short-term employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Post-employment defined contribution plans
Amounts in respect of defined contributions plans are recognised as an expense as they are incurred.

Termination benefits
Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.
Going concern
The financial statements have been prepared on the basis that the company will receive continued financial support from bank and director and has adequate resources to continue in operational existence for the foreseeable future.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures, fittings, tools and equipment Vessels Total
£ £ £
Cost
At 1 April 2023 29,183 369,404 398,587
At 31 March 2024 29,183 369,404 398,587
Depreciation
At 1 April 2023 28,740 209,081 237,821
Charge for the year 443 - 443
At 31 March 2024 29,183 209,081 238,264
Net book value
At 31 March 2024 - 160,323 160,323
At 31 March 2023 443 160,323 160,766
4 Debtors 2024 2023
£ £
Trade debtors - 173,313
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 6,383 490,343
Other taxes and social security costs 33,213 14,094
Other creditors 1,500 999
41,096 505,436
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,055 25,088
Other creditors 357,663 353,805
377,718 378,893
7 Related party transactions
Included within other creditor's is a long-term director's loan of £357,663 (2023 - £353,805).
8 Controlling party
Naveed Anwar is the ultimate controlling party.
9 Other information
Capital River Functions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 4, Cranbrook House
61 Cranbrook Road
Ilford
Essex
IG1 4PG
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