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CAPONTES BROS LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024






CAPONTES BROS LTD (REGISTERED NUMBER: 13695300)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAPONTES BROS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: X De Castro Capontes
H C De Castro Capontes





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 13695300 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

CAPONTES BROS LTD (REGISTERED NUMBER: 13695300)

BALANCE SHEET
31ST OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 469 625
Investment property 6 338,439 338,439
338,908 339,064

CURRENT ASSETS
Debtors 7 933 623
Cash at bank 1,365 370
2,298 993
CREDITORS
Amounts falling due within one year 8 5,425 5,326
NET CURRENT LIABILITIES (3,127 ) (4,333 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

335,781

334,731

CREDITORS
Amounts falling due after more than one
year

9

(375,670

)

(362,670

)

PROVISIONS FOR LIABILITIES (89 ) (119 )
NET LIABILITIES (39,978 ) (28,058 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (39,988 ) (28,068 )
(39,978 ) (28,058 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

CAPONTES BROS LTD (REGISTERED NUMBER: 13695300)

BALANCE SHEET - continued
31ST OCTOBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th November 2024 and were signed on its behalf by:




H C De Castro Capontes - Director



X De Castro Capontes - Director


CAPONTES BROS LTD (REGISTERED NUMBER: 13695300)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Capontes Bros Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

4. EMPLOYEES AND DIRECTORS

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

CAPONTES BROS LTD (REGISTERED NUMBER: 13695300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st November 2023
and 31st October 2024 833
DEPRECIATION
At 1st November 2023 208
Charge for year 156
At 31st October 2024 364
NET BOOK VALUE
At 31st October 2024 469
At 31st October 2023 625

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2023
and 31st October 2024 338,439
NET BOOK VALUE
At 31st October 2024 338,439
At 31st October 2023 338,439

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 10 10
Tax 276 -
Prepayments 647 613
933 623

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 354 -
Other creditors 40 40
Directors' current accounts 2,930 2,985
Accrued expenses 2,101 2,301
5,425 5,326

CAPONTES BROS LTD (REGISTERED NUMBER: 13695300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans more 5 yr by instal 229,170 229,170
Amounts owed to associates 146,500 133,500
375,670 362,670

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 229,170 229,170