Company Registration No. 04188653 (England and Wales)
Capedeal Limited
Unaudited accounts
for the year ended 31 March 2024
Capedeal Limited
Unaudited accounts
Contents
Capedeal Limited
Company Information
for the year ended 31 March 2024
Company Number
04188653 (England and Wales)
Registered Office
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Capedeal Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Capedeal Limited for the year ended
31 March 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Capedeal Limited, as a body, in accordance with the terms of our engagement letter dated 3 August 2016. Our work has been undertaken solely to prepare for your approval the accounts of Capedeal Limited and state those matters that we have agreed to state to the Board of Directors of Capedeal Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Capedeal Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Capedeal Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Capedeal Limited. You consider that Capedeal Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Capedeal Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brindley Goldstein Ltd
Chartered Accountants
103 High Street
Waltham Cross
EN8 7AN
13 November 2024
Capedeal Limited
Statement of financial position
as at 31 March 2024
Investment property
5,042,100
5,042,100
Cash at bank and in hand
1,406,409
861,371
Creditors: amounts falling due within one year
(1,687,958)
(1,654,397)
Net current assets
390,562
154,412
Net assets
5,432,662
5,196,801
Called up share capital
4
4
Revaluation reserve
3,077,062
3,077,062
Profit and loss account
2,355,596
2,119,735
Shareholders' funds
5,432,662
5,196,801
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2024 and were signed on its behalf by
Mr G. S. Lucas
Director
Company Registration No. 04188653
Capedeal Limited
Notes to the Accounts
for the year ended 31 March 2024
Capedeal Limited is a private company, limited by shares, registered in England and Wales, registration number 04188653. The registered office is Brindley Goldstein Ltd, 103 High Street, Waltham Cross, EN8 7AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents rents receivable.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33 1/3% straight line
Capedeal Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment
Fair value at 1 April 2023
5,042,100
At 31 March 2024
5,042,100
Amounts falling due within one year
Other debtors
672,111
936,193
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
19,033
3,000
Taxes and social security
122,457
40,868
Other creditors
1,540,066
1,605,999
Loans from directors
3,042
1,350
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
Capedeal Limited
Notes to the Accounts
for the year ended 31 March 2024
9
Transactions with related parties
The company was under the control of Mrs M. Lucas and Mrs K. Jacobs throughout the current year. Mrs M. Lucas is personally interested in 75% of the company's issued share capital and Mrs K. Jacobs is personally interested in the remaining 25% of the company's issued share capital.
Included in other creditors is a loan balance with L.B.J. (Investments) Limited of £1,014,375
(2023: £1,084,375). No interest was paid on this loan during the year.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).