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Company Registration No. 04188653 (England and Wales)
Capedeal Limited Unaudited accounts for the year ended 31 March 2024
Capedeal Limited Unaudited accounts Contents
Page
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Capedeal Limited Company Information for the year ended 31 March 2024
Director
Mr G. S. Lucas
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
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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
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Capedeal Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
289 
Investment property
5,042,100 
5,042,100 
5,042,100 
5,042,389 
Current assets
Debtors
672,111 
947,438 
Cash at bank and in hand
1,406,409 
861,371 
2,078,520 
1,808,809 
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 
Capital and reserves
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
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Capedeal Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents rents receivable.
Investment property
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
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Capedeal Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
869 
At 31 March 2024
869 
Depreciation
At 1 April 2023
580 
Charge for the year
289 
At 31 March 2024
869 
Net book value
At 31 March 2024
- 
At 31 March 2023
289 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
5,042,100 
At 31 March 2024
5,042,100 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
11,245 
Other debtors
672,111 
936,193 
672,111 
947,438 
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 
Accruals
3,360 
3,180 
1,687,958 
1,654,397 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4 
4 
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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).
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