Company registration number 10764765 (England and Wales)
CAPPOQUIN HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
CAPPOQUIN HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
CAPPOQUIN HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
1,000,000
1,000,000
Current assets
Cash at bank and in hand
24,573
-
0
Net current assets
24,573
-
0
Total assets less current liabilities
1,024,573
1,000,000
Creditors: amounts falling due after more than one year
4
(24,500)
-
0
Net assets
1,000,073
1,000,000
Capital and reserves
Called up share capital
5
106
106
Other reserves
999,894
999,894
Profit and loss reserves
73
-
0
Total equity
1,000,073
1,000,000

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 24 September 2024 and are signed on its behalf by:
Scott Fraser
Director
Company Registration No. 10764765
CAPPOQUIN HOLDINGS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
Share capital
Merger reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 April 2022
1
-
-
0
1
Year ended 31 March 2023:
Profit and total comprehensive income for the year
-
-
-
0
-
0
Issue of share capital
5
105
-
-
105
Transfers
-
999,894
-
0
999,894
Balance at 31 March 2023
106
999,894
-
0
1,000,000
Year ended 31 March 2024:
Profit and total comprehensive income for the year
-
-
29,073
29,073
Dividends
-
-
(29,000)
(29,000)
Balance at 31 March 2024
106
999,894
73
1,000,073
CAPPOQUIN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Cappoquin Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Regent centre, Gosforth, Newcastle Upon Tyne, NE3 3LS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors have considered a period of at least twelve months from the date on which these financial statements have been signed and having considered all information available to them, believes it appropriate to prepare the financial statements on a going concern basis.true

 

This assessment of going concern includes the impact of current inflationary pressures impacting on costs. The directors are satisfied that the company has adequate resources to continue to operate for the foreseeable future.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

CAPPOQUIN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
2
2
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1,000,000
1,000,000
4
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
24,500
-
0
CAPPOQUIN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
104
104
104
104
Ordinary C of £1 each
1
1
1
1
Ordinary D of £1 each
1
1
1
1
106
106
106
106

 

2024-03-312023-04-01false24 September 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityScott FraserLouise Fraserfalsefalse107647652023-04-012024-03-31107647652024-03-31107647652023-03-3110764765core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-3110764765core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3110764765core:ShareCapital2024-03-3110764765core:ShareCapital2023-03-3110764765core:OtherMiscellaneousReserve2024-03-3110764765core:OtherMiscellaneousReserve2023-03-3110764765core:RetainedEarningsAccumulatedLosses2024-03-3110764765core:RetainedEarningsAccumulatedLosses2023-03-3110764765core:ShareCapital2022-03-3110764765core:RetainedEarningsAccumulatedLosses2022-03-3110764765core:ShareCapitalOrdinaryShares2024-03-3110764765core:ShareCapitalOrdinaryShares2023-03-3110764765bus:Director12023-04-012024-03-3110764765core:RetainedEarningsAccumulatedLosses2022-04-012023-03-31107647652022-04-012023-03-3110764765core:RetainedEarningsAccumulatedLosses2023-04-012024-03-3110764765core:ShareCapital2022-04-012023-03-3110764765core:Non-currentFinancialInstruments2024-03-3110764765core:Non-currentFinancialInstruments2023-03-3110764765bus:PrivateLimitedCompanyLtd2023-04-012024-03-3110764765bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110764765bus:FRS1022023-04-012024-03-3110764765bus:AuditExemptWithAccountantsReport2023-04-012024-03-3110764765bus:Director22023-04-012024-03-3110764765bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP