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Registered number: 12442015









CAPSTONE FINANCIAL HOLDINGS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
CAPSTONE FINANCIAL HOLDINGS LTD
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CAPSTONE FINANCIAL HOLDINGS LTD
FOR THE YEAR ENDED 29 FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Capstone Financial Holdings Ltd for the year ended 29 February 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the ACCAwe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the Board of directors of Capstone Financial Holdings Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Capstone Financial Holdings Ltd and state those matters that we have agreed to state to the Board of directors of Capstone Financial Holdings Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Capstone Financial Holdings Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Capstone Financial Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Capstone Financial Holdings Ltd. You consider that Capstone Financial Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Capstone Financial Holdings Ltd. 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 financial statements.

  



Duce
 
Chartered Certified Accountants
  
35 St Thomas's Road
Chorley
Lancashire
PR7 1HP
25 October 2024
Page 1

 
CAPSTONE FINANCIAL HOLDINGS LTD
REGISTERED NUMBER: 12442015

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 3 
225,000
374,960

  
225,000
374,960

Current assets
  

Debtors: amounts falling due within one year
 4 
100
100

Cash at bank and in hand
 5 
60
59

  
160
159

Creditors: amounts falling due within one year
 6 
(481)
(480)

Net current liabilities
  
 
 
(321)
 
 
(321)

Total assets less current liabilities
  
224,679
374,639

Creditors: amounts falling due after more than one year
 7 
(751,900)
(751,420)

  

Net liabilities
  
(527,221)
(376,781)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(527,321)
(376,881)

  
(527,221)
(376,781)


For the year ended 29 February 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 2

 
CAPSTONE FINANCIAL HOLDINGS LTD
REGISTERED NUMBER: 12442015
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 October 2024.




Daniel Healey
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
CAPSTONE FINANCIAL HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Capstone Financial Holdings Limited is a private company limited by shares, registered in the United Kingdom number 12442015. It's registered office is Manor House, 35 St Thomas's Road, Chorley, Lancashire, PR7 1HP. 
During the period, the principal activity of the company was that of activites auxiliary to financial intermediation.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

 
2.2

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
CAPSTONE FINANCIAL HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Intangible assets






Goodwill

£



Cost


At 1 March 2023
749,900



At 29 February 2024

749,900



Amortisation


At 1 March 2023
374,940


Charge for the year on owned assets
149,960



At 29 February 2024

524,900



Net book value



At 29 February 2024
225,000



At 28 February 2023
374,960




4.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
100
100

100
100



5.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
60
59

60
59


Page 5

 
CAPSTONE FINANCIAL HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Accruals and deferred income
481
480

481
480



7.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Other creditors
751,900
751,420

751,900
751,420


 
Page 6