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REGISTERED NUMBER: 13196872 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Capital Assets & Investments Ltd

Capital Assets & Investments Ltd (Registered number: 13196872)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Capital Assets & Investments Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: P D Halsted
Mrs K S Halsted
D V P Sagar
Q Ali





REGISTERED OFFICE: 41 Brookfield Lane
Churchdown
Gloucester
Gloucestershire
GL3 2PR





REGISTERED NUMBER: 13196872 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

Capital Assets & Investments Ltd (Registered number: 13196872)

Statement of Financial Position
29 February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,875 -

CURRENT ASSETS
Debtors 5 56,295 100
Cash at bank 82 -
56,377 100
CREDITORS
Amounts falling due within one year 6 55,050 -
NET CURRENT ASSETS 1,327 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,202

100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,102 -
SHAREHOLDERS' FUNDS 6,202 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 26 November 2024 and were signed on its behalf by:



Mrs K S Halsted - Director



P D Halsted - Director


Capital Assets & Investments Ltd (Registered number: 13196872)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Capital Assets & Investments 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.
Fixtures and fittings - 25% on cost

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
Cost
Additions 6,500
At 29 February 2024 6,500
Depreciation
Charge for year 1,625
At 29 February 2024 1,625
Net book value
At 29 February 2024 4,875

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Amounts owed by group undertakings 40,295 100
Other debtors 16,000 -
56,295 100

Capital Assets & Investments Ltd (Registered number: 13196872)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade creditors 42 -
Taxation and social security 288 -
Other creditors 54,720 -
55,050 -

7. RELATED PARTY DISCLOSURES

The Property Wizards Group Ltd
Parent company.

At the year end Capital Assets & Investments was owed £37,595 (2023 - £100) from it's parent.

The Asset Revolution Ltd
A company under common directorship and control.

At the year end Capital Assets & Investments was owed £2,700 (2023 - £nil) from this company.

8. ULTIMATE CONTROLLING PARTY

Until 20 September 2023 the company was controlled by The Property Wizards Group Ltd, a company controlled by the director Mrs K S Halsted. The Property Wizards Group Ltd, which shares the same registered office as Capital Assets & Invesments Ltd, has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.