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REGISTERED NUMBER: 06399832 (England and Wales)















CAPRINA TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29 FEBRUARY 2024






CAPRINA TRADING LIMITED (REGISTERED NUMBER: 06399832)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAPRINA TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: J R Hughes
J C Hughes





REGISTERED OFFICE: Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU





REGISTERED NUMBER: 06399832 (England and Wales)






CAPRINA TRADING LIMITED (REGISTERED NUMBER: 06399832)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,663 2,376
Investments 5 600,100 600,100
Investment property 6 1,950,000 1,950,000
2,551,763 2,552,476

CURRENT ASSETS
Debtors 7 1,024,985 275,294
Cash at bank and in hand 6,726 20,068
1,031,711 295,362
CREDITORS
Amounts falling due within one year 8 1,043,128 236,627
NET CURRENT (LIABILITIES)/ASSETS (11,417 ) 58,735
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,540,346

2,611,211

CREDITORS
Amounts falling due after more than one
year

9

(335,000

)

(345,000

)

PROVISIONS FOR LIABILITIES (116,672 ) (117,266 )
NET ASSETS 2,088,674 2,148,945

CAPITAL AND RESERVES
Called up share capital 10 600,100 600,100
Undistributable reserves 11 350,013 350,013
Retained earnings 1,138,561 1,198,832
SHAREHOLDERS' FUNDS 2,088,674 2,148,945

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.

CAPRINA TRADING LIMITED (REGISTERED NUMBER: 06399832)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 24 October 2024 and were signed on its behalf by:





J C Hughes - Director


CAPRINA TRADING LIMITED (REGISTERED NUMBER: 06399832)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Caprina Trading Limited 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 as modified by the revaluation of certain assets.

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.

No depreciation is provided on freehold property as the residual value of land and buildings is greater than cost stated in the accounts.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CAPRINA TRADING LIMITED (REGISTERED NUMBER: 06399832)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

Fixed asset investments
Fixed asset investments are stated at cost less any provision for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 7,848
DEPRECIATION
At 1 March 2023 5,472
Charge for year 713
At 29 February 2024 6,185
NET BOOK VALUE
At 29 February 2024 1,663
At 28 February 2023 2,376

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 600,100
NET BOOK VALUE
At 29 February 2024 600,100
At 28 February 2023 600,100

CAPRINA TRADING LIMITED (REGISTERED NUMBER: 06399832)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 1,950,000
NET BOOK VALUE
At 29 February 2024 1,950,000
At 28 February 2023 1,950,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2023 466,686
Cost 1,483,314
1,950,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,483,316 1,483,316

Investment Property was valued on an open market basis on 28 February 2023 by the Directors. .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,445
Amounts owed by group undertakings - 201,694
Other debtors 1,024,985 72,155
1,024,985 275,294

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 182,997 166,672
Trade creditors - 42,044
Amounts owed to group undertakings 831,936 -
Taxation and social security 23,800 17,681
Other creditors 4,395 10,230
1,043,128 236,627

CAPRINA TRADING LIMITED (REGISTERED NUMBER: 06399832)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 335,000 345,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100
600,000 Ordinary B (non-voting) £1 600,000 600,000
600,100 600,100

11. RESERVES
Undistributable
reserves
£   
At 1 March 2023
and 29 February 2024 350,013

12. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by Mr J R Hughes, by virtue of his 100% holding in the company's issued Ordinary A class of share capital.