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REGISTERED NUMBER: 09891737 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

CAPITAL ESTATES INVESTMENTS LIMITED

CAPITAL ESTATES INVESTMENTS LIMITED (REGISTERED NUMBER: 09891737)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAPITAL ESTATES INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr S Schapira





REGISTERED OFFICE: 105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ





REGISTERED NUMBER: 09891737 (England and Wales)





ACCOUNTANTS: DAS Accounting & Partners (UK) LLP
105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ

CAPITAL ESTATES INVESTMENTS LIMITED (REGISTERED NUMBER: 09891737)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 5 1 1
Investment property 6 3,215,000 1,410,000
3,215,001 1,410,001

CURRENT ASSETS
Debtors 7 387,581 490,496
Cash at bank 5,996 107,620
393,577 598,116
CREDITORS
Amounts falling due within one year 8 (654,538 ) (453,354 )
NET CURRENT (LIABILITIES)/ASSETS (260,961 ) 144,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,954,040

1,554,763

CREDITORS
Amounts falling due after more than one
year

9

(2,132,011

)

(965,673

)

PROVISIONS FOR LIABILITIES 10 (151,000 ) (61,000 )
NET ASSETS 671,029 528,090

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 670,929 527,990
SHAREHOLDERS' FUNDS 671,029 528,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CAPITAL ESTATES INVESTMENTS LIMITED (REGISTERED NUMBER: 09891737)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:





Mr S Schapira - Director


CAPITAL ESTATES INVESTMENTS LIMITED (REGISTERED NUMBER: 09891737)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Capital Estates Investments 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historic cost convention except that investment property is measured at fair value through profit or loss.

Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertaking comprise a small group.

Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The valuation of investment properties is inherently subjective, depending on many factors, including the individual nature of each property, its location and expected future net rental values, market yields and comparable market transactions.Therefore, the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


CAPITAL ESTATES INVESTMENTS LIMITED (REGISTERED NUMBER: 09891737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Investments
Fixed asset investments are initially recorded at cost and subsequently stated at cost less any accumulated impairment losses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 December 2022
and 30 November 2023 1
NET BOOK VALUE
At 30 November 2023 1
At 30 November 2022 1

The company owns the whole of the issued share capital of Capital Spencer Ltd, a company registered in England and Wales. The registered address of Capital Spencer Ltd is 105 Eade Road, OCC Building A, 2nd Floor, Unit 11D, London N4 1TJ.

Consolidated financial statements have not been prepared as the company has taken advantage of the exemptions conferred by Section 398 of the Companies Act 2006.

CAPITAL ESTATES INVESTMENTS LIMITED (REGISTERED NUMBER: 09891737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 1,410,000
Additions 1,444,239
Revaluations 360,761
At 30 November 2023 3,215,000
NET BOOK VALUE
At 30 November 2023 3,215,000
At 30 November 2022 1,410,000

The director is of the opinion that £3,215,000 represents the open market value of the company's investment properties at 30 November 2023. The historical cost of the investment properties is £2,553,142 (2022: £1,108,904).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 387,581 490,496

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,329 5,198
Other creditors 649,209 448,156
654,538 453,354

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 2,132,011 965,673

Bank loans of £2,099,682 (2022: £928,015) are secured by legal charges over the assets of the company.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 151,000 61,000

Deferred
tax
£   
Balance at 1 December 2022 61,000
Movement during the year 90,000
Balance at 30 November 2023 151,000

CAPITAL ESTATES INVESTMENTS LIMITED (REGISTERED NUMBER: 09891737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

10. PROVISIONS FOR LIABILITIES - continued

The provision for deferred tax is in relation to timing differences in respect of the revaluation of investment properties.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100

12. RELATED PARTY DISCLOSURES

Other debtors include amounts of £50,453 (2022: £50,453) owed by companies having a director in common with the company.

Other creditors include amounts of £645,806 (2022: £446,236) owed to the directors or companies having a director in common with the company.

No transactions with related parties, other than disclosed above, were undertaken such as are required to be disclosed under FRS 102.