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REGISTERED NUMBER: 02039250 (England and Wales)















CAPRINA LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29 FEBRUARY 2024






CAPRINA LIMITED (REGISTERED NUMBER: 02039250)

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 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: 02039250 (England and Wales)






CAPRINA LIMITED (REGISTERED NUMBER: 02039250)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 771,780 803,548

CURRENT ASSETS
Stocks 132,551 375,130
Debtors 5 1,006,523 1,338,131
Cash at bank and in hand 277,528 286,774
1,416,602 2,000,035
CREDITORS
Amounts falling due within one year 6 501,662 701,379
NET CURRENT ASSETS 914,940 1,298,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,686,720

2,102,204

CREDITORS
Amounts falling due after more than one
year

7

(78,222

)

(255,583

)

PROVISIONS FOR LIABILITIES (115,198 ) (153,872 )
NET ASSETS 1,493,300 1,692,749

CAPITAL AND RESERVES
Called up share capital 9 600,100 600,100
Undistributable reserves 10 345,594 345,594
Retained earnings 547,606 747,055
SHAREHOLDERS' FUNDS 1,493,300 1,692,749

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 LIMITED (REGISTERED NUMBER: 02039250)

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 LIMITED (REGISTERED NUMBER: 02039250)

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


1. STATUTORY INFORMATION

Caprina 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on reducing balance
Plant and machinery - 15 - 25% on reducing balance
Fixtures and fittings - 15 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

CAPRINA LIMITED (REGISTERED NUMBER: 02039250)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 March 2023
and 29 February 2024 600,000 995,038 1,595,038
DEPRECIATION
At 1 March 2023 - 791,490 791,490
Charge for year - 31,768 31,768
At 29 February 2024 - 823,258 823,258
NET BOOK VALUE
At 29 February 2024 600,000 171,780 771,780
At 28 February 2023 600,000 203,548 803,548

Cost or valuation at 29 February 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2000 100,000 - 100,000
Valuation in 2021 210,791 - 210,791
Valuation in 2023 150,000 - 150,000
Cost 139,209 995,038 1,134,247
600,000 995,038 1,595,038

CAPRINA LIMITED (REGISTERED NUMBER: 02039250)

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


4. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 139,208 139,208

Freehold land and buildings were valued on an open market basis on 28 February 2022 by the directors .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 March 2023
and 29 February 2024 178,034
DEPRECIATION
At 1 March 2023 88,008
Charge for year 13,504
At 29 February 2024 101,512
NET BOOK VALUE
At 29 February 2024 76,522
At 28 February 2023 90,026

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 79,327 256,371
Amounts owed by group undertakings 831,936 2,352
Other debtors 95,260 1,079,408
1,006,523 1,338,131

CAPRINA LIMITED (REGISTERED NUMBER: 02039250)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 135,072 135,072
Hire purchase contracts 42,288 42,288
Trade creditors 283,717 293,324
Amounts owed to group undertakings - 201,694
Taxation and social security 4,346 12,380
Other creditors 36,239 16,621
501,662 701,379

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 57,078 192,150
Hire purchase contracts 21,144 63,433
78,222 255,583

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 192,150 327,222
Hire purchase contracts 63,432 105,721
255,582 432,943

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
600,000 Ordinary B £1 600,000 600,000
600,100 600,100

10. RESERVES
Undistributable
reserves
£   
At 1 March 2023
and 29 February 2024 345,594

CAPRINA LIMITED (REGISTERED NUMBER: 02039250)

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


11. PARENT UNDERTAKING

The company's parent undertaking is Caprina Trading Limited by virtue of its 100% shareholding. The registered office is Sidings House, Sidings Court, Lakeside, Doncaster, DN4 5NU.