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REGISTERED NUMBER: 05620797 (England and Wales)















KAPITAL ESTATES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






KAPITAL ESTATES LTD (REGISTERED NUMBER: 05620797)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


KAPITAL ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTOR: T. Dal





SECRETARY: Mrs. S Dal





REGISTERED OFFICE: 16 Lambourne Crescent
Cardiff Business Park
Llanishen
Cardiff
CF14 5GF





REGISTERED NUMBER: 05620797 (England and Wales)





ACCOUNTANTS: Johns Jones & Lo Limited
Chartered Accountants & Registered Auditors
16 Lambourne Crescent
Cardiff Business Park
Llanishen
Cardiff
CF14 5GF

KAPITAL ESTATES LTD (REGISTERED NUMBER: 05620797)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,195
Investments 5 1 3
Investment property 6 6,336,045 6,336,045
6,336,046 6,337,243

CURRENT ASSETS
Debtors 7 50,436 60,260

CREDITORS
Amounts falling due within one year 8 422,806 373,285
NET CURRENT LIABILITIES (372,370 ) (313,025 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,963,676

6,024,218

CREDITORS
Amounts falling due after more than one
year

9

(4,213,455

)

(4,188,157

)

PROVISIONS FOR LIABILITIES 11 - (120 )
NET ASSETS 1,750,221 1,835,941

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,749,221 1,834,941
SHAREHOLDERS' FUNDS 1,750,221 1,835,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 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.

KAPITAL ESTATES LTD (REGISTERED NUMBER: 05620797)

BALANCE SHEET - continued
30TH JUNE 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 director and authorised for issue on 28th November 2024 and were signed by:





T. Dal - Director


KAPITAL ESTATES LTD (REGISTERED NUMBER: 05620797)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Kapital Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery etc - 50% on cost and 33% on cost

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

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

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.

Subsidiary companies
The company owns the total issued share capital of 47 BP Ltd. The company is formed to handle the renovation and sale of individual properties, with all transaction being dealt with by Kapital Estates Limited under declarations of trust. Therefore no group accounts have been prepared, and exemption from the disclosure of related party transactions has been selected.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

KAPITAL ESTATES LTD (REGISTERED NUMBER: 05620797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2023
and 30th June 2024 28,682
DEPRECIATION
At 1st July 2023 27,487
Charge for year 1,195
At 30th June 2024 28,682
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 1,195

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st July 2023 3
Disposals (2 )
At 30th June 2024 1
NET BOOK VALUE
At 30th June 2024 1
At 30th June 2023 3

6. INVESTMENT PROPERTY

Investment properties includes expenditure to date on properties which are scheduled for renovation and then sale.

All costs associated with the properties are capitalised, including interest charged on the loans used to fund the purchase and development.

From August 2018 to the date of these financial statements an investment property was made available to rent There is no change of use, this is to cover costs. Interest charged on the loans for this period has been charged to profit and loss.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 50,436 60,260

KAPITAL ESTATES LTD (REGISTERED NUMBER: 05620797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 105,444 30,854
Other creditors 317,362 342,431
422,806 373,285

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 61,434 19,217
Other creditors 4,152,021 4,168,940
4,213,455 4,188,157

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 4,152,021 4,168,940

Borrowings from lenders, other financial institutions, and related entities are secured on the investment properties.

11. PROVISIONS FOR LIABILITIES
2023
£   
Deferred tax 120

Deferred
tax
£   
Balance at 1st July 2023 120
Provided during year (208 )
Balance at 30th June 2024 (88 )

KAPITAL ESTATES LTD (REGISTERED NUMBER: 05620797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2024 and 30th June 2023:

2024 2023
£    £   
T. Dal
Balance outstanding at start of year (266,092 ) (316,016 )
Amounts advanced 4,697 54,126
Amounts repaid - (4,202 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (261,395 ) (266,092 )

Included in the amount repaid is a dividend paid to the director of £nil. (2023 £nil).

The total amount of dividend paid to the shareholders is £nil. [2023 £nil].

13. RELATED PARTY DISCLOSURES

Included in debtors is an amount of £9,044 (2023 £9,532) owed by 74 EP Freehold Ltd and an amount of £19,119 (2023 £25,859) owed by Cat Dal Interiors Ltd . Mr T Dal is a director of 74 EP Freehold Ltd and was a director of Cat Dal Interiors Ltd until 27 January 2022.

Included in creditors is an amount of £425 (2023 £30,777)owed to 74C EP Ltd. Mr T Dal is a director of 74C EP Ltd.

14. ULTIMATE CONTROLLING PARTY

The controlling party is T. Dal.