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Company No: 14915042 (England and Wales)

CANDOVER CAPITAL 1 LTD

Unaudited Financial Statements
For the financial period from 05 June 2023 to 30 June 2024
Pages for filing with the registrar

CANDOVER CAPITAL 1 LTD

Unaudited Financial Statements

For the financial period from 05 June 2023 to 30 June 2024

Contents

CANDOVER CAPITAL 1 LTD

BALANCE SHEET

As at 30 June 2024
CANDOVER CAPITAL 1 LTD

BALANCE SHEET (continued)

As at 30 June 2024
Note 30.06.2024
£
Fixed assets
Investments 3 21,199,718
21,199,718
Current assets
Debtors 4 66,418
Cash at bank and in hand 1,119,038
1,185,456
Creditors: amounts falling due within one year 5 ( 11,018,951)
Net current liabilities (9,833,495)
Total assets less current liabilities 11,366,223
Net assets 11,366,223
Capital and reserves
Called-up share capital 6 12,150,011
Profit and loss account ( 783,788 )
Total shareholders' funds 11,366,223

For the financial period ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Candover Capital 1 Ltd (registered number: 14915042) were approved and authorised for issue by the Board of Directors on 03 March 2025. They were signed on its behalf by:

Mr N D Parker
Director
CANDOVER CAPITAL 1 LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 05 June 2023 to 30 June 2024
CANDOVER CAPITAL 1 LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 05 June 2023 to 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Candover Capital 1 Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is:
The Estate Office Wield Park
Upper Wield
Alresford
SO24 9FX
United Kingdom

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover represents profit or loss on disposals of current asset investments in the period in which the disposal occurs and unrealised gains or losses on revaluation of current asset investments.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

Period from
05.06.2023 to
30.06.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 0

3. Fixed asset investments

Investments in subsidiaries

30.06.2024
£
Cost
At 05 June 2023 0
Additions 21,199,718
At 30 June 2024 21,199,718
Carrying value at 30 June 2024 21,199,718

Investments in shares

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Name of entity Registered office Principal activity Class of
shares
Ownership
30.06.2024
Held
Hans Property Holdings Ltd Third Floor, Gaspé House, 66-72 The Esplanade, St Helier, Jersey, JE1 2LH Property development Ordinary shares 100.00% Direct

4. Debtors

30.06.2024
£
Amounts owed by Group undertakings 66,418

5. Creditors: amounts falling due within one year

30.06.2024
£
Bank loans 10,656,250
Trade creditors 243,781
Other creditors 118,920
11,018,951

Bank loans are secured against the assets of the company.

6. Called-up share capital

30.06.2024
£
Allotted, called-up and fully-paid
1 Ordinary A share of £ 1.00 1
1,000 Ordinary shares of £ 0.01 each 10
11
12,150,000 Preference shares of £ 1.00 each 12,150,000
12,150,011