Registered number
14247517
CAPTAIN KEV HOLDINGS LIMITED
Filleted Accounts
31 July 2024
CAPTAIN KEV HOLDINGS LIMITED
Registered number: 14247517
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 371,049 371,049
Current assets
Cash at bank and in hand 6,520 4,501
Creditors: amounts falling due within one year 4 (127,302) (126,912)
Net current liabilities (120,782) (122,411)
Total assets less current liabilities 250,267 248,638
Creditors: amounts falling due after more than one year 5 (248,674) (248,674)
Net assets/(liabilities) 1,593 (36)
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,591 (38)
Shareholders' funds 1,593 (36)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Sanger
Director
Approved by the board on 6 March 2025
CAPTAIN KEV HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 August 2023 371,049
At 31 July 2024 371,049
Depreciation
At 31 July 2024 -
Net book value
At 31 July 2024 371,049
At 31 July 2023 371,049
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,800 1,800
Taxation and social security costs 382 (8)
Other creditors 125,120 125,120
127,302 126,912
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 248,674 248,674
6 Related party transactions
As at the 31st July 2023, Mr K Sanger,a shareholder and director, was owed £62500 by the company and Ms A Tucker, a shareholder and director, was owed £62500 by the company. These loans are interest free and payable on demand.
7 Controlling party
The company is under the control of Mr K Sanger and Ms A Tucker. Neither party has overall control.
8 Other information
CAPTAIN KEV HOLDINGS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 104, solent Business Centre
Millbrook Road West
Southampton
Hampshire
SO15 0HW
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