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REGISTERED NUMBER: 12259155 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

CAP PROPERTY DEVELOPMENT IOW LIMITED

CAP PROPERTY DEVELOPMENT IOW LIMITED (REGISTERED NUMBER: 12259155)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAP PROPERTY DEVELOPMENT IOW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr C A Prew
Mrs C L Prew





SECRETARY: Mrs C L Prew





REGISTERED OFFICE: 60-66 Lugley Street
Newport
Isle of Wight
PO30 5EU





REGISTERED NUMBER: 12259155 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

CAP PROPERTY DEVELOPMENT IOW LIMITED (REGISTERED NUMBER: 12259155)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 10,933 -
Investment property 5 65,500 65,500
76,433 65,500

CURRENT ASSETS
Debtors 6 42,808 16,489
Cash at bank 4,707 25,450
47,515 41,939
CREDITORS
Amounts falling due within one year 7 5,959 14,519
NET CURRENT ASSETS 41,556 27,420
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,989

92,920

PROVISIONS FOR LIABILITIES 8 2,077 -
NET ASSETS 115,912 92,920

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 115,911 92,919
SHAREHOLDERS' FUNDS 115,912 92,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

CAP PROPERTY DEVELOPMENT IOW LIMITED (REGISTERED NUMBER: 12259155)

BALANCE SHEET - continued
31 OCTOBER 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





Mr C A Prew - Director


CAP PROPERTY DEVELOPMENT IOW LIMITED (REGISTERED NUMBER: 12259155)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

CAP Property Development IOW 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.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

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

CAP PROPERTY DEVELOPMENT IOW LIMITED (REGISTERED NUMBER: 12259155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
Additions 12,311 1,175 13,486
At 31 October 2024 12,311 1,175 13,486
DEPRECIATION
Charge for year 2,308 245 2,553
At 31 October 2024 2,308 245 2,553
NET BOOK VALUE
At 31 October 2024 10,003 930 10,933

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 November 2023
and 31 October 2024 65,500
NET BOOK VALUE
At 31 October 2024 65,500
At 31 October 2023 65,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 8,648
Other debtors 40,814 6,940
Directors' current accounts 1,994 901
42,808 16,489

Other debtors consists of a loan amount due from M G Scaffolding UK Ltd of £30,500 (2023: £4,000), credit card balance of £561 (2023: £Nil), a fraudulent transaction owed back to the company of £1,753 (2023: £Nil), and a loan to Mark House £8,000 (2023: £Nil).

CAP PROPERTY DEVELOPMENT IOW LIMITED (REGISTERED NUMBER: 12259155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 312 -
Tax 4,122 12,782
Other creditors - 272
Accrued expenses 1,525 1,465
5,959 14,519

8. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 2,077 -

Deferred tax
£
Provided during year 2,077
Balance at 31 October 2024 2,077

9. CALLED UP SHARE CAPITAL

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

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C A Prew.