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REGISTERED NUMBER: 05926439 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

CAPITAL LIVING LONDON LIMITED

CAPITAL LIVING LONDON LIMITED (REGISTERED NUMBER: 05926439)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAPITAL LIVING LONDON LIMITED

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: A J Gibbs
J S Herrera Pasqualin





SECRETARY:





REGISTERED OFFICE: 63-66 Hatton Garden
Fifth Floor Suite 23
London
EC1N 8LE





REGISTERED NUMBER: 05926439 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

CAPITAL LIVING LONDON LIMITED (REGISTERED NUMBER: 05926439)

Balance Sheet
31 MAY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 107,549 127,806
Investments 6 10 10
107,559 127,816

CURRENT ASSETS
Debtors 7 73,090 182,611
Cash at bank and in hand 440,945 82,211
514,035 264,822
CREDITORS
Amounts falling due within one year 8 620,070 392,178
NET CURRENT LIABILITIES (106,035 ) (127,356 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,524

460

CREDITORS
Amounts falling due after more than
one year

9

(106,046

)

(292,733

)

PROVISIONS FOR LIABILITIES (25,463 ) -
NET LIABILITIES (129,985 ) (292,273 )

CAPITAL LIVING LONDON LIMITED (REGISTERED NUMBER: 05926439)

Balance Sheet - continued
31 MAY 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (130,985 ) (293,273 )
SHAREHOLDERS' FUNDS (129,985 ) (292,273 )

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

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

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 and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





J S Herrera Pasqualin - Director


CAPITAL LIVING LONDON LIMITED (REGISTERED NUMBER: 05926439)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Capital Living London 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.

The directors consider that in preparing the financial statements they have related taken into account all information available, and on this basis the financial statements are prepared on a going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Capital Living London Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 - 20% on reducing balance
Computer equipment - 12.5% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss and Retained Earnings, 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.


CAPITAL LIVING LONDON LIMITED (REGISTERED NUMBER: 05926439)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued
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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:
Deferred tax assets are recognised only to the extent that directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantially enacted at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 June 2023
and 31 May 2024 647
AMORTISATION
At 1 June 2023
and 31 May 2024 647
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

CAPITAL LIVING LONDON LIMITED (REGISTERED NUMBER: 05926439)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 370,027 1,451 371,478
Additions 6,402 - 6,402
At 31 May 2024 376,429 1,451 377,880
DEPRECIATION
At 1 June 2023 242,713 959 243,672
Charge for year 26,167 492 26,659
At 31 May 2024 268,880 1,451 270,331
NET BOOK VALUE
At 31 May 2024 107,549 - 107,549
At 31 May 2023 127,314 492 127,806

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 10
NET BOOK VALUE
At 31 May 2024 10
At 31 May 2023 10

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,701 47,159
Amounts owed by group undertakings 36,621 112,602
Other debtors 2,768 22,850
73,090 182,611

CAPITAL LIVING LONDON LIMITED (REGISTERED NUMBER: 05926439)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 95,153 -
Trade creditors 161,477 100,485
Amounts owed to group undertakings 48,025 70,981
Taxation and social security 73,324 3,041
Other creditors 242,091 217,671
620,070 392,178

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 106,046 292,733

10. RELATED PARTY DISCLOSURES

Included within debtors: amounts due by group undertakings is a balance of £36,621 (2023: £112,602) owed by The HMO Agent Limited, for items paid on its behalf. The debt is unsecured, interest free and carries no fixed date of repayment.

Included within creditors: amounts due by group undertakings is a balance of £48,025 (2023: £nil) owed by BCLLA Ltd, for items paid on its behalf. The debt is unsecured, interest free and carries no fixed date of repayment.