1 May 2023 false No description of principal activity Taxfiler 2024.6 11329555business:PrivateLimitedCompanyLtd2023-05-012024-04-30 113295552023-04-30 113295552023-05-012024-04-30 11329555business:AuditExempt-NoAccountantsReport2023-05-012024-04-30 11329555business:FilletedAccounts2023-05-012024-04-30 113295552024-04-30 113295552023-04-30 11329555core:WithinOneYear2024-04-30 11329555core:WithinOneYear2023-04-30 11329555core:AfterOneYear2024-04-30 11329555core:AfterOneYear2023-04-30 11329555core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 11329555core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 11329555core:SharePremiumcore:PreviouslyStatedAmount2024-04-30 11329555core:SharePremiumcore:PreviouslyStatedAmount2023-04-30 11329555core:RevaluationReservecore:PreviouslyStatedAmount2024-04-30 11329555core:RevaluationReservecore:PreviouslyStatedAmount2023-04-30 11329555core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 11329555core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 11329555core:PreviouslyStatedAmount2024-04-30 11329555core:PreviouslyStatedAmount2023-04-30 11329555business:SmallEntities2023-05-012024-04-30 11329555business:Director12023-05-012024-04-30 11329555countries:EnglandWales2023-05-012024-04-30 11329555business:RegisteredOffice2023-05-012024-04-30 11329555business:OrdinaryShareClass12023-05-012024-04-30 11329555business:OrdinaryShareClass12022-05-012023-04-30 113295552022-05-012023-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11329555 (England and Wales)
CONCEPT CAPITAL HOLDINGS LTD Unaudited accounts for the year ended 30 April 2024
CONCEPT CAPITAL HOLDINGS LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
13,720,000 
13,720,000 
Current assets
Debtors
3,471,449 
3,635,598 
Cash at bank and in hand
341,374 
82,626 
3,812,823 
3,718,224 
Creditors: amounts falling due within one year
(382,229)
(318,188)
Net current assets
3,430,594 
3,400,036 
Total assets less current liabilities
17,150,594 
17,120,036 
Creditors: amounts falling due after more than one year
(8,652,110)
(8,717,425)
Net assets
8,498,484 
8,402,611 
Capital and reserves
Called up share capital
100 
100 
Share premium
7,207,414 
7,207,414 
Revaluation reserve
923,765 
923,765 
Profit and loss account
367,205 
271,332 
Shareholders' funds
8,498,484 
8,402,611 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by
A Azam Director Company Registration No. 11329555
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CONCEPT CAPITAL HOLDINGS LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
CONCEPT CAPITAL HOLDINGS LTD is a private company, limited by shares, registered in England and Wales, registration number 11329555. The registered office is 174 Tooting High Street, London, SW17 0RT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investments
Investments in shares are included at fair value.
Financial instruments
The company has elected to apply the provisions of section 11 ' Basic Financial Instruments' and section 12 'Other Financial Instruments issues' of FRS 102 to all of its financial instruments. Basic financial assets, which includes debtors, cash and bank balances, are initially measured a transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement consists a financing transaction, where the transaction is measured at the present valve of the future receipts discounted at market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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CONCEPT CAPITAL HOLDINGS LTD Notes to the Accounts for the year ended 30 April 2024
Taxation
The tax expenses represents the sum of the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further includes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 May 2023
13,720,000 
At 30 April 2024
13,720,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
72,110 
88,584 
Other debtors
3,399,339 
3,547,014 
3,471,449 
3,635,598 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
32,143 
52,142 
Taxes and social security
165,279 
137,594 
Other creditors
81,280 
40,724 
Loans from directors
35,740 
25,367 
Accruals
67,787 
62,361 
382,229 
318,188 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,652,110 
8,717,425 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000,000 Ordinary shares of £0.0001 each
100 
100 
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CONCEPT CAPITAL HOLDINGS LTD Notes to the Accounts for the year ended 30 April 2024
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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