Company Registration No. 11328550 (England and Wales)
Concept Capital Investments Ltd
Unaudited accounts
for the year ended 30 April 2024
Concept Capital Investments Ltd
Statement of financial position
as at 30 April 2024
Investment property
1,730,965
1,730,965
Cash at bank and in hand
6,762
23,540
Creditors: amounts falling due within one year
(25,469)
(22,718)
Net current assets
13,574
7,974
Total assets less current liabilities
1,744,539
1,738,939
Creditors: amounts falling due after more than one year
(1,718,978)
(1,726,590)
Called up share capital
100
100
Profit and loss account
25,461
12,249
Shareholders' funds
25,561
12,349
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 director acknowledges his 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 and authorised for issue on 29 April 2025 and were signed on its behalf by
Areeb Azam
Director
Company Registration No. 11328550
Concept Capital Investments Ltd
Notes to the Accounts
for the year ended 30 April 2024
Concept Capital Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 11328550. 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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 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.
Concept Capital Investments Ltd
Notes to the Accounts
for the year ended 30 April 2024
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fair value at 1 May 2023
1,730,965
At 30 April 2024
1,730,965
Amounts falling due within one year
Other debtors
32,110
5,254
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,767
2,874
Other creditors
5,000
9,130
Loans from directors
6,986
6,986
Deferred income
1,900
1,728
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
964,765
972,377
Other creditors
754,213
754,213
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).