IRIS Accounts Production v25.1.0.734 09523763 director 1.8.23 31.7.24 31.7.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095237632023-07-31095237632024-07-31095237632023-08-012024-07-31095237632022-07-31095237632022-08-012023-07-31095237632023-07-3109523763ns15:EnglandWales2023-08-012024-07-3109523763ns14:PoundSterling2023-08-012024-07-3109523763ns10:Director12023-08-012024-07-3109523763ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3109523763ns10:SmallEntities2023-08-012024-07-3109523763ns10:AuditExemptWithAccountantsReport2023-08-012024-07-3109523763ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3109523763ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3109523763ns10:AbridgedAccounts2023-08-012024-07-3109523763ns10:RegisteredOffice2023-08-012024-07-3109523763ns5:CurrentFinancialInstruments2024-07-3109523763ns5:CurrentFinancialInstruments2023-07-3109523763ns5:Non-currentFinancialInstruments2024-07-3109523763ns5:Non-currentFinancialInstruments2023-07-3109523763ns5:ShareCapital2024-07-3109523763ns5:ShareCapital2023-07-3109523763ns5:RevaluationReserve2024-07-3109523763ns5:RevaluationReserve2023-07-3109523763ns5:PlantMachinery2023-08-012024-07-3109523763ns5:DeferredTaxation2023-07-3109523763ns5:DeferredTaxation2024-07-3109523763ns5:RevaluationReserve2023-07-31
REGISTERED NUMBER: 09523763 (England and Wales)




























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

CAPITAL ESTATES EUROPE LIMITED

CAPITAL ESTATES EUROPE LIMITED (REGISTERED NUMBER: 09523763)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

CAPITAL ESTATES EUROPE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Dr D Sevir





REGISTERED OFFICE: Suite 204 Ashton Old Baths
Stamford Street West
Ashton under Lyne
Lancashire
OL6 7FW





REGISTERED NUMBER: 09523763 (England and Wales)





ACCOUNTANTS: Hanley & Co
Chartered Accountants
Suite 204 Ashton Old Baths
Stamford Street West
Ashton-under-Lyne
Lancashire
OL6 7FW

CAPITAL ESTATES EUROPE LIMITED (REGISTERED NUMBER: 09523763)

ABRIDGED BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 36,277 10,747
Investment property 5 750,025 269,925
786,302 280,672

CURRENT ASSETS
Debtors 3,820 2,292
Cash at bank 5,190 97,634
9,010 99,926
CREDITORS
Amounts falling due within one year 5,037 6,387
NET CURRENT ASSETS 3,973 93,539
TOTAL ASSETS LESS CURRENT
LIABILITIES

790,275

374,211

CREDITORS
Amounts falling due after more than one
year

(708,823

)

(282,062

)

PROVISIONS FOR LIABILITIES 6 (13,568 ) (13,568 )
NET ASSETS 67,884 78,581

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 7 57,841 57,841
Retained earnings 10,042 20,739
SHAREHOLDERS' FUNDS 67,884 78,581

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CAPITAL ESTATES EUROPE LIMITED (REGISTERED NUMBER: 09523763)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 May 2025 and were signed by:





Dr D Sevir - Director


CAPITAL ESTATES EUROPE LIMITED (REGISTERED NUMBER: 09523763)

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

1. STATUTORY INFORMATION

Capital Estates Europe 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 as modified by the revaluation of certain assets.

Turnover
Revenue 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.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and in accordance with the property

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 Statement of Income 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.

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 1 (2023 - NIL ) .

CAPITAL ESTATES EUROPE LIMITED (REGISTERED NUMBER: 09523763)

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

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 August 2023 11,446
Additions 26,053
At 31 July 2024 37,499
DEPRECIATION
At 1 August 2023 699
Charge for year 523
At 31 July 2024 1,222
NET BOOK VALUE
At 31 July 2024 36,277
At 31 July 2023 10,747

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 280,000
Additions 485,174
At 31 July 2024 765,174
DEPRECIATION
At 1 August 2023 10,075
Charge for year 5,074
At 31 July 2024 15,149
NET BOOK VALUE
At 31 July 2024 750,025
At 31 July 2023 269,925

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2023 71,408
Cost 693,766
765,174

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 693,766 208,592

Fixed asset investments were valued on an open market basis on 31 July 2023 by the director, Mr D Sevir .

CAPITAL ESTATES EUROPE LIMITED (REGISTERED NUMBER: 09523763)

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

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 13,568 13,568

Deferred
tax
£   
Balance at 1 August 2023 13,568
Revaluation of property
Balance at 31 July 2024 13,568

7. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 57,841

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Creditors: amounts falling due after one year - includes interest free directors loan of £708,823 (2023 £281,882)

9. TAXATION

Tax on profits: 2024 2023
£ £
Corporation Tax (1,427 ) 1,997
Deferred Tax On Property Revaluation - 13,568
(1,427 ) 15,565

10. RETAINED PROFITS MOVEMENT


Profit & Loss
Reserve

Revaluation
Reserve


Total
£ £ £
LOSS BEFORE TAXATION (12,124 ) - (12,124 )
Tax refund due to Loss 1,427 - 1,427
Deferred Tax - - -
Dividends - - -
RETAINED LOSSES FOR YEAR (10,697 ) - (10,697 )

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CAPITAL ESTATES EUROPE LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Capital Estates Europe Limited for the year ended 31 July 2024 which comprise the Abridged Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Capital Estates Europe Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Capital Estates Europe Limited and state those matters that we have agreed to state to the director of Capital Estates Europe Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Capital Estates Europe Limited and its director for our work or for this report.

It is your duty to ensure that Capital Estates Europe Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Capital Estates Europe Limited. You consider that Capital Estates Europe Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Capital Estates Europe Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hanley & Co
Chartered Accountants
Suite 204 Ashton Old Baths
Stamford Street West
Ashton-under-Lyne
Lancashire
OL6 7FW


5 May 2025