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REGISTERED NUMBER: 04043677 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Capesouth Limited

Capesouth Limited (Registered number: 04043677)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Capesouth Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Mrs J Spencer





SECRETARY:





REGISTERED OFFICE: 77 Loughborough Road
West Bridgford
Nottingham
NG2 7JX





REGISTERED NUMBER: 04043677 (England and Wales)





ACCOUNTANTS: Tim Allatson Limited
4 Brompton Way
West Bridgford
Nottingham
Nottinghamshire
NG2 7SU

Capesouth Limited (Registered number: 04043677)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Investment property 4 485,000 541,000

CURRENT ASSETS
Cash at bank 82,973 84,488

CREDITORS
Amounts falling due within one year 5 565 1,935
NET CURRENT ASSETS 82,408 82,553
TOTAL ASSETS LESS CURRENT
LIABILITIES

567,408

623,553

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 6 11,058 67,058
Retained earnings 556,250 556,395
SHAREHOLDERS' FUNDS 567,408 623,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2025 and were signed by:




Mrs J Spencer - Director


Capesouth Limited (Registered number: 04043677)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Capesouth 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.

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 Income Statement, 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 (2024 - NIL).

Capesouth Limited (Registered number: 04043677)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 541,000
Revaluations (56,000 )
At 31 March 2025 485,000
NET BOOK VALUE
At 31 March 2025 485,000
At 31 March 2024 541,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2019 16,058
Valuation in 2020 20,000
Valuation in 2023 31,000
Valuation in 2025 (56,000 )
Cost 473,942
485,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 473,942 473,942

The investment properties were valued on a fair value basis on 31 March 2025 by the Director from information available .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors - 1
Taxation and social security - 1,314
Other creditors 565 620
565 1,935

Capesouth Limited (Registered number: 04043677)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. RESERVES
Revaluation
reserve
£   
At 1 April 2024 67,058
Revaluation surplus in year (56,000 )

At 31 March 2025 11,058

7. RELATED PARTY DISCLOSURES

During the year a loan existed between the company and the director, Mrs J Spencer. The balance payable to Mrs J Spencer at 31 March 2025 was £nil (2024 £80). This amount is non interest bearing and repayable on demand.