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Registration number: 13119285

Cabal Capital Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Cabal Capital Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 7

 

Cabal Capital Ltd

(Registration number: 13119285)
Statement of Financial Position as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

13,071

1,525

Investment property

5

2,178,500

1,196,893

 

2,191,571

1,198,418

Current assets

 

Debtors

6

7,738

1,630

Cash at bank and in hand

 

87,585

101,483

 

95,323

103,113

Creditors: Amounts falling due within one year

7

(722,600)

(722,694)

Net current liabilities

 

(627,277)

(619,581)

Total assets less current liabilities

 

1,564,294

578,837

Creditors: Amounts falling due after more than one year

7

(1,259,939)

(609,270)

Provisions for liabilities

(76,027)

-

Net assets/(liabilities)

 

228,328

(30,433)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

228,228

(30,533)

Shareholders' funds/(deficit)

 

228,328

(30,433)

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 28 May 2025
 


The Hon E G Clifford
Director

 

Cabal Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
47 Helix Road
London
SW2 2JR

Principal activity

The principal activity of the company is that of a property investment company

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Cabal Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% reducing balance

Fixtures, fittings and equipment

15% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

 

Cabal Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

 

Cabal Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

4

Tangible assets

Fixtures and fittings
£

Computer equipment
£

Total
£

Cost or valuation

At 1 February 2024

966

1,249

2,215

Additions

13,935

-

13,935

At 31 January 2025

14,901

1,249

16,150

Depreciation

At 1 February 2024

144

546

690

Charge for the year

2,213

176

2,389

At 31 January 2025

2,357

722

3,079

Carrying amount

At 31 January 2025

12,544

527

13,071

At 31 January 2024

822

703

1,525

5

Investment properties

2025
£

At 1 February

1,196,893

Additions

550,344

Fair value adjustments

431,263

At 31 January

2,178,500

Investment properties were revalued at 31 January 2025.

There has been no valuation of investment property by an independent valuer.

6

Debtors

2025
£

2024
£

Trade debtors

1,868

-

Prepayments

5,870

1,630

7,738

1,630

 

Cabal Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Loans and borrowings

95,689

29,269

Trade creditors

5,146

-

Accruals and deferred income

3,348

4,020

Other creditors

618,417

689,405

722,600

722,694


Creditors include bank loans and overdrafts which are secured on the properties.

Interest rates are charged at rates between 4.74% and 8%.

Creditors: amounts falling due after more than one year

2025
£

2024
£

Loans and borrowings

1,259,939

609,270

2025
£

2024
£

Due after more than five years

After more than five years by instalments

1,259,939

609,270

£0.00

£0.00

Creditors include bank loans and overdrafts which are secured on the properties.

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses, within this reserve are non distributable reserves of £323,447 after adjusting for the revaluation of investment properties and associated deferred tax.

 

Cabal Capital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

9

Related party transactions

Transactions with the director

2025

At 1 February 2024
£

Advances to director
£

Repayments by director
£

At 31 January 2025
£

Director

(689,405)

90,988

(20,000)

(618,417)

         
       

 

2024

At 1 February 2023
£

Advances to director
£

Repayments by director
£

At 31 January 2024
£

Director

(731,020)

41,615

-

(689,405)