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REGISTERED NUMBER: 11063711 (England and Wales)














Financial Statements

for the Year Ended 29 September 2024

for

Capital Life Group Limited

Capital Life Group Limited (Registered number: 11063711)

Contents of the Financial Statements
for the Year Ended 29 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Capital Life Group Limited

Company Information
for the Year Ended 29 September 2024







DIRECTOR: J A Elder





REGISTERED OFFICE: Deanway Tech 2
Suite G First Floor
Wilmslow Road
Handforth
SK9 3FB





REGISTERED NUMBER: 11063711 (England and Wales)





AUDITORS: SB&P
Chartered Accountants & Statutory Auditors
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Capital Life Group Limited (Registered number: 11063711)

Balance Sheet
29 September 2024

29.9.24 29.9.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 101 102

CURRENT ASSETS
Debtors 5 178,103 1,754,569

CREDITORS
Amounts falling due within one year 6 - 1,619,979
NET CURRENT ASSETS 178,103 134,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,204

134,692

CAPITAL AND RESERVES
Called up share capital 1 1
Present value reserve 7 (115,041 ) (95,433 )
Retained earnings 293,244 230,124
178,204 134,692

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:





J A Elder - Director


Capital Life Group Limited (Registered number: 11063711)

Notes to the Financial Statements
for the Year Ended 29 September 2024


1. STATUTORY INFORMATION

Capital Life Group 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.

These financial statements replace the original financial statements for the financial year 29 September 2023. These are now the statutory financial statements for that year. The revised financial statements have been prepared as at the date of the original financial statements, and not as at the date of the revision and accordingly do not deal with events between those dates.

A dividend from the subsidiary was not disclosed in the original financial statements, and nor was a dividend to the parent company.The dividend value on both transactions were equal.

Preparation of consolidated financial statements
The financial statements contain information about Capital Life Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 NIL (2023 - NIL).

Capital Life Group Limited (Registered number: 11063711)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 30 September 2023 102
Disposals (1 )
At 29 September 2024 101
NET BOOK VALUE
At 29 September 2024 101
At 29 September 2023 102

5. DEBTORS
29.9.24 29.9.23
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 43,889 1,550,000
Other debtors 43,478 54,160
87,367 1,604,160

Amounts falling due after more than one year:
Other debtors 90,736 150,409

Aggregate amounts 178,103 1,754,569

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.24 29.9.23
£    £   
Amounts owed to group undertakings - 1,555,103
Taxation and social security - 64,876
- 1,619,979

7. RESERVES
Present
value
reserve
£   
At 30 September 2023 (95,433 )
Movement in present value (19,608 )

At 29 September 2024 (115,041 )

Capital Life Group Limited (Registered number: 11063711)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024


8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Suzanne Draper FCCA ACA (Senior Statutory Auditor)
for and on behalf of SB&P