Company Registration No. 11248026 (England and Wales)
Cape Ross Properties Ltd
Unaudited accounts
for the year ended 31 March 2025
Cape Ross Properties Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
135,000
130,000
Cash at bank and in hand
39,398
35,751
Creditors: amounts falling due within one year
(172,956)
(173,179)
Net current liabilities
(133,558)
(137,428)
Net assets/(liabilities)
1,442
(7,428)
Called up share capital
100
100
Profit and loss account
1,342
(7,528)
Shareholders' funds
1,442
(7,428)
For the year ending 31 March 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by
Mr David Smith
Director
Company Registration No. 11248026
Cape Ross Properties Ltd
Notes to the Accounts
for the year ended 31 March 2025
Cape Ross Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11248026. The registered office is 15 St Martins Avenue, Peverell, Plymouth, PL3 4QS, England.
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.
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:
Land & buildings
Not Depreciated
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
There are no restrictions to the realisability of the investment property or the remittance of income and proceeds of disposal. The company is obliged to carry out repairs and maintenance of the property.
Carrying value at 31 March 2024 : £130,000
Carrying value at 31 March 2025 : £135,000
Cape Ross Properties Ltd
Notes to the Accounts
for the year ended 31 March 2025
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Tangible fixed assets
Land & buildings
Cost or valuation
At valuation
All Investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
99,937
99,937
Loans from directors
72,719
72,407
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 2 (2024: 2).