Company registration number 08493306 (England and Wales)
CAPELLE UK LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
CAPELLE UK LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
CAPELLE UK LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
Fixed assets
Tangible assets
4
14,096
22,903
Current assets
Debtors
5
453,320
615,981
Cash at bank and in hand
121,327
258,886
574,647
874,867
Creditors: amounts falling due within one year
6
(3,471,928)
(3,404,053)
Net current liabilities
(2,897,281)
(2,529,186)
Net liabilities
(2,883,185)
(2,506,283)
Capital and reserves
Called up share capital
7
29,747
29,747
Profit and loss reserves
(2,912,932)
(2,536,030)
Total equity
(2,883,185)
(2,506,283)

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 29 August 2025 and are signed on its behalf by:
Mr  Jean-Daniel  Capelle
Director
Company registration number 08493306 (England and Wales)
CAPELLE UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Capelle UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Manor Lane, Hawarden, Deeside, PR5 4QB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

On 1 January 2022 the company’s accounting function was transferred to its parent company, based in France.  Since that date, all of the company’s accounting records have been maintained in Euros, which is the functional currency of the Group.  The accounts of Capelle UK are consolidated into the accounts of the parent company, Capelle Investissement SA, who report in Euros. The company’s operations are closely linked to the operations of the parent company and the Group, and a significant proportion of the company’s customer and supplier invoices are rendered in Euros.  The directors therefore considered it appropriate to prepare the financial statements in Euros.

 

Monetary amounts in these financial statements are rounded to the nearest € (2023: €).

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

1.2
Going concern

The company is reliant upon the continued financial support of its parent company and the directors have no reason to believe that this support will not continue. Accordingly the directors believe that it is appropriate to prepare the accounts on a going concern basis.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

CAPELLE UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% on cost
Motor vehicles
20% on cost and in accordance with the lease

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

 

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

CAPELLE UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.10
Foreign exchange

Transactions in currencies other than euros are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
12
11
4
Tangible fixed assets
Computers
Motor vehicles
Total
Cost
At 1 January 2024
1,485
68,905
70,390
Additions
4,133
-
0
4,133
At 31 December 2024
5,618
68,905
74,523
Depreciation and impairment
At 1 January 2024
715
46,773
47,488
Depreciation charged in the year
1,873
11,066
12,939
At 31 December 2024
2,588
57,839
60,427
Carrying amount
At 31 December 2024
3,030
11,066
14,096
At 31 December 2023
771
22,132
22,903
CAPELLE UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
5
Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
190,193
357,485
Other debtors
220,806
220,592
Prepayments and accrued income
42,321
37,904
453,320
615,981

 

6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
247,734
352,437
Amounts owed to group undertakings
3,199,389
2,985,058
Taxation and social security
-
0
19,058
Accruals and deferred income
24,805
47,500
3,471,928
3,404,053
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
Issued and fully paid
of €1.19 each
25,000
25,000
29,747
29,747
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

Senior Statutory Auditor:
Susan Harris MA ACA
Statutory Auditor:
Champion Accountants LLP
Date of audit report:
29 August 2025
CAPELLE UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
165,882
276,286
11
Directors' transactions

Included in Trade Debtors is an amount due from a director of €3,509 (2023: €69). This balance is free from interest and is expected to be repaid within 9 months of the year end.

12
Parent company

The controlling party is Capelle Investissements SA.

 

Financial statements of Capelle Investissements SA, a company incorporated in France may be obtained from the company secretary at Cite technologique du Mas David, 30360 VEZENOBRES, France.

 

By virtue of his beneficial shareholding in Capelle Investissements SA, Mr J-D Capelle is the ultimate controlling party of Capelle UK Limited.

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