Company Registration number: SC035069

Capocci Man Limited (The)

Contents

Pages

Balance sheet	1 to 2
Notes to the financial statements	3 to 6

Capocci Man Limited (The)

Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,946	6,805
Investment property	5	500,000	-
Other financial assets		472,020	357,479
		973,966	364,284
Current assets
Debtors	6	158	-
Cash at bank and in hand		412,484	415,190
		412,642	415,190
Creditors: Amounts falling due within one year	7	(51,897)	(60,097)
Net current assets		360,745	355,093
Total assets less current liabilities		1,334,711	719,377
Provisions for liabilities		(135,448)	-
Net assets		1,199,263	719,377
Capital and reserves
Called up share capital		6,000	6,000
Retained earnings		1,193,263	713,377
Shareholders' funds		1,199,263	719,377

Capocci Man Limited (The)

Balance Sheet as at 31 March 2025 (continued)

For the financial 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.

Directors' 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 directors acknowledge 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Company registration number: SC035069

Approved and authorised by the Board on 21 August 2025 and signed on its behalf by:
 

......................................... Mr E V Capocci Director

Capocci Man Limited (The)

Notes to the financial statements for the Year Ended 31 March 2025

1	GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
27 Flowerhill Street
Airdrie
ML6 6AP

These financial statements were authorised for issue by the Board on 21 August 2025.

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. Monetary amounts in these financial statements are rounded to the nearest £.

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. Actual results may differ from these estimates.

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 sales/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.

Capocci Man Limited (The)

Notes to the financial statements for the Year Ended 31 March 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 balance sheet 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
Plant and machinery	20% reducing balance

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.

Capocci Man Limited (The)

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3	STAFF NUMBERS

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	TANGIBLE ASSETS

	Land and buildings £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	-	62,433	62,433
At 31 March 2025	-	62,433	62,433
Depreciation
At 1 April 2024	-	60,000	60,000
Charge for the year	-	487	487
At 31 March 2025	-	60,487	60,487
Carrying amount
At 31 March 2025	-	1,946	1,946
At 31 March 2024	4,372	2,433	6,805

Included within the net book value of land and buildings above is £Nil (2024 - £4,372) in respect of freehold land and buildings.
 

Capocci Man Limited (The)

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

5	INVESTMENT PROPERTIES

	2025 £
At 1 April	4,372
Fair value adjustments	495,628
At 31 March	500,000

The investment properties were independently revalued as at 31 March 2025 by DM Hall Chartered Surveyors. The carrying amount of the investment properties is £500,000. DM Hall Chartered Surveyors consider this to be the fair value of the properties.

6

DEBTORS

Current	2025 £	2024 £
Other debtors	158	-
	158	-

7

CREDITORS

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	-	1,155
Accruals and deferred income	11,103	10,258
Amounts due to related parties	40,794	48,684
	51,897	60,097