Companies House 08056078 2025-03-31 2025-03-31 2024-04-01 false iso4217:GBP xbrli:pure 08056078 2023-04-01 2024-03-31 08056078 2025-03-31 08056078 2024-04-01 2025-03-31 08056078 2024-03-31 08056078 curr:PoundSterling 2024-04-01 2025-03-31 08056078 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08056078 uk-bus:FRS102 2024-04-01 2025-03-31 08056078 uk-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08056078 uk-bus:FullAccounts 2024-04-01 2025-03-31 08056078 uk-bus:RegisteredOffice 2024-04-01 2025-03-31 08056078 uk-bus:Director1 2024-04-01 2025-03-31 08056078 uk-bus:Director2 2024-04-01 2025-03-31 08056078 uk-bus:Director3 2024-04-01 2025-03-31 08056078 uk-bus:Director4 2024-04-01 2025-03-31 08056078 uk-bus:Director5 2024-04-01 2025-03-31 08056078 uk-bus:Director6 2024-04-01 2025-03-31 08056078 uk-bus:Director7 2024-04-01 2025-03-31 08056078 uk-bus:Director8 2024-04-01 2025-03-31 08056078 uk-bus:Director9 2024-04-01 2025-03-31 08056078 uk-bus:Director10 2024-04-01 2025-03-31 08056078 uk-bus:Director11 2024-04-01 2025-03-31 08056078 uk-bus:Director12 2024-04-01 2025-03-31 08056078 uk-bus:Director13 2024-04-01 2025-03-31 08056078 uk-bus:Director14 2024-04-01 2025-03-31 08056078 uk-bus:Director15 2024-04-01 2025-03-31 08056078 uk-bus:Director16 2024-04-01 2025-03-31 08056078 uk-bus:Director17 2024-04-01 2025-03-31 08056078 uk-bus:Director18 2024-04-01 2025-03-31 08056078 uk-bus:Director19 2024-04-01 2025-03-31 08056078 uk-bus:Director20 2024-04-01 2025-03-31 08056078 uk-bus:Director21 2024-04-01 2025-03-31 08056078 uk-bus:CompanySecretary1 2024-04-01 2025-03-31 08056078 core:AfterOneYear 2025-03-31 08056078 core:AfterOneYear 2024-03-31 08056078 core:WithinOneYear 2025-03-31 08056078 core:WithinOneYear 2024-03-31 08056078 core:WithinOneYear 2024-04-01 2025-03-31 08056078 core:AfterOneYear 2025-03-31 08056078 core:AfterOneYear 2024-03-31 08056078 core:AfterOneYear 2024-04-01 2025-03-31 08056078 core:ShareCapital 2025-03-31 08056078 core:ShareCapital 2024-03-31 08056078 core:SharePremium 2025-03-31 08056078 core:SharePremium 2024-03-31 08056078 core:OtherReservesSubtotal 2025-03-31 08056078 core:OtherReservesSubtotal 2024-03-31 08056078 core:RevaluationReserve 2025-03-31 08056078 core:RevaluationReserve 2024-03-31 08056078 core:RetainedEarningsAccumulatedLosses 2025-03-31 08056078 core:RetainedEarningsAccumulatedLosses 2024-03-31 08056078 1 2024-04-01 2025-03-31 08056078 2 2024-04-01 2025-03-31 08056078 3 2024-04-01 2025-03-31 08056078 core:LandBuildings 2024-04-01 2025-03-31 08056078 core:LandBuildings 2025-03-31 08056078 core:LandBuildings 2023-04-01 2024-03-31 08056078 core:LandBuildings 2024-03-31 08056078 core:PlantMachinery 2024-04-01 2025-03-31 08056078 core:PlantMachinery 2025-03-31 08056078 core:PlantMachinery 2023-04-01 2024-03-31 08056078 core:PlantMachinery 2024-03-31 08056078 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 08056078 core:FurnitureFittingsToolsEquipment 2025-03-31 08056078 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 08056078 core:FurnitureFittingsToolsEquipment 2024-03-31 08056078 core:OfficeEquipment 2024-04-01 2025-03-31 08056078 core:OfficeEquipment 2025-03-31 08056078 core:OfficeEquipment 2023-04-01 2024-03-31 08056078 core:OfficeEquipment 2024-03-31 08056078 core:Vehicles 2024-04-01 2025-03-31 08056078 core:Vehicles 2025-03-31 08056078 core:Vehicles 2023-04-01 2024-03-31 08056078 core:Vehicles 2024-03-31 08056078 core:NetGoodwill 2024-04-01 2025-03-31 08056078 core:NetGoodwill 2025-03-31 08056078 core:NetGoodwill 2023-04-01 2024-03-31 08056078 core:NetGoodwill 2024-03-31 08056078 core:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 08056078 core:IntangibleAssetsOtherThanGoodwill 2025-03-31 08056078 core:IntangibleAssetsOtherThanGoodwill 2023-04-01 2024-03-31 08056078 core:IntangibleAssetsOtherThanGoodwill 2024-03-31

# CAPSEL LIMITED

## Company Registration Number:
08056078 (England and Wales)

## Unaudited statutory accounts for the year ended 31 March 2025

## Period of accounts

## Start date: 1 April 2024

## End date: 31 March 2025

# CAPSEL LIMITED

## Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# CAPSEL LIMITED

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal activities of the company

Property construction, development and sales, estate agency services and photovoltaic panels

Political and charitable donations

nil

Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

Eleanor Bulmer
Geoffrey Hughes
Elgan Jones
John Miller

The director shown below has held office during the period of
1 April 2024 to 25 November 2024

Gwyndaf Tobias

The director shown below has held office during the period of
1 April 2024 to 28 May 2024

Karen Tarbox

The director shown below has held office during the period of
1 April 2024 to 3 April 2024

Alan Soper

The director shown below has held office during the period of
28 May 2024 to 31 March 2025

Christopher Kinsey

Secretary Julie Stone

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
10 September 2025

And signed on behalf of the board by:
Name: Christopher Kinsey
Status: Director

# CAPSEL LIMITED

## Profit And Loss Account

for the Period Ended 31 March 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 3,128,000 | 2,035,000
Cost of sales: | ( 2,996,000 ) | ( 1,814,000 )
Gross profit(or loss): | 132,000 | 221,000
Distribution costs: | 0 | 0
Administrative expenses: | ( 20,000 ) | ( 52,000 )
Other operating income: | 0 | 0
Operating profit(or loss): | 112,000 | 169,000
Interest receivable and similar income: | 2,000 | 0
Interest payable and similar charges: | ( 177,000 ) | ( 199,000 )
Profit(or loss) before tax: | (63,000) | (30,000)
Tax: | 10,000 | 7,000
Profit(or loss) for the financial year: | (53,000) | (23,000)

# CAPSEL LIMITED

## Balance sheet

As at 31 March 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 0 | 0
Fixed assets
Intangible assets: |  | 0 | 0
Tangible assets: | 3 | 1,720,000 | 1,909,000
Investments: |  | 0 | 0
Total fixed assets: |  | 1,720,000 | 1,909,000
Current assets
Stocks: | 4 | 2,833,000 | 3,108,000
Debtors: | 5 | 515,000 | 504,000
Cash at bank and in hand: |  | 658,000 | 583,000
Investments: |  | 0 | 0
Total current assets: |  | 4,006,000 | 4,195,000
Prepayments and accrued income: |  | 0 | 0
Creditors: amounts falling due within one year: | 6 | ( 667,000 ) | ( 698,000 )
Net current assets (liabilities): |  | 3,339,000 | 3,497,000
Total assets less current liabilities: |  | 5,059,000 | 5,406,000
Creditors: amounts falling due after more than one year: | 7 | ( 4,840,000 ) | ( 5,134,000 )
Provision for liabilities: |  | 0 | 0
Accruals and deferred income: |  | 0 | 0
Total net assets (liabilities): |  | 219,000 | 272,000
Capital and reserves
Called up share capital: |  | 1 | 1
Share premium account: |  | 0 | 0
Other reserves: |  | 0 | 0
Profit and loss account: |  | 218,999 | 271,999
Total Shareholders' funds: |  | 219,000 | 272,000

The notes form part of these financial statements

# CAPSEL LIMITED

## Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 10 September 2025
and signed on behalf of the board by:

Name: Christopher Kinsey
Status: Director

The notes form part of these financial statements

# CAPSEL LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  The revenue and profit before taxation are attributable to the principal activities of the company. Revenue has been derived from the company’s activities wholly undertaken in the United Kingdom, is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. Revenue relating to sale of properties is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on legal completion of the sale. Revenue from services is recognised on completion of the service and the Company becomes entitled to payment. Revenue from photovoltaic panels is recognised on the basis of the feed-in-tariff receivable for the period.

  Tangible fixed assets depreciation policy

  Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

  Intangible fixed assets amortisation policy

  Amortisation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

  Other accounting policies

  Finance lease commitments Operating leases Inventory Tax Key judgements and estimates

# CAPSEL LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 5 | 6

# CAPSEL LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 April 2024 |  | 3,797,000 |  |  |  | 3,797,000
Additions |  | 4,000 |  |  |  | 4,000
Disposals |  | 0 |  |  |  | 0
Revaluations |  | 0 |  |  |  | 0
Transfers |  | 0 |  |  |  | 0
At 31 March 2025 |  | 3,801,000 |  |  |  | 3,801,000
Depreciation |  |  |  |  |  |
At 1 April 2024 |  | 1,888,000 |  |  |  | 1,888,000
Charge for year |  | 193,000 |  |  |  | 193,000
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 31 March 2025 |  | 2,081,000 |  |  |  | 2,081,000
Net book value |  |  |  |  |  |
At 31 March 2025 |  | 1,720,000 |  |  |  | 1,720,000
At 31 March 2024 |  | 1,909,000 |  |  |  | 1,909,000

# CAPSEL LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 4. Stocks

| 2025 | 2024
--- | --- | ---
| £ | £
Stocks | 2,833,000 | 3,108,000
Total | 2,833,000 | 3,108,000

# CAPSEL LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 5. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 515,000 | 504,000
Total | 515,000 | 504,000

# CAPSEL LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 6. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Trade creditors | 652,000 | 693,000
Taxation and social security | 15,000 | 5,000
Total | 667,000 | 698,000

# CAPSEL LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 7. Creditors: amounts falling due after more than one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Amounts due under finance leases and hire purchase contracts | 1,840,000 | 2,034,000
Other creditors | 3,000,000 | 3,100,000
Total | 4,840,000 | 5,134,000

# CAPSEL LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 8. Financial Commitments

The finance lease from the parent company is a 22-year lease bearing interest at 2.75% per annum on a reducing balance basis. Repayments are made quarterly. The long - term loan refers to Facility A: interest rate SONIA +1.5% (minimum 3%), final repayment date is on the fifth anniversary or on the date falling 18 months from the date of practical completion of the final Unit on the relevant Development.