REGISTERED NUMBER: 09973978 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CAPFIELD UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

D G Summerfield

J Summerfield

REGISTERED OFFICE:

Ashley Moor Hall

Orleton

Ludlow

Shropshire

SY8 4JJ

REGISTERED NUMBER:

09973978 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. Limited

Chartered Accountants

Number 5

The Business Quarter

Eco Park Road

Ludlow

Shropshire

SY8 1FD

FIXED ASSETS

Investments

5

959,357

909,283

Investment property

6

1,485,950

1,485,950

2,445,307

2,395,233

CURRENT ASSETS

Debtors

7

54,279

85,721

Cash at bank

564,664

588,485

618,943

674,206

CREDITORS

Amounts falling due within one year

8

133,996

153,871

NET CURRENT ASSETS

484,947

520,335

TOTAL ASSETS LESS CURRENT LIABILITIES

2,930,254

2,915,568

CREDITORS

Amounts falling due after more than one year

9

3,003,150

2,962,634

NET LIABILITIES

(72,896

)

(47,066

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(72,996

)

(47,166

)

(72,896

)

(47,066

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by:

D G Summerfield - Director

1.	STATUTORY INFORMATION

Capfield UK 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.	STATEMENT OF COMPLIANCE

The financial statements have been prepared in accordance with the provision of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention except that as disclosed in the accounting policies certain items are shown at their fair value.

The accounts are for the individual entity only.

The financial statements are presented in sterling (£), rounded to the nearest £1.

Rental income

Rental income is included net of VAT, this income is accounted for on an accruals basis.

Foreign income and costs policy

Loan interest receivable is recognised using the simple interest rate method.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible assets are stated at cost, less any subsequent accumulated depreciation and accumulated impairment losses.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments

Investments in listed shares are shown in the balance sheet at market value. Realised and unrealised investment gains and losses are recognised in the profit and loss account in the period in which they occur.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial

instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and

subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5.	FIXED ASSET INVESTMENTS

31.12.24

31.12.23

£

£

Other investments not loans

959,357

909,283

Additional information is as follows:

Other

investments

£

COST OR VALUATION

At 1 January 2024

909,283

Additions

966,286

Disposals

(923,140

)

Revaluations

6,928

At 31 December 2024

959,357

NET BOOK VALUE

At 31 December 2024

959,357

At 31 December 2023

909,283

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2024

6,928

Cost

952,429

959,357

Investments (neither listed nor unlisted) were as follows:

31.12.24

31.12.23

£

£

Cost brought forward

-

2,099,093

Additions

-

104,499

Disposals

-

(2,099,093

)

Repayments

-

(104,499

)

-

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,485,950

NET BOOK VALUE

At 31 December 2024

1,485,950

At 31 December 2023

1,485,950

The company's investment properties are included in the financial statements at cost which, in the opinion of the directors, approximated to its fair value.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

22,726

53,255

Other debtors

505

21

Prepayments and accrued income

31,048

32,445

54,279

85,721

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

22,791

5,157

Tax

-

505

Social security and other taxes

25,836

25,195

Other creditors

5,648

52,894

Amounts owed to group

-

600

Accruals and deferred income

79,721

69,520

133,996

153,871

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other loans - 2-5 years

3,003,150

2,962,634

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is James Summerfield by virtue of his 100% shareholding in Yamell Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Capfield UK Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Capfield UK Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Capfield UK Limited and state those matters that we have agreed to state to the Board of Directors of Capfield UK Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Capfield UK Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Capfield UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Capfield UK Limited. You consider that Capfield UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Capfield UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D.R.E. & Co. Limited

Chartered Accountants

Number 5

The Business Quarter

Eco Park Road

Ludlow

Shropshire

SY8 1FD

11 September 2025