REGISTERED NUMBER: 10001725 (England and Wales)

CAPITAL PHARMA LIMITED

Audited Financial Statements for the Year Ended 28 February 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R E Sobol

REGISTERED OFFICE:

10th Floor

60 Church Street

Birmingham

West Midlands

B3 2DJ

REGISTERED NUMBER:

10001725 (England and Wales)

AUDITORS:

Michael Dufty Partnership Limited

Statutory Auditors

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

CURRENT ASSETS

Debtors

5

1,000

1,017

Cash at bank

256

571

1,256

1,588

CREDITORS

Amounts falling due within one year

6

179,028

171,503

NET CURRENT LIABILITIES

(177,772

)

(169,915

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(177,772

)

(169,915

)

CREDITORS

Amounts falling due after more than one year

7

25,009

30,519

NET LIABILITIES

(202,781

)

(200,434

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(203,781

)

(201,434

)

SHAREHOLDERS' FUNDS

(202,781

)

(200,434

)

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 director and authorised for issue on 1 October 2025 and were signed by:

R E Sobol - Director

1.	STATUTORY INFORMATION

Capital Pharma 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Assets are stated at bought in cost.

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Going concern

These financial statements have been prepared on a going concern basis.

The company retains the continued support of group companies, including parent company Jarell Limited which is supported by the groups banking facilities. Therefore the directors believe a going concern basis is appropriate.

Factoring arrangements

The company has entered into a confidential invoice discounting arrangement in order to assist with cash management and day to day working capital requirements. Debts approved by the factor company are assigned with recourse. Debtors are reflected gross within current assets, with the related factoring advance reflected gross within current liabilities

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

and 28 February 2025

3,550

DEPRECIATION

At 1 March 2024

and 28 February 2025

3,550

NET BOOK VALUE

At 28 February 2025

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,000

1,017

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,511

5,374

Trade creditors

87

479

Amounts owed to group undertakings

170,415

162,414

Taxation and social security

190

181

Other creditors

2,825

3,055

179,028

171,503

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

25,009

30,519

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

7,628

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bounce Back Loan

30,520

35,894

The factoring liability is secured on debts to which the arrangement relates and an all asset debenture. The funding is subject to an overall borrowing limit of £3,900,000. This is a shared facility with other group companies.

The bank loan has a fixed interest rate of 2.5% over a 10 year term ending May 2030. The loan is secured via a government guarantee.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Arran Jones FCCA (Senior Statutory Auditor)

for and on behalf of Michael Dufty Partnership Limited

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R E Sobol.

Mr Sobol is the ultimate controlling party by virtue of his majority shareholding in the parent company, Jarell Limited.