Company Registration No. 00851700 (England and Wales)
CAPE ESTATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
Celixir House
Stratford Business & Technology Park
Innovation Way, Banbury Road
Stratford-upon-Avon
Warwickshire
United Kingdom
CV37 7GZ
CAPE ESTATES LIMITED
CONTENTS
Page
Company information
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
CAPE ESTATES LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,557
3,634
Investment property
4
650,000
1,345,000
Investments
5
3,343
2,741
655,900
1,351,375
Current assets
Debtors
6
16,991
23,850
Cash at bank and in hand
50,172
-
0
67,163
23,850
Creditors: amounts falling due within one year
7
(11,690)
(127,982)
Net current assets/(liabilities)
55,473
(104,132)
Total assets less current liabilities
711,373
1,247,243
Creditors: amounts falling due after more than one year
8
-
0
(512,187)
Provisions for liabilities
13,134
3,627
Net assets
724,507
738,683
Capital and reserves
Called up share capital
10,020
10,020
Other reserves
108,281
345,972
Profit and loss reserves
606,206
382,691
Total equity
724,507
738,683
CAPE ESTATES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2025
28 February 2025
- 2 -

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

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 3 November 2025 and are signed on its behalf by:
Mr P D Griffin
Director
Company registration number 00851700 (England and Wales)
CAPE ESTATES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
Share capital
Other reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 March 2023
10,020
396,972
374,345
781,337
Year ended 28 February 2024:
Loss and total comprehensive income
-
-
(42,654)
(42,654)
Transfers
-
-
51,000
51,000
Other movements
-
(51,000)
-
(51,000)
Balance at 28 February 2024
10,020
345,972
382,691
738,683
Year ended 28 February 2025:
Loss and total comprehensive income
-
-
(7,976)
(7,976)
Dividends
-
-
(6,200)
(6,200)
Transfers
-
(227,691)
237,691
10,000
Revaluation movement
-
(10,000)
-
(10,000)
Balance at 28 February 2025
10,020
108,281
606,206
724,507
CAPE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 4 -
1
Accounting policies
Company information

Cape Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is Celixir House, Stratford Business & Technology Park, Innovation Way, Banbury Road, Stratford-upon-Avon, Warwickshire, United Kingdom, CV37 7GZ.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
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.

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:

Fixtures and fittings
10% reducing balance
Computers
15% reducing balance

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.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

CAPE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 5 -

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

CAPE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

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

2025
2024
Number
Number
Total
2
2
CAPE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 7 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 29 February 2024
7,505
1,735
9,240
Additions
-
0
399
399
Disposals
(3,551)
-
0
(3,551)
At 28 February 2025
3,954
2,134
6,088
Depreciation and impairment
At 29 February 2024
4,608
998
5,606
Depreciation charged in the year
171
115
286
Eliminated in respect of disposals
(2,361)
-
0
(2,361)
At 28 February 2025
2,418
1,113
3,531
Carrying amount
At 28 February 2025
1,536
1,021
2,557
At 28 February 2024
2,897
737
3,634
4
Investment property
2025
£
Fair value
At 29 February 2024
1,345,000
Disposals
(685,000)
Revaluations
(10,000)
At 28 February 2025
650,000

The original cost of the property was £1,003,563.

5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
3,343
2,741
Fixed asset investments revalued
CAPE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
5
Fixed asset investments
(Continued)
- 8 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 29 February 2024
2,741
Valuation changes
602
At 28 February 2025
3,343
Carrying amount
At 28 February 2025
3,343
At 28 February 2024
2,741
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,500
3,500
Other debtors
13,491
20,350
16,991
23,850
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
0
27,740
Trade creditors
-
0
720
Taxation and social security
5,096
10,427
Other creditors
6,594
89,095
11,690
127,982
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
512,187
2025-02-28 2024-02-29 false false false 03 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr Philip D Griffin Mrs Fiona Griffin Mr P D Griffin 00851700 2024-02-29 2025-02-28 00851700 2025-02-28 00851700 2024-02-28 00851700 core:FurnitureFittings 2025-02-28 00851700 core:ComputerEquipment 2025-02-28 00851700 core:FurnitureFittings 2024-02-28 00851700 core:ComputerEquipment 2024-02-28 00851700 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 00851700 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 00851700 core:Non-currentFinancialInstruments core:AfterOneYear 2025-02-28 00851700 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-28 00851700 core:CurrentFinancialInstruments 2025-02-28 00851700 core:CurrentFinancialInstruments 2024-02-28 00851700 core:ShareCapital 2025-02-28 00851700 core:ShareCapital 2024-02-28 00851700 core:OtherMiscellaneousReserve 2025-02-28 00851700 core:OtherMiscellaneousReserve 2024-02-28 00851700 core:RetainedEarningsAccumulatedLosses 2025-02-28 00851700 core:RetainedEarningsAccumulatedLosses 2024-02-28 00851700 core:ShareCapital 2023-02-28 00851700 core:RetainedEarningsAccumulatedLosses 2023-02-28 00851700 bus:CompanySecretaryDirector1 2024-02-29 2025-02-28 00851700 core:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-28 00851700 2023-03-01 2024-02-28 00851700 core:RetainedEarningsAccumulatedLosses 2024-02-29 2025-02-28 00851700 core:FurnitureFittings 2024-02-29 2025-02-28 00851700 core:ComputerEquipment 2024-02-29 2025-02-28 00851700 core:FurnitureFittings 2024-02-28 00851700 core:ComputerEquipment 2024-02-28 00851700 2024-02-28 00851700 core:Non-currentFinancialInstruments 2025-02-28 00851700 core:Non-currentFinancialInstruments 2024-02-28 00851700 bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 00851700 bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 00851700 bus:FRS102 2024-02-29 2025-02-28 00851700 bus:AuditExemptWithAccountantsReport 2024-02-29 2025-02-28 00851700 bus:Director1 2024-02-29 2025-02-28 00851700 bus:Director2 2024-02-29 2025-02-28 00851700 bus:CompanySecretary1 2024-02-29 2025-02-28 00851700 bus:FullAccounts 2024-02-29 2025-02-28 xbrli:pure xbrli:shares iso4217:GBP