| Capital H Catering & Leisure Equipment Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold buildings |
2% straight line |
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Leasehold land and buildings |
over the lease term |
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Fixtures, fittings, tools and equipment |
20% reducing balance |
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Investment properties |
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Investment properties, which are properties held to earn rentals and/or for capital appreciation, are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. |
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Stocks |
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Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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Leased assets |
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Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
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Average number of persons employed by the company |
13 |
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11 |
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| 3 |
Intangible fixed assets |
£ |
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Goodwill: |
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Cost |
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At 1 April 2024 |
15,000 |
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At 31 March 2025 |
15,000 |
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Amortisation |
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At 31 March 2025 |
- |
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Net book value |
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At 31 March 2025 |
15,000 |
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At 31 March 2024 |
15,000 |
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Goodwill is not being written off as yet. |
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| 4 |
Tangible fixed assets |
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Land and buildings |
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Fixtures, fittings, tools and equipment |
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Motor vehicles |
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Total |
| £ |
£ |
£ |
£ |
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Cost |
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At 1 April 2024 |
1,619,159 |
|
197,729 |
|
89,905 |
|
1,906,793 |
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Additions |
- |
|
- |
|
18,637 |
|
18,637 |
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At 31 March 2025 |
1,619,159 |
|
197,729 |
|
108,542 |
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1,925,430 |
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Depreciation |
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At 1 April 2024 |
71,377 |
|
177,844 |
|
77,719 |
|
326,940 |
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Charge for the year |
10,196 |
|
3,977 |
|
6,165 |
|
20,338 |
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At 31 March 2025 |
81,573 |
|
181,821 |
|
83,884 |
|
347,278 |
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Net book value |
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At 31 March 2025 |
1,537,586 |
|
15,908 |
|
24,658 |
|
1,578,152 |
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At 31 March 2024 |
1,547,782 |
|
19,885 |
|
12,186 |
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1,579,853 |
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The building portion of the property is estimated at £800,000 and depreciated at 2% straight line basis.
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| 5 |
Investment properties |
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Cost |
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At 1 April 2024 |
1,200,000 |
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Additions |
- |
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Revaluation |
- |
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Disposals |
- |
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At 31 March 2025 |
1,200,000 |
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The company's investment property was valued by the director based on his understanding of property market conditions and derived from current market rents and investment property yields for comparable real estate, adjusted if necessary for any differences in the nature, location or condition of the specific assets. |
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| 6 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
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Trade debtors |
20,728 |
|
69,786 |
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Other debtors |
34,452 |
|
3,414 |
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55,180 |
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73,200 |
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| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
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Trade creditors |
107,832 |
|
77,872 |
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Corporation tax |
145,530 |
|
138,291 |
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Other taxes and social security costs |
17,165 |
|
12,555 |
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Other creditors |
971,891 |
|
1,203,929 |
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1,242,418 |
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1,432,647 |
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| 8 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
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At 1 April 2024 |
278,569 |
|
278,569 |
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At 31 March 2025 |
278,569 |
|
278,569 |
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| 9 |
Related party transactions |
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Included within other creditors is director's loan of £852,496 (2024 - £1,085,732). |
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| 10 |
Controlling party |
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The directors do not consider there to be an ultimate controlling party. |
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| 11 |
Other information |
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Capital H Catering & Leisure Equipment Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Unit 3 Marlin Park |
|
Central Way |
|
Feltham |
|
TW14 0AN |