Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-04-01 false No description of principal activity 1 1 true true false 11734780 2024-04-01 2025-03-31 11734780 2023-04-01 2024-03-31 11734780 2025-03-31 11734780 2024-03-31 11734780 c:Director1 2024-04-01 2025-03-31 11734780 c:RegisteredOffice 2024-04-01 2025-03-31 11734780 d:FreeholdInvestmentProperty 2025-03-31 11734780 d:FreeholdInvestmentProperty 2024-03-31 11734780 d:FreeholdInvestmentProperty 2 2024-04-01 2025-03-31 11734780 d:CurrentFinancialInstruments 2025-03-31 11734780 d:CurrentFinancialInstruments 2024-03-31 11734780 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 11734780 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11734780 d:ShareCapital 2025-03-31 11734780 d:ShareCapital 2024-03-31 11734780 d:RetainedEarningsAccumulatedLosses 2025-03-31 11734780 d:RetainedEarningsAccumulatedLosses 2024-03-31 11734780 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 11734780 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 11734780 c:FRS102 2024-04-01 2025-03-31 11734780 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11734780 c:FullAccounts 2024-04-01 2025-03-31 11734780 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11734780 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 11734780 (England & Wales)
| CAPE PROJECTS LTD |
| DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| Pages for Filing with Registrar |
CAPE PROJECTS LTD
CONTENTS
| Page
Company information | 1
Balance sheet | 2
Notes to the financial statements | 3 - 6
CAPE PROJECTS LTD
COMPANY INFORMATION
Director | Paul J Goswell
Registered number | 11734780
Registered office | 40 Queen Anne Street
| London
| W1G 9EL
Accountants | Lewis Golden LLP
| 40 Queen Anne Street
| London
| W1G 9EL
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Registered number: 11734780 (England & Wales) CAPE PROJECTS LTD
BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 2,640,000 |  | 2,565,000
Current assets |  |  |  |  |
Debtors | 5 | 14,126 |  | 29,948 |
Cash at bank and in hand |  | 275,720 |  | 542,103 |
|  | 289,846 |  | 572,051 |
Creditors: amounts falling due within one year | 6 | (2,088,432) |  | (2,496,748) |
Net current liabilities |  |  | (1,798,586) |  | (1,924,697)
Deferred tax | 7 |  | (177,967) |  | (159,217)
Net assets |  |  | 663,447 |  | 481,086
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | 663,446 |  | 481,085
|  |  | 663,447 |  | 481,086
The Director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and the member has not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the Director's Report and Profit and Loss Account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the Director:
Paul J Goswell
Director
Date: 27 November 2025
The notes on pages 3 to 6 form part of these financial statements. - 2 -
CAPE PROJECTS LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Cape Projects Ltd is a private company limited by share capital, incorporated in England & Wales, registered number 11734780. The address of the registered office is 40 Queen Anne Street, London W1G 9EL. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A - small entities of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' ('FRS 102') and the Companies Act 2006.
| 2.2 | Going concern
At 31 March 2025, the company had net current liabilities of £1,798,586. Included within creditors falling due within one year is a loan of £1,997,855 due to Penninsula Projects Limited, its parent undertaking. The Director of Penninsula Projects Limited has confirmed that they do not seek repayment of the loan until the company is in a position to make such a repayment without jeopardising its ability to continue as a going concern. As a result the Director is of the opinion that the financial statements should be prepared on a going concern basis.
| 2.3 | Turnover
Turnover represents amounts receivable in respect of rent, net of VAT.
| 2.4 | Investment property
Investment property is carried at fair value determined annually by the Director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and Loss Account.
| 2.5 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.6 | Cash at bank and in hand
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.7 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. - 3 -
CAPE PROJECTS LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.8 | Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of finanical assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting year for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account. Financial assets and liabilities are offset, with the net amounts reported in the Balance Sheet when there is a legally enforceable right to set off the recognised amount sand there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
| 2.9 | Current and deferred taxation
Tax is recognised in the Profit and Loss Account. The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3. | Employees
| The average monthly number of employees, including the Director, during the year was 1 (2024 - 1).
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CAPE PROJECTS LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 April 2024 | 2,565,000
| Surplus on revaluation | 75,000
| At 31 March 2025 | 2,640,000
The valuation of the investment property at the year end was considered by the Director. The Director is satisfied that the carrying amount of the investment property as at 31 March 2025 is not materially different to open market value.
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | - | 15,355
| Other debtors | 14,126 | 14,593
|  | 14,126 | 29,948
6. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 1,997,855 | 2,397,855
| Corporation tax | 42,299 | 38,427
| Other taxation | 12,299 | 6,053
| Other creditors | 35,979 | 54,413
|  | 2,088,432 | 2,496,748
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CAPE PROJECTS LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Deferred taxation
|  | 2025
|  | £
| As at 1 April 2024 | (159,217)
| Charged to Profit and Loss Account | (18,750)
| As at 31 March 2025 | (177,967)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Timing differences | (177,967) | (159,217)
8. | Related party transactions
| The company has taken advantage of the disclosure exemption available under FRS 102 regarding transactions that have taken place between two or more wholly owned group members.
9. | Controlling party
Penninsula Projects Limited is the parent of the Company. Penninsula Projects Limited is a company incorporated in England and Wales with registered office 40 Queen Anne Street, London, United Kingdom, W1G 9EL.
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