Capstan Canal Estates Limited
Filleted Abridged Accounts
31 March 2025
Registered number
06744525

Capstan Canal Estates Limited
Registered number: | 11761985
Abridged Balance Sheet
as at 31 March 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 2,400,000 |  |  | 3,304,000
Current assets
Debtors | 4 |  | 30,000 |  |  | 44,143
Cash at bank and in hand |  |  | 16,956 |  |  | 27,101
|  |  | 46,956 |  |  | 71,244
Creditors: amounts falling due within one year |  |  | (29,585) |  |  | (12,363)
Net current assets |  |  |  | 17,371 |  |  | 58,881
Total assets less current liabilities |  |  |  | 2,417,371 |  |  | 3,362,881
Creditors: amounts falling due after more than one year |  |  |  | (2,530,321) |  |  | (3,131,657)
Net (liabilities)/assets |  |  |  | (112,950) |  |  | 231,224
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Share premium |  |  |  | 277,110 |  |  | 277,110
Profit and loss account |  |  |  | (390,160) |  |  | (45,986)
Shareholders' funds |  |  |  | (112,950) |  |  | 231,224
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
A Vickers
Director
Approved by the board on 3 December 2025

Capstan Canal Estates Limited
Notes to the Abridged Accounts
for the year ended 31 March 2025
1 | Accounting policies
| Basis of preparation
| The abridged 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).
| Turnover
| Turnover represents rent receivable in the year.
| Tangible fixed assets
| 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:
| Fixtures & fittings | 25% straight line
| Investments
| Investment property is initially recognised at cost and then subsequently measured at fair value.
| Debtors
| 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.
| Creditors
| 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.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 2 |  | 3
3 | Tangible fixed assets | Total
£
| Cost
| At 1 April 2024 | 3,304,000
| Surplus on revaluation | (189,000)
| Disposals | (715,000)
| At 31 March 2025 | 2,400,000
| Depreciation
| At 31 March 2025 | -
| Net book value
| At 31 March 2025 | 2,400,000
| At 31 March 2024 | 3,304,000
| Freehold land and buildings: | 2025 |  | 2024
£ | £
| Historical cost | 2,629,000 |  | 3,304,000
| Cumulative depreciation based on historical cost | - |  | -
|  |  |  |  |  | 2,629,000 |  | 3,304,000
4 | Debtors | 2025 |  | 2024
£ | £
| Amounts due after more than one year included in debtors | 30,000 |  | 30,000
5 | Loans | 2025 |  | 2024
£ | £
| Creditors include:
| Instalments falling due for payment after more than five years | 1,111,414 |  | 1,005,620
| Secured bank loans | 2,498,057 |  | 3,092,509
6 | Loans to directors
| Description and conditions | B/fwd | Paid | Repaid | C/fwd
£ | £ | £ | £
| A Vickers
| Directors Loan | 6,962 |  |  |  | (6,962) |  | -
| P Chandler
| Directors Loan | 6,962 |  |  |  | (6,962) |  | -
|  | 13,924 |  | - |  | (13,924) |  | -
7 | Other information
| Capstan Canal Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
| 5 Capstan Way
| Thorne
| Doncaster
| DN8 5UN

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