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