REGISTERED NUMBER: 05620797 (England and Wales)

KAPITAL ESTATES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

9

DIRECTOR:

T. Dal

SECRETARY:

Mrs. S Dal

REGISTERED OFFICE:

16 Lambourne Crescent

Cardiff Business Park

Llanishen

Cardiff

CF14 5GF

REGISTERED NUMBER:

05620797 (England and Wales)

ACCOUNTANTS:

Johns Jones & Lo Limited

Chartered Accountants & Registered Auditors

16 Lambourne Crescent

Cardiff Business Park

Llanishen

Cardiff

CF14 5GF

FIXED ASSETS

Intangible assets

4

1,239,006

-

Tangible assets

5

-

-

Investments

6

313,791

1

Investment property

7

6,336,524

6,336,045

7,889,321

6,336,046

CURRENT ASSETS

Debtors

8

2,912,300

50,436

CREDITORS

Amounts falling due within one year

9

77,627

422,806

NET CURRENT ASSETS/(LIABILITIES)

2,834,673

(372,370

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,723,994

5,963,676

CREDITORS

Amounts falling due after more than one year

10

9,249,476

4,213,455

NET ASSETS

1,474,518

1,750,221

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,473,518

1,749,221

SHAREHOLDERS' FUNDS

1,474,518

1,750,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2nd December 2025 and were signed by:

T. Dal - Director

1.	STATUTORY INFORMATION

Kapital Estates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the statement of financial position date and the amounts reported for revenues and expenses during the period. However, the nature of estimation means that actual outcomes could differ from those estimates.

Recoverability of debtors

Estimation is involved in the assessment of the recoverability of debtors and the calculation of the associated

bad debt provision. Factors such as the age of the debt, prior experience and recoverability statistics are included in management's assessment.

Useful economic lives of tangible fixed assets

Tangible fixed assets are depreciated over their useful economic lives taking into account residual values, where appropriate. Management regularly reviews the assets' useful economic lives. Changes in assets' useful economic lives can have a significant impact on depreciation for the period. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Provision for impairments

Tangible fixed assets are reviewed for signs of impairment each year and written down accordingly. All tangible fixed assets are reviewed by management in conjunction with market data and other relevant information. Changes in any of the factors considered for impairments can affect the value reported in the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2025, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

50% on cost and 33% on cost

Investments in subsidiaries

Investment in subsidiaries is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks. Debt instruments (other than those wholly repayable or receivable within one year), including loans and account receivables and payables, are initially measured at the transaction price (adjusted for transaction cost) and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangement constitutes a financing transaction, such as a trade debtor or creditor on extended credit terms, initial measurement is at the present value of future cash flows discounted at a market rate of interest. Subsequent measurement is at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is identified, an impairment loss is recognised in the statement of comprehensive income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between carrying amount and the present value of estimated cash flows discounted at the original effective interest rate. If the financial instrument has a variable interest rate the currently effective rate under the contract is used.

A financial asset is derecognised only when the contractual rights to the cash flows from the financial asset expire or are settled or, substantially all of the risks and rewards of ownership of the financial asset have been transferred to another party or when despite having retained some, but not substantially all, risks and rewards of ownership, control of the asset has been transferred to another party and the other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer. In this case, the company derecognises the asset and recognises separately any rights and obligations retained or created in the transfer. A financial liability is derecognised when the contract that gives rise to it is settled, sold, cancelled, or expires. Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such as an exchange or modification, this is treated as a derecognition of the original liability, such that the difference in the respective carrying amounts together with any costs or fees incurred are recognised in profit or loss.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments in stocks and shares

Investments in stocks and shares are investments in publicly traded companies and are revalued in line with their market value at the balance sheet date.

Subsidiary companies

The company owns the total issued share capital of 47 BP Ltd. The company is formed to handle the renovation and sale of individual properties.

The company owns the total issued share capital of 74c EP Ltd which holds property that is held for rent.

The company owns the total issued share capital of 74 EP Freehold Ltd which holds freehold land that is held for rent.

All transactions of the above subsidiaries are being dealt with by Kapital Estates Limited under declarations of trust. Therefore no group accounts have been prepared, and exemption from the disclosure of related party transactions has been selected.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, and deposits held at call with banks.

Going concern

These financial statements have been prepared on a going concern basis on the grounds that the Directors consider that the Company has sufficient cash resources to enable the Company to continue to meet its liabilities as they fall due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

1,376,673

At 30th June 2025

1,376,673

AMORTISATION

Charge for year

137,667

At 30th June 2025

137,667

NET BOOK VALUE

At 30th June 2025

1,239,006

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st July 2024

and 30th June 2025

28,682

DEPRECIATION

At 1st July 2024

and 30th June 2025

28,682

NET BOOK VALUE

At 30th June 2025

-

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1st July 2024

1

-

1

Additions

(38,607

)

693,024

654,417

Disposals

-

(318,621

)

(318,621

)

Revaluations

(22,006

)

-

(22,006

)

At 30th June 2025

(60,612

)

374,403

313,791

NET BOOK VALUE

At 30th June 2025

(60,612

)

374,403

313,791

At 30th June 2024

1

-

1

Cost or valuation at 30th June 2025 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2025

(60,612

)

374,403

313,791

The cost of additions during the period were valued using the purchase price agreement in relation to the purchase of Retex Enterprises Ltd.

7.	INVESTMENT PROPERTY

Investment properties includes expenditure to date on properties which are scheduled for renovation and then sale.

All costs associated with the properties are capitalised, including interest charged on the loans used to fund the purchase and development.

From August 2018 to the date of these financial statements an investment property was made available to rent. There is no change of use, this is to cover costs. Interest charged on the loans for this period has been charged to profit and loss.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,912,300

50,436

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

67,561

105,444

Other creditors

10,066

317,362

77,627

422,806

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

15,278

61,434

Other creditors

9,234,198

4,152,021

9,249,476

4,213,455

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

9,234,198

4,152,021

Borrowings from lenders, other financial institutions, and related entities are secured on the investment properties.

12.	DEFERRED TAX

£

Balance at 1st July 2024

(88

)

Provided during year

16

Balance at 30th June 2025

(72

)

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2025 and 30th June 2024:

2025

2024

£

£

T. Dal

Balance outstanding at start of year

(261,395

)

(266,092

)

Amounts advanced

149,172

4,697

Amounts repaid

112,223

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(261,395

)

Included in the amount repaid is a dividend paid to the director of £21,000 (2024 £nil).

The total amount of dividend paid to the shareholders is £42,000 [2024 £nil].

14.	RELATED PARTY DISCLOSURES

Included in debtors is an amount of £354,866 (2024 £9,044) owed by 74 EP Freehold Ltd, an amount of £2,254,641 owed by 74c EP Ltd and an amount of £13,899 (2024 £19,199) owed by Cat Dal Interiors Ltd . Mr T Dal is a director of 74 EP Freehold Ltd, 74c EP Ltd and was a director of Cat Dal Interiors Ltd until 27 January 2022. The loans are repayable on demand.

Included in creditors is an amount of £5,310 (2024 £425)owed to 74C EP Ltd. Mr T Dal is a director of 74C EP Ltd. Also included in creditors is an amount of £5,024,119 owed to STD Group Holdings Ltd a BVI company, Mr T Dal and Mrs S Dal are beneficiaries of the STD Trust.

15.	ULTIMATE CONTROLLING PARTY

The controlling party is T. Dal.

16.	OTHER INFORMATION

During the period Kapital Estates Ltd acquired the assets of Retex Enterprises Ltd a BVI company, which included shares and share capital of 74c EP Ltd and shares of 74 EP Freehold. The shares and share capital of 74c EP LTD and shares of 74 EP Freehold Ltd were fully absorbed into Kapital Estates Ltd during the period and appear on the 30th June 2025 balance sheet.