REGISTERED NUMBER: 09523763 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

CAPITAL ESTATES EUROPE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

Dr D Sevir

REGISTERED OFFICE:

Ground Floor 7 Neptune Court

Hallam Way, Whitehills Business Park,

Blackpool

Lancashire

FY4 5LZ

REGISTERED NUMBER:

09523763 (England and Wales)

ACCOUNTANTS:

Hanley & Co

Chartered Accountants

Ground Floor 7 Neptune Court

Hallam Way, Whitehills Business Park,

Blackpool

Lancashire

FY4 5LZ

FIXED ASSETS

Property, plant and equipment

4

1,347

36,277

Investment property

5

1,081,049

750,025

1,082,396

786,302

CURRENT ASSETS

Debtors

4,895

3,820

Cash at bank

13,403

5,190

18,298

9,010

CREDITORS

Amounts falling due within one year

8,125

5,037

NET CURRENT ASSETS

10,173

3,973

TOTAL ASSETS LESS CURRENT LIABILITIES

1,092,569

790,275

CREDITORS

Amounts falling due after more than one year

(955,453

)

(708,823

)

PROVISIONS FOR LIABILITIES

6

(27,362

)

(13,568

)

NET ASSETS

109,754

67,884

CAPITAL AND RESERVES

Called up share capital

1

1

Non-distributable reserve

7

82,087

57,841

Retained earnings

27,666

10,042

SHAREHOLDERS' FUNDS

109,754

67,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 July 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 12 December 2025 and were signed by:

Dr D Sevir - Director

1.	STATUTORY INFORMATION

Capital Estates Europe Limited 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.

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.

Turnover

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

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

-

25% on reducing balance and 15% on reducing balance

Investment property

The investment properties are accounted for under FRS 102, Section 16 Investment Property.

The investment properties are remeasured to fair value at each balance sheet date, with fair value gains and losses being reported in the profit and loss. Investment properties are valued on an estimated open market basis by the director.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 August 2024

37,499

Additions

640

Disposals

(170

)

Reclassification/transfer

(36,011

)

At 31 July 2025

1,958

DEPRECIATION

At 1 August 2024

1,222

Charge for year

238

Reclassification/transfer

(849

)

At 31 July 2025

611

NET BOOK VALUE

At 31 July 2025

1,347

At 31 July 2024

36,277

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

765,174

Additions

241,823

Revaluations

38,041

Reclassification/transfer

36,011

At 31 July 2025

1,081,049

DEPRECIATION

At 1 August 2024

15,149

Charge for year

(15,998

)

Reclassification/transfer

849

At 31 July 2025

-

NET BOOK VALUE

At 31 July 2025

1,081,049

At 31 July 2024

750,025

Fair value at 31 July 2025 is represented by:

£

Valuation in 2023

71,408

Valuation in 2025

38,041

Cost

971,600

1,081,049

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

965,526

693,766

Fixed asset investments were valued on an open market basis on 31 July 2025 by the director, Mr D Sevir .

6.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

27,362

13,568

Deferred

tax

£

Balance at 1 August 2024

13,568

Revaluation of property

13,794

Balance at 31 July 2025

27,362

7.

RESERVES

Non-distribut

reserve

£

At 1 August 2024

57,841

Transfer of reserves

24,246

At 31 July 2025

82,087

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Creditors: amounts falling due after one year - includes interest free directors loan of £955,453 (2024 £708,823)

9.

TAXATION

Tax on profits:

2025

2024

£

£

Corporation Tax

327

(1,427

)

Deferred Tax On Property Revaluation

13,795

-

14,122

(1,427

)

10.	RETAINED PROFITS MOVEMENT

Profit & Loss Reserve

Non-Distributa ble Reserve

Total

£

£

£

PROFIT BEFORE TAXATION

17,952

38,041

55,993

Corporation Tax

(327

)

-

(327

)

Deferred Tax

-

(13,795

)

(13,795

)

Dividends

-

-

-

RETAINED PROFIT FOR YEAR

17,625

24,246

41,871

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Capital Estates Europe Limited for the year ended 31 July 2025 which comprise the Abridged Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Capital Estates Europe Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Capital Estates Europe Limited and state those matters that we have agreed to state to the director of Capital Estates Europe Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Capital Estates Europe Limited and its director for our work or for this report.

It is your duty to ensure that Capital Estates Europe Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Capital Estates Europe Limited. You consider that Capital Estates Europe Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Capital Estates Europe Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hanley & Co

Chartered Accountants

Ground Floor 7 Neptune Court

Hallam Way, Whitehills Business Park,

Blackpool

Lancashire

FY4 5LZ

12 December 2025