Company No:
Contents
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investments | 4 |
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| 6,495,531 | 6,495,532 | |||
| Current assets | ||||
| Debtors | 5 |
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| Cash at bank and in hand | 6 |
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| 32,538,588 | 32,359,543 | |||
| Creditors: amounts falling due within one year | 7 | (
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| Net current assets | 32,212,348 | 32,049,835 | ||
| Total assets less current liabilities | 38,707,879 | 38,545,367 | ||
| Creditors: amounts falling due after more than one year | 8 | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 9 |
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| Share premium account |
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| Revaluation reserve |
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| Profit and loss account |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Capite Holdings Limited (registered number:
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Mr G P Burton
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Capite Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or term.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit and loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.
Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the company during the year, including directors |
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| £ | £ | ||
| Subsidiary undertakings |
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Investments in shares
| Name of entity | Registered office | Class of shares |
Ownership 31.03.2025 |
Ownership 31.03.2024 |
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England and Wales |
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Romania |
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England and Wales |
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England and Wales |
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England and Wales |
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England and Wales |
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England and Wales |
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England and Wales |
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Romania |
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Romania |
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England and Wales |
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European Logistics Management SRL
Fairmile ( Cobham) LLP
The capital and reserves and the profit/(loss) of the subsidiary undertakings was as follows:
| Capital and reserves at 2025 |
Profit/(loss) for the year ended 2025 |
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| £ | £ | |
| Brickcrest Limited | (274,596) | (66,921) |
| Brickcrest Real Estate Development SRL | 0 | 0 |
| Capite (Focal) Limited | 1,161,672 | (110,510) |
| Capite (Freshwater) Limited | 999 | 43,058 |
| Capite House Limited | 2,242,811 | (93,083) |
| Capite Linden (Regent Park) Limited | 0 | 0 |
| Capite Properties Limited | (1,558,587) | 0 |
| Capite Roding Limited | 2,681,614 | 57,577 |
| European Logistics Park International SRL | 0 | 0 |
| Jabontinsky Real Estate SRL | 0 | 0 |
| Fairmile (Cobham) LLP | 0 | 0 |
Brickcrest Real Estate Development SRL, European Logistics Park International SRL and Jabontinsky Real Estate SRL are all subsidiaries of Brickcrest Limited.The aggregate amount of capital and reserves and the results for the year of Brickcrest Real Estates Development SRL, European Logistics Park International SRL and Jabotinsky Real Estate SRL are not available yet for the year ended 31 March 2023, 31 March 2024 and March 2025.The results of the overseas subsidiaries have been translated at the rates ruling at the balance sheet date.The results of Brickcrest Development (Denham) LLP for the year ended 31 March 2025, are as follow:Members capital classified as equity £100Loss for members £Nil.The results of Fairmile (Cobham) LLP for the year ended 31 March 2025, are as follow:Members capital classified as equity £2,482,064Loss for members £43,664
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| Amounts owed by group undertakings |
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| Prepayments and accrued income |
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| Other debtors |
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| Cash at bank and in hand |
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| Trade creditors |
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| Amounts owed to fellow subsidiaries |
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| Taxation and social security |
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| Other creditors |
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| £ | £ | ||
| Bank loans |
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| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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| 225,002 | 225,002 |
and there right on a winding up if there is a surplus of assets is as follows;
- To be repaid amount equal to the nominal value
- Entitled to participate fully in the profits or the assets of the company
- To be paid any amount appropriated to the A,M and T shares by way of dividend which has not been paid.
- To participate in any liquidation surplus pari passu with A, M and T shares
For share type AA, MM and TT these shares do not have voting and dividends rights,
and there right on a winding up if there is a surplus of assets is as follows;
- To be repaid amount equal to the nominal value
- Entitled to participate if there is a surplus of assets
- To be paid an amount equal to the amount paid on the exercise of the right to subscribe for A, M and T shares
For share type R the shares do not have voting and dividends rights,
and there right on a winding up if there is a surplus of assets is as follows;
- To be repaid the amount equal to the nominal value
- No right to participate in the profits and assets of the company
Included within Other debtors is £21,918,696 (2024: £21,216,847 ) due from entities controlled by the directors.
Transactions with wholly-owned subsidiaries have not been disclosed as per disclosure exemption under section 1AC.35 of FRS 102.
The company is controlled by Mr M G Rosenfeld who is a director and shareholder.