REGISTERED NUMBER: 02776173 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CAPEL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T J Lee

Mrs G Lee

SECRETARY:

Mr T J Lee

REGISTERED OFFICE:

4 Green Lane Business Park

238 Green Lane

New Eltham

London

SE9 3TL

REGISTERED NUMBER:

02776173 (England and Wales)

ACCOUNTANTS:

Bayar Hughes & Co

Chartered Certified Accountants

4 Green Lane Business Park

238 Green lane

New Eltham

London

SE9 3TL

FIXED ASSETS

Investment Property

4

450,000

450,000

CURRENT ASSETS

Cash at bank

69

83

CREDITORS

Amounts falling due within one year

5

923

840

NET CURRENT LIABILITIES

(854

)

(757

)

TOTAL ASSETS LESS CURRENT LIABILITIES

449,146

449,243

CREDITORS

Amounts falling due after more than one year

6

425,838

406,239

NET ASSETS

23,308

43,004

CAPITAL AND RESERVES

Called up share capital

7

2

2

Revaluation Reserve

8

137,687

137,687

Retained earnings

8

(114,381

)

(94,685

)

SHAREHOLDERS' FUNDS

23,308

43,004

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

Mr T J Lee - Director

1.	STATUTORY INFORMATION

Capel 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

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Investment property

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

450,000

NET BOOK VALUE

At 31 March 2025

450,000

At 31 March 2024

450,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

137,687

Cost

312,313

450,000

Investment Property were valued on an open market basis on 31 March 2025 by the Directors. .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other Creditors & Accruals

923

840

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank Loans

301,275

360,487

Directors' Loan Account

124,563

45,752

425,838

406,239

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Retained

Revaluation

earnings

Reserve

Totals

£

£

£

At 1 April 2024

(94,685

)

137,687

43,002

Deficit for the year

(19,696

)

(19,696

)

At 31 March 2025

(114,381

)

137,687

23,306