Cabilla Ventures Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11744307 (England and Wales)

Cabilla Ventures Ltd

Previously known as

Cabilla Cornwall Ltd

Unaudited Financial Statements

for the Year Ended 31st December 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M Hanbury-Tenison

Mrs E Hanbury Tenison

REGISTERED OFFICE:

Cabilla Manor

Cardinham

Bodmin

Cornwall

PL30 4DW

REGISTERED NUMBER:

11744307 (England and Wales)

ACCOUNTANTS:

Hodgsons

Chartered Accountants

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

FIXED ASSETS

Intangible assets

4

4,294

5,726

Tangible assets

5

485,263

528,271

489,557

533,997

CURRENT ASSETS

Stocks

600

1,200

Debtors

6

26,666

40,184

Cash at bank

-

45

27,266

41,429

CREDITORS

Amounts falling due within one year

7

(1,290,435

)

(1,214,552

)

NET CURRENT LIABILITIES

(1,263,169

)

(1,173,123

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(773,612

)

(639,126

)

CREDITORS

Amounts falling due after more than one
year

8

(78,722

)

(86,335

)

NET LIABILITIES

(852,334

)

(725,461

)

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(852,336

)

(725,463

)

(852,334

)

(725,461

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 28th April 2026 and were signed on its behalf by:

M Hanbury-Tenison - Director

1.	STATUTORY INFORMATION

Cabilla Ventures 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.

Turnover

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

Turnover represents invoiced sales of goods and services, excluding value added tax. Turnover is recognised when the service is provided.

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.

Website is being amortised using the reducing balance method at 25%.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Buildings

-

Straight line over 25 years

Improvements to property

-

10% on cost

Plant and equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

At the year end the company had net current liabilities, and net liabilities and is reliant on the continued support of the director. On 9th January 2026, the company disposed of fixed assets and goodwill for consideration of £750,000.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Website

£

COST

At 1st January 2025

and 31st December 2025

17,761

AMORTISATION

At 1st January 2025

12,035

Amortisation for year

1,432

At 31st December 2025

13,467

NET BOOK VALUE

At 31st December 2025

4,294

At 31st December 2024

5,726

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Buildings

property

equipment

£

COST

At 1st January 2025

395,010

55,002

256,526

Additions

17,631

-

Disposals

-

(4,675

)

At 31st December 2025

412,641

55,002

251,851

DEPRECIATION

At 1st January 2025

48,032

16,010

144,187

Charge for year

15,800

5,501

29,915

Eliminated on disposal

-

(3,100

)

At 31st December 2025

63,832

21,511

171,002

NET BOOK VALUE

At 31st December 2025

348,809

33,491

80,849

At 31st December 2024

346,978

38,992

112,339

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1st January 2025

37,495

5,057

749,090

Additions

-

17,631

Disposals

-

(1,211

)

(5,886

)

At 31st December 2025

37,495

3,846

760,835

DEPRECIATION

At 1st January 2025

9,374

3,216

220,819

Charge for year

7,030

461

58,707

Eliminated on disposal

-

(854

)

(3,954

)

At 31st December 2025

16,404

2,823

275,572

NET BOOK VALUE

At 31st December 2025

21,091

1,023

485,263

At 31st December 2024

28,121

1,841

528,271

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st January 2025

and 31st December 2025

37,495

DEPRECIATION

At 1st January 2025

9,374

Charge for year

7,030

At 31st December 2025

16,404

NET BOOK VALUE

At 31st December 2025

21,091

At 31st December 2024

28,121

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

2,516

40,048

Amounts owed by associates

9,661

117

Tax

19

VAT

14,470

-

26,666

40,184

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

15,424

20,272

Loans

24,000

874,000

Hire purchase contracts

5,220

5,059

Trade creditors

19,777

9,464

Social security and other taxes

2,130

1,717

VAT

-

33,980

Other creditors

729

1,783

Directors' current accounts

1,206,620

172,622

Accruals and deferred income

14,143

92,897

Deferred government grants

2,392

2,758

1,290,435

1,214,552

Included within creditors due within one year is the Directors' current account balance of £1,206,620. There is no intention of this being repaid within 12 months.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Loans

56,000

Hire purchase contracts

19,920

25,140

Deferred government grants

2,802

5,195

78,722

86,335

9.	POST BALANCE SHEET EVENTS

On 9th January 2026, the company disposed of fixed assets and goodwill for consideration of £750,000.