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Registered number: 08984043
Bandol Capital Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
CBS Accountants Ltd
Chartered Accountants
Unit 17, Orbital 25 Business Park
Dwight Road
Watford
Hertfordshire
WD18 9DA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08984043
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,335 6,907
Investments 5 6,325,544 6,165,466
6,331,879 6,172,373
CURRENT ASSETS
Debtors 6 1,833 1,196
Cash at bank and in hand 1,502,306 932,736
1,504,139 933,932
Creditors: Amounts Falling Due Within One Year 7 (278,978 ) (166,070 )
NET CURRENT ASSETS (LIABILITIES) 1,225,161 767,862
TOTAL ASSETS LESS CURRENT LIABILITIES 7,557,040 6,940,235
PROVISIONS FOR LIABILITIES
Deferred Taxation (236,150 ) (136,676 )
NET ASSETS 7,320,890 6,803,559
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 7,320,790 6,803,459
SHAREHOLDERS' FUNDS 7,320,890 6,803,559
Page 1
Page 2
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Philippe Dufour
Director
18/05/2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Bandol Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08984043 . The registered office is Unit 17 Orbital 25 Business Park, Dwight Road, Watford, WD18 9DA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15
Computer Equipment 25
2.4. Financial Instruments
Basic financial instruments are recognized at amortised cost using the effective interest method.
Other financial instruments are initially measured at fair value, which is normally thetransaction price. Such assets are subsequently carried at fair value and the changes in fairvalue are recognized in profit or loss.
2.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2025 17,192 4,558 21,750
Additions - 833 833
As at 31 December 2025 17,192 5,391 22,583
Depreciation
As at 1 January 2025 11,894 2,949 14,843
Provided during the period 795 610 1,405
As at 31 December 2025 12,689 3,559 16,248
Net Book Value
As at 31 December 2025 4,503 1,832 6,335
As at 1 January 2025 5,298 1,609 6,907
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5. Investments
Listed Other Total
£ £ £
Cost or Valuation
As at 1 January 2025 1,260,469 4,904,997 6,165,466
Disposals - (88,008 ) (88,008 )
Revaluations 397,078 (148,992 ) 248,086
As at 31 December 2025 1,657,547 4,667,997 6,325,544
Provision
As at 1 January 2025 - - -
As at 31 December 2025 - - -
Net Book Value
As at 31 December 2025 1,657,547 4,667,997 6,325,544
As at 1 January 2025 1,260,469 4,904,997 6,165,466
Investments in listed and unlisted shares are initially measured at fair value including transaction costs. Subsequently, listed investments are carried at fair value with changes recognised in profit or loss. Unlisted investments are measured at fair value where this can be reliably determined; otherwise, they are held at cost less impairment. Impairment reviews are performed at each reporting date and any losses are recognised in profit or loss.
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 1,833 1,196
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1 -
Other creditors 234,534 166,070
Taxation and social security 44,443 -
278,978 166,070
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Page 6
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Other Creditors are the following loans from directors:
As at 1 January 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Philippe Dufour 158,557 70,243 - - 228,800
The above loan is unsecured, interest free and repayable on demand.
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