REGISTERED NUMBER: 04043677 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Capesouth Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs J Spencer

SECRETARY:

REGISTERED OFFICE:

3 Village Street

Edwalton

Nottingham

NG12 4AB

REGISTERED NUMBER:

04043677 (England and Wales)

ACCOUNTANTS:

Tim Allatson Limited

4 Brompton Way

West Bridgford

Nottingham

Nottinghamshire

NG2 7SU

FIXED ASSETS

Investment property

4

300,000

485,000

CURRENT ASSETS

Debtors

5

167

-

Cash at bank

274,263

82,973

274,430

82,973

CREDITORS

Amounts falling due within one year

6

1,027

565

NET CURRENT ASSETS

273,403

82,408

TOTAL ASSETS LESS CURRENT LIABILITIES

573,403

567,408

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

45,465

11,058

Retained earnings

527,838

556,250

SHAREHOLDERS' FUNDS

573,403

567,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 18 May 2026 and were signed by:

Mrs J Spencer - Director

1.	STATUTORY INFORMATION

Capesouth 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.

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.

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 NIL (2025 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

485,000

Disposals

(195,000

)

Revaluations

10,000

At 31 March 2026

300,000

NET BOOK VALUE

At 31 March 2026

300,000

At 31 March 2025

485,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2019

16,058

Valuation in 2020

20,000

Valuation in 2023

31,000

Valuation in 2025

(56,000

)

Valuation in 2026

34,407

Cost

254,535

300,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.26

31.3.25

£

£

Cost

254,535

473,942

The investment properties were valued on a fair value basis on 31 March 2026 by the Director from information available .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

167

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Taxation and social security

437

-

Other creditors

590

565

1,027

565

7.

RESERVES

Revaluation

reserve

£

At 1 April 2025

11,058

Revaluation surplus in year

10,000

Released on disposal of assets

24,407

At 31 March 2026

45,465