Company No: 07855765 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	S H Russell
	S A Russell

REGISTERED OFFICE	2 Leman Street
	London
	E1W 9US
	United Kingdom

COMPANY NUMBER

07855765 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Kings House
	101-135 Kings Road
	Brentwood
	Essex
	CM14 4DR
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	4,677		625
Investment property	4	1,525,000		1,525,000
		1,529,677		1,525,625
Current assets
Debtors	5	1,875		5,007
Cash at bank and in hand		260,645		230,406
		262,520		235,413
Creditors: amounts falling due within one year	6	( 812,913)		( 812,420)
Net current liabilities		(550,393)		(577,007)
Total assets less current liabilities		979,284		948,618
Provision for liabilities		( 104,260)		( 104,260)
Net assets		875,024		844,358
Capital and reserves
Called-up share capital		100		100
Fair value reserve		595,059		595,059
Profit and loss account		279,865		249,199
Total shareholders' funds		875,024		844,358

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Captain Investments Limited (registered number: 07855765) were approved and authorised for issue by the Board of Directors on 28 April 2026. They were signed on its behalf by:

S H Russell Director

1. Accounting policies

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.

General information and basis of accounting

Captain Investments 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 2 Leman Street, London, E1W 9US, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Turnover

Turnover represents the total rent receivable for the year.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

25 % reducing balance

Investment property

Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 December 2024	5,135		5,135
Additions	4,968		4,968
Disposals	( 2,176)		( 2,176)
At 30 November 2025	7,927		7,927
Accumulated depreciation
At 01 December 2024	4,510		4,510
Charge for the financial year	916		916
Disposals	( 2,176)		( 2,176)
At 30 November 2025	3,250		3,250
Net book value
At 30 November 2025	4,677		4,677
At 30 November 2024	625		625

4. Investment property

	Investment property
	£
Valuation
As at 01 December 2024	1,525,000
As at 30 November 2025	1,525,000

Fair value at 30th November 2025 is represented by:

Valuation in 2013 - £200,000
Valuation in 2014 - £(25,000)
Valuation in 2017 - £199,920
Valuation in 2018 - £(25,000)
Valuation in 2019 - £90,000
Valuation in 2021 - £72,500
Valuation in 2022 - £162,500
Cost - £850,080
Total - £1,525,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	850,080		850,080

5. Debtors

	2025		2024
	£		£
Trade debtors	625		3,500
Other debtors	1,250		1,507
	1,875		5,007

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Taxation and social security	6,522		6,254
Other creditors	806,391		806,166
	812,913		812,420

7. Financial commitments

Commitments

	2025		2024
	£		£
Total future minimum lease payments under non-cancellable operating leases	15,921		754

At the balance sheet date the company had operating lease commitments in respect of a vehicle.