Registration number:
Capsule Ventures Limited
for the Year Ended 31 March 2026
Capsule Ventures Limited
Contents
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Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
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iXBRL Detailed Profit and Loss Account |
Capsule Ventures Limited
Company Information
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Directors |
Mr Lawrence James Bleach Miss Sarah Louise Hennessy |
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Registered office |
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Accountants |
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Capsule Ventures Limited
Directors' Report for the Year Ended 31 March 2026
The directors present their report and the financial statements for the year ended 31 March 2026.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is Buy/selling and letting own or leased real esate.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
.........................................
Mr Lawrence James Bleach
Director
.........................................
Miss Sarah Louise Hennessy
Director
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Capsule Ventures Limited
for the Year Ended 31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Capsule Ventures Limited for the year ended 31 March 2026 as set out on pages 4 to 14 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Capsule Ventures Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Capsule Ventures Limited and state those matters that we have agreed to state to the Board of Directors of Capsule Ventures Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Capsule Ventures Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Capsule Ventures Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Capsule Ventures Limited. You consider that Capsule Ventures Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Capsule Ventures Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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London
SW18 4EJ
Capsule Ventures Limited
Profit and Loss Account for the Year Ended 31 March 2026
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Note |
2026 |
2025 |
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Turnover |
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Cost of sales |
( |
( |
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Gross (loss)/profit |
( |
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Administrative expenses |
( |
( |
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Operating loss |
(36,287) |
(17,237) |
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Other interest receivable and similar income |
|
- |
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Loss before tax |
( |
( |
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Tax on loss |
|
|
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Loss for the financial year |
( |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Capsule Ventures Limited
Statement of Comprehensive Income for the Year Ended 31 March 2026
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2026 |
2025 |
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Loss for the year |
( |
( |
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Total comprehensive income for the year |
( |
( |
Capsule Ventures Limited
(Registration number: 13164292)
Balance Sheet as at 31 March 2026
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Note |
2026 |
2025 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
( |
( |
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Provisions for liabilities |
- |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
|||
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Called up share capital |
10 |
10 |
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Retained earnings |
(43,956) |
(7,701) |
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Shareholders' deficit |
(43,946) |
(7,691) |
For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
Capsule Ventures Limited
(Registration number: 13164292)
Balance Sheet as at 31 March 2026
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Capsule Ventures Limited
Statement of Changes in Equity for the Year Ended 31 March 2026
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Share capital |
Retained earnings |
Total |
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At 1 April 2025 |
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( |
( |
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Loss for the year |
- |
( |
( |
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At 31 March 2026 |
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( |
( |
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Share capital |
Retained earnings |
Total |
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At 1 April 2024 |
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Loss for the year |
- |
( |
( |
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At 31 March 2025 |
10 |
(7,701) |
(7,691) |
Capsule Ventures Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
37 Western Road
Hove
BN3 1AF
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Capsule Ventures Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Fixtures and Fittings |
25% Straight Line |
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Freehold Property |
0% Straight Line |
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Capsule Ventures Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Financial instruments
Classification
Recognition and measurement
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.
Impairment
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.
Capsule Ventures Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Loss before tax |
Arrived at after charging/(crediting)
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2026 |
2025 |
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Depreciation expense |
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Tangible assets |
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Land and buildings |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 April 2025 |
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At 31 March 2026 |
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Depreciation |
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At 1 April 2025 |
- |
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Charge for the year |
- |
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At 31 March 2026 |
- |
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Carrying amount |
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At 31 March 2026 |
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- |
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At 31 March 2025 |
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Included within the net book value of land and buildings above is £800,000 (2025 - £800,000) in respect of freehold land and buildings.
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Debtors |
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Current |
Note |
2026 |
2025 |
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Amounts owed by related parties |
- |
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Other debtors |
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Capsule Ventures Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
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Creditors |
Creditors: amounts falling due within one year
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2026 |
2025 |
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Due within one year |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2026 |
2025 |
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No. |
£ |
No. |
£ |
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10 |
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10 |
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Financial commitments, guarantees and contingencies |
Amounts disclosed in the balance sheet
Included in the balance sheet are financial commitments of £848,000 (2025 - £820,000). This was a loan agreement provided to the company from Mr Lawrence James Bleach and Miss Sarah Louise Hennessy who are directors of the company. The loan incurs no interest unless the lenders demand the loan and the loan is not paid within 3 months of receiving the written request and the interest will be 2% above the Bank of England's base rate. The current facility available to the company is £1,000,000 the company current borrowings are £848,000
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Related party transactions |
Capsule Ventures Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
Directors' remuneration
The directors' remuneration for the year was as follows:
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2026 |
2025 |
Summary of transactions with all entities with joint control or significant interest
At the year end the company was owed £Nil by Capsule Records Limited
Loans to related parties
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2026 |
Entities with joint control or significant influence |
Total |
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At start of period |
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Repaid |
( |
( |
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At end of period |
- |
- |
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2025 |
Entities with joint control or significant influence |
Total |
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At start of period |
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At end of period |
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Capsule Ventures Limited
iXBRL Detailed Profit and Loss Account for the Year Ended 31 March 2026
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2026 |
2025 |
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Turnover/revenue |
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Cost of sales |
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Purchase of raw materials and consumables |
( |
( |
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Property repairs and maintenance |
( |
( |
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Gross (loss)/profit |
(16,357) |
11,945 |
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Distribution costs |
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Administrative expenses |
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Audit and accountancy other services |
( |
( |
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Utilities costs |
( |
( |
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Cleaning costs |
( |
( |
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Depreciation of fixed assets |
( |
( |
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Legal and professional costs |
( |
( |
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Bank charges |
- |
( |
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Insurance costs |
( |
( |
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Telecommunications |
( |
( |
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Subscriptions |
( |
( |
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Other costs |
- |
( |
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Other operating income |
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Other items |
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Loss on ordinary activities before finance charges and interest |
(36,287) |
(17,237) |
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Non-bank interest and similar income receivable |
|
- |
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Loss on ordinary activities before taxation |
( |
( |
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Tax on profit or loss on ordinary activities |
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Loss for the financial year |
( |
( |