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COMPANY REGISTRATION NUMBER: 03854195

Capland Properties Limited

Filleted Unaudited Financial Statements

31 March 2026

Capland Properties Limited

Financial Statements

Year ended 31 March 2026

Contents | Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2 to 3

Notes to the financial statements | 4 to 8

Capland Properties Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Capland Properties Limited

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 financial statements of Capland Properties Limited for the year ended 31 March 2026, which comprise the statement of financial position and the related notes 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 www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Capland Properties Limited, as a body, in accordance with the terms of our engagement letter dated 17 June 2026. Our work has been undertaken solely to prepare for your approval the financial statements of Capland Properties Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Capland Properties Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Capland Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Capland Properties Limited. You consider that Capland Properties 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 financial statements of Capland Properties 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 financial statements.
HEBBLETHWAITES Chartered Accountants
2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ
5 August 2026

Capland Properties Limited

Statement of Financial Position

31 March 2026

| 2026 | 2025
Note | £ | £

Fixed assets

Tangible assets | 5 | 8,376,237 | 9,291,887
Investments | 6 | 55,026 | 55,026
| ------------ | ------------
| 8,431,263 | 9,346,913

Current assets

Stocks | 2,978 | 8,567
Debtors | 7 | 16,318 | 10,798
Cash at bank and in hand | 114,870 | 121,550
| --------- | ---------
| 134,166 | 140,915

Creditors: amounts falling due within one year | 8 | 423,849 | 544,141
| --------- | ---------
Net current liabilities | 289,683 | 403,226
| ------------ | ------------
Total assets less current liabilities | 8,141,580 | 8,943,687

Creditors: amounts falling due after more than one year | 9 | 250,106 | 339,802

Provisions

Taxation including deferred tax | 534,572 | 724,539
| ------------ | ------------
Net assets | 7,356,902 | 7,879,346
| ------------ | ------------

Capland Properties Limited

Statement of Financial Position (continued)

31 March 2026

| 2026 | 2025
Note | £ | £

Capital and reserves

Called up share capital | 1,000 | 1,000
Property revaluation reserve | 2,465,326 | 3,130,359
Other reserves | 831,969 | 831,969
Profit and loss account | 4,058,607 | 3,916,018
| ------------ | ------------
Shareholders funds | 7,356,902 | 7,879,346
| ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the 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:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 3 August 2026 , and are signed on behalf of the board by:

Mr R Caplan | Mrs K Simons
Director | Director

Company registration number: 03854195

Capland Properties Limited

Notes to the Financial Statements

Year ended 31 March 2026
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 353 Ecclesall Road, Sheffield, S11 8PF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of management, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than those highlighted below.
Revenue recognition
Turnover is the rent income receivable by the company derived from its ordinary activities.
Taxation
The taxation expense represents the aggregate amount of tax currently payable and any deferred tax provision. 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 adjustment for items that are not taxable or deductible. The company's liability for current tax is calculated using tax rates in force at the end of the reporting period. Deferred tax is recognised on timing differences between 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 temporary timing differences. Deferred tax liabilities are provided at the tax rates in force at the end of the accounting period.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and Fittings | - | 10% reducing balance
| Motor Vehicles | - | 25% reducing balance
| Office Equipment | - | 25% straight line

Investment property
Investment property is property held for rental income and /or capital appreciation and are included at directors opinion of fair value and not depreciated. Any changes in fair value are recognised in the income statement. Deferred taxation is provided on these gains at current tax rates but it is not company policy to sell assets on a regular basis.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2025: 3 ).
5. Tangible assets

| Investment Property | Fixtures and fittings | Motor vehicles | Office Equipment | Total
| £ | £ | £ | £ | £
Cost or valuation |  |  |  |  |
At 1 April 2025 | 9,045,000 | 20,803 | 307,847 | 23,599 | 9,397,249
Additions | – | – | – | 2,840 | 2,840
Revaluations | ( 855,000) | – | – | – | ( 855,000)
| ------------ | -------- | --------- | -------- | ------------
At 31 March 2026 | 8,190,000 | 20,803 | 307,847 | 26,439 | 8,545,089
| ------------ | -------- | --------- | -------- | ------------
Depreciation |  |  |  |  |
At 1 April 2025 | – | 17,888 | 76,282 | 11,192 | 105,362
Charge for the year | – | 291 | 57,891 | 5,308 | 63,490
| ------------ | -------- | --------- | -------- | ------------
At 31 March 2026 | – | 18,179 | 134,173 | 16,500 | 168,852
| ------------ | -------- | --------- | -------- | ------------
Carrying amount |  |  |  |  |
At 31 March 2026 | 8,190,000 | 2,624 | 173,674 | 9,939 | 8,376,237
| ------------ | -------- | --------- | -------- | ------------
At 31 March 2025 | 9,045,000 | 2,915 | 231,565 | 12,407 | 9,291,887
| ------------ | -------- | --------- | -------- | ------------

Investment property comprises land and buildings held for rental income and capital growth. Investment property is measured at fair value at each reporting date. Any changes in fair value are recognised in the profit and loss account in the period in which they arise. No depreciation is charged on investment property carried at fair value. The investment property portfolio with a historic acquisition cost of £5,190,102 was revalued in 2026 by a director to its fair value of £8,190,000.
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

| Motor vehicles
| £
At 31 March 2026 | 172,253
| ---------
At 31 March 2025 | 229,670
| ---------

6. Investments

| Other investments other than loans
| £
Cost |
At 1 April 2025 and 31 March 2026 | 55,026
| --------
Impairment |
At 1 April 2025 and 31 March 2026 | –
| --------

Carrying amount |
At 31 March 2026 | 55,026
| --------
At 31 March 2025 | 55,026
| --------

The other investments detailed above are included at the directors opinion of market value.
7. Debtors

| 2026 | 2025
| £ | £
Other debtors | 16,318 | 10,798
| -------- | --------

8. Creditors: amounts falling due within one year

| 2026 | 2025
| £ | £
Bank loans and overdrafts | 26,083 | 24,341
Trade creditors | 12,429 | 19
Social security and other taxes | 77,478 | 67,203
Other creditors | 307,859 | 452,578
| --------- | ---------
| 423,849 | 544,141
| --------- | ---------

Included in creditors falling due within one year is an amount of £26,083 (2025 £24,341) relating to bank loans which are secured by the company.
9. Creditors: amounts falling due after more than one year

| 2026 | 2025
| £ | £
Bank loans and overdrafts | 213,101 | 238,952
Other creditors | 37,005 | 100,850
| --------- | ---------
| 250,106 | 339,802
| --------- | ---------

Included in creditors falling due after more than one year is an amount of £213,101 (2025 £238,952) relating to bank loans which are secured by the company.
Included within creditors falling due after more than one year is an amount of £88,498 (2025 £122,674) in respect of liabilities which fall due for payment after more than five years from the balance sheet date.
10. Analysis of other comprehensive income

| Property revaluation reserve | Profit and loss account | Total
| £ | £ | £
Year ended 31 March 2026 |  |  |
Property revaluation | (855,000) | 855,000 | –
| --------- | --------- | ----

Year ended 31 March 2025 |  |  |
Property revaluation | 978,256 | (978,256) | –
| --------- | --------- | ----

11. Related party transactions
Included in creditors are loans totalling £99,000 (2025 £243,000) from a director and immediate family. The loans are repayable on demand and interest is charged and paid on commercial terms.