REGISTERED NUMBER: 10336372 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

Cappa Estates Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

Directors:

R McGrane

Mrs C McGrane

Registered office:

16 Millhouse Park

Torpoint

Cornwall

PL11 2JD

Registered number:

10336372 (England and Wales)

Accountants:

Websters

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Tangible assets

4

-

350

Investment property

5

661,000

833,000

661,000

833,350

Current assets

Debtors

6

1,328

370

Cash at bank

40,215

28,367

41,543

28,737

Creditors

Amounts falling due within one year

7

371,536

533,912

Net current liabilities

(329,993

)

(505,175

)

Total assets less current liabilities

331,007

328,175

Creditors

Amounts falling due after more than one year

8

-

(2,881

)

Provisions for liabilities

9

(47,386

)

(58,000

)

Net assets

283,621

267,294

Capital and reserves

Called up share capital

10

100

100

Revaluation reserve

11

144,109

175,951

Retained earnings

139,412

91,243

Shareholders' funds

283,621

267,294

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 directors acknowledge their 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2026 and were signed on its behalf by:

R McGrane - Director

1.	STATUTORY INFORMATION

Cappa Estates Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, business address 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modfiied by the revaluation of investment properties.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and sales taxes for services provided and also includes rents receivable from investment properties adjusted for amounts paid in advance/in arrears at the balance sheet date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

50% on cost

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 Profit & 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.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

Cost

At 1 April 2025

and 31 March 2026

2,666

Depreciation

At 1 April 2025

2,316

Charge for year

350

At 31 March 2026

2,666

Net book value

At 31 March 2026

-

At 31 March 2025

350

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2025

833,000

Disposals

(172,000

)

At 31 March 2026

661,000

Net book value

At 31 March 2026

661,000

At 31 March 2025

833,000

The investment properties were valued by the directors on an open market basis on 31 March 2026.

Fair value at 31 March 2026 is represented by:

£

Valuation in 2018

20,539

Valuation in 2019

1,238

Valuation in 2020

12,000

Valuation in 2021

82,000

Valuation in 2022

19,174

Valuation in 2023

52,000

Valuation in 2024

47,000

Cost

427,049

661,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

1,328

370

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

5,659

Taxation and social security

13,385

2,119

Other creditors

358,151

526,134

371,536

533,912

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

2,881

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

47,386

58,000

Deferred

tax

£

Balance at 1 April 2025

58,000

Provided during year

(10,614

)

Balance at 31 March 2026

47,386

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

10,000

Ordinary

£0.01

100

100

11.

RESERVES

Revaluation

reserve

£

At 1 April 2025

175,951

Tfr to revaluation reserve

(31,842

)

At 31 March 2026

144,109

12.	RELATED PARTY DISCLOSURES

At the balance sheet date, the directors, R McGrane and Mrs C McGrane were owed £352,667.

Interest of £1,800 was paid during the year on the above loan.

13.	CONTROLLING PARTY

The company is controlled by Mr R McGrane and Mrs C McGrane.