CAPE ESTATES LIMITED - Filleted accounts

Registered number

00851700

CAPE ESTATES LIMITED

Filleted Accounts

28 February 2026

CAPE ESTATES LIMITED
Registered number:		00851700
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		652,349			652,557

Current assets
Debtors	4	36,285			30,125
Investments held as current assets	5	4,212			3,343
Cash at bank and in hand		33,659			50,172
		74,156			83,640

Creditors: amounts falling due within one year	6	(10,797)			(11,690)

Net current assets			63,359			71,950

Net assets			715,708			724,507

Capital and reserves
Called up share capital			10,020			10,020
Revaluation reserve	7		108,281			108,281
Profit and loss account			597,407			606,206

Shareholders' funds			715,708			724,507

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr P Griffin
Director
Approved by the board on 3 November 2026

CAPE ESTATES LIMITED
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			10-15% reducing balance
	Fixtures, fittings, tools and equipment			over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					0		2


3	Tangible fixed assets
				Land and buildings		Plant and machinery etc		Total
£					£		£
	Cost
	At 1 March 2025			650,000		6,088		656,088
	Additions			-		116		116
	At 28 February 2026			650,000		6,204		656,204

	Depreciation
	At 1 March 2025			-		3,531		3,531
	Charge for the year			-		324		324
	At 28 February 2026			-		3,855		3,855

	Net book value
	At 28 February 2026			650,000		2,349		652,349
	At 28 February 2025			650,000		2,557		652,557


	Freehold land and buildings:					2026		2025
£							£
	Historical cost					555,492		1,003,563
	Cumulative depreciation based on historical cost					-		-
						555,492		1,003,563


4	Debtors					2026		2025
£							£

	Trade debtors					3,500		3,500
	Deferred tax asset					13,134		13,134
	Other debtors					19,651		13,491
						36,285		30,125


5	Investments held as current assets					2026		2025
£							£
	Fair value
	Listed investments					4,212		3,343



6	Creditors: amounts falling due within one year					2026		2025
£							£

	Taxation and social security costs					6,922		5,096
	Other creditors					3,875		6,594
						10,797		11,690


7	Revaluation reserve					2026		2025
£							£

	At 1 March 2025					108,281		108,281

	At 28 February 2026					108,281		108,281


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr P Griffin
	[Loan 1]	-		9,807		-		9,807

	Mrs F Griffin
	[Loan 1]	-		9,807		-		9,807

		-		19,614		-		19,614


9	Other information

	CAPE ESTATES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	No.1 Business Centre
	Alvin Street
	Gloucester
	Gloucestershire
	GL1 3EJ