Capital & Finance Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05737242 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Capital & Finance Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P G Cordrey

SECRETARY:

Miss S Etherington

REGISTERED OFFICE:

Calverton House

1 Keller Close

Kiln Farm

Milton Keynes

MK11 3LL

REGISTERED NUMBER:

05737242 (England and Wales)

BANKERS:

Lloyds Bank plc

1st Floor Navigation House

Walnut Tree Park

Walnut Tree Close

Guildford

GU1 4TR

SOLICITORS:

Paul Davidson Taylor

Premier House

36-48 Queen Street

Horsham

Surrey

RH13 5AD

FIXED ASSETS

Tangible assets

4

31,148

33,856

Investments

5

1

1

31,149

33,857

CURRENT ASSETS

Debtors

6

100

-

Cash at bank

417

6,022

517

6,022

CREDITORS

Amounts falling due within one year

7

71,100

75,502

NET CURRENT LIABILITIES

(70,583

)

(69,480

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(39,434

)

(35,623

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(49,434

)

(45,623

)

SHAREHOLDERS' FUNDS

(39,434

)

(35,623

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 July 2020 and were signed by:

Mr P G Cordrey - Director

1.	STATUTORY INFORMATION

Capital & Finance Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services excluding value added tax. Turnover is recognised on

delivery of the service that is being provided.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and at variable rates on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Going concern

The financial statements have been prepared on a going concern basis. The director considers the company to be

a going concern and will continue to offer support to the company with the provision of an interest free loan,

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

40,473

Disposals

(473

)

At 31 March 2020

40,000

DEPRECIATION

At 1 April 2019

6,617

Charge for year

2,708

Eliminated on disposal

(473

)

At 31 March 2020

8,852

NET BOOK VALUE

At 31 March 2020

31,148

At 31 March 2019

33,856

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 April 2019

and 31 March 2020

1

NET BOOK VALUE

At 31 March 2020

1

At 31 March 2019

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

VAT

100

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Amounts owed to group undertakings

69,600

62,000

Corporation tax

-

2

Other creditors

-

12,000

Directors' current accounts

1,000

1,000

Accruals and deferred income

500

500

71,100

75,502

8.	ULTIMATE CONTROLLING PARTY

The director considers the ultimate controlling party to be Cordrey Investments Limited which is incorporated in

the United Kingdom and is controlled by the Peter Cordrey Family Trust.