Capinvest Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05192318 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2019

for

Capinvest Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Brochain

SECRETARY:

Landes Ltd

REGISTERED OFFICE:

3rd Floor Fairgate House

78 New Oxford Street

London

WC1A 1HB

REGISTERED NUMBER:

05192318 (England and Wales)

ACCOUNTANTS:

Hawksford UK Services Limited

3rd Floor, Fairgate House

78 New Oxford Street

London

WC1A 1HB

FIXED ASSETS

Investments

4

589,138

761,344

CURRENT ASSETS

Debtors

5

58,758

58,758

Cash at bank

9,332

9,479

68,090

68,237

CREDITORS

Amounts falling due within one year

6

(51,668

)

(49,329

)

NET CURRENT ASSETS

16,422

18,908

TOTAL ASSETS LESS CURRENT LIABILITIES

605,560

780,252

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Revaluation reserve

7

554,521

726,727

Retained earnings

1,039

3,525

SHAREHOLDERS' FUNDS

605,560

780,252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 30 September 2020 and were signed by:

P Brochain - Director

1.	STATUTORY INFORMATION

Capinvest Holdings 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 as modified by the revaluation of certain assets.

The company's functional and presentational currency is GBP and rounded to the nearest £.

Going concern

These financial statements have been prepared on a going concern basis on the grounds that the shareholder has the

ability and has indicated its willingness to continue to provide financial support for at least one year from the date of

approval of these accounts.

Preparation of consolidated financial statements

The financial statements contain information about Capinvest Holdings Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A)

of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the

date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments in subsidiaries and associates

Investments held as fixed assets are stated at director's valuation, based on the net asset value of the subsidiaries and

associated companies shown in the latest financial statements of those companies. Gains and losses on revaluation

are recognised in a revaluation reserve.

Trade and other debtors

Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using

the effective interest method, less impairment losses for bad and doubtful debts except where the effect of

discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and

doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the

effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

The company does not have long term creditors.

Cash and cash equivalents

Cash and cash equivalents comprise cash held on demand with banks.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 October 2018

761,344

Revaluations

(172,206

)

At 30 September 2019

589,138

NET BOOK VALUE

At 30 September 2019

589,138

At 30 September 2018

761,344

Cost or valuation at 30 September 2019 is represented by:

Shares in

group

undertakings

£

Valuation in 2009

466,738

Valuation in 2010

34,202

Valuation in 2012

121,035

Valuation in 2013

15,649

Valuation in 2014

16,230

Valuation in 2015

40,405

Valuation in 2016

44,988

Valuation in 2017

(41,539

)

Valuation in 2018

29,020

Valuation in 2009

(172,206

)

Cost

34,616

589,138

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Aerospace International Services Limited

Registered office: 3rd Floor Fairgate House, 78 New Oxford Street, London, WC1A 1HB

Nature of business: Aerospace consultants

%

Class of shares:

holding

Ordinary shares

100.00

30.9.19

30.9.18

£

£

Aggregate capital and reserves

550,883

731,065

Loss for the year

(216,370

)

(7,429

)

Associated company

Oustal Blue SCI

Registered office: 5 Rue De Sarabelle, 31400 Toulouse, France

Nature of business: Property investment

%

Class of shares:

holding

Ordinary shares

22.80

31.12.19

31.12.18

£

£

Aggregate capital and reserves

168,006

40,371

Loss for the year

(8,735

)

(3,512

)

As at balance sheet date the accounts of Oustal Blue SCI were not available. On 15 February 2019 due to additional

share capital issued, shareholding of Capinvest Holdings Limited in Oustal Blue SCI decreased to 22.8% from 75%.

.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Amounts owed by group undertakings

8,758

8,758

Other debtors

50,000

50,000

58,758

58,758

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Amounts owed to group undertakings

47,327

45,527

Other creditors

2,341

1,802

Accrued expenses

2,000

2,000

51,668

49,329

7.

RESERVES

Revaluation

reserve

£

At 1 October 2018

726,727

Revaluation of investments

(172,206

)

At 30 September 2019

554,521

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY