Capital Construction Limited - Accounts to registrar (filleted) - small 23.1.2
Capital Construction Limited - Accounts to registrar (filleted) - small 23.1.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2022 |
FOR |
CAPITAL CONSTRUCTION LIMITED |
CAPITAL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04031854) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
CAPITAL CONSTRUCTION LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 AUGUST 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certifed Accountants |
Solar House |
282 Chase Road |
London |
N14 6NZ |
CAPITAL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04031854) |
BALANCE SHEET |
31 AUGUST 2022 |
31.8.22 | 31.8.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 9 | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Fair value reserve | 11 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
CAPITAL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04031854) |
BALANCE SHEET - continued |
31 AUGUST 2022 |
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 |
CAPITAL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04031854) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2022 |
1. | STATUTORY INFORMATION |
Capital Construction Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
Investment properties are include in the balance sheet at their open market value in accordance with the Financial Reporting Standard for Small entities (effective January 2007) and are not depreciated. This treatment is contrary to the Companies Act 1985 which states that fixed assets should be depreciated but is, in the opinion of the director, necessary in order to give a true and fair view of the financial position of the company. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
CAPITAL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04031854) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2022 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 September 2021 |
Disposals | ( |
) |
Revaluations | (741,846 | ) |
At 31 August 2022 |
NET BOOK VALUE |
At 31 August 2022 |
At 31 August 2021 |
Fair value at 31 August 2022 is represented by: |
£ |
Valuation in 2017 | 1,141,845 |
Valuation in 2020 | (400,000 | ) |
Valuation in 2022 | (741,845 | ) |
Cost | 1,161,963 |
1,161,963 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.22 | 31.8.21 |
£ | £ |
Tax |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.22 | 31.8.21 |
£ | £ |
Tax |
Related company |
Directors' loan accounts |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.8.22 | 31.8.21 |
£ | £ |
Bank loans (see note 8) |
CAPITAL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04031854) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2022 |
8. | LOANS |
An analysis of the maturity of loans is given below: |
31.8.22 | 31.8.21 |
£ | £ |
Amounts falling due between two and five years: |
Bank loans |
9. | PROVISIONS FOR LIABILITIES |
31.8.22 | 31.8.21 |
£ | £ |
Deferred tax | - | 105,738 |
Deferred |
tax |
£ |
Balance at 1 September 2021 |
Provided during year | ( |
) |
Balance at 31 August 2022 |
Deferred tax @ 19% |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.22 | 31.8.21 |
value: | £ | £ |
Ordinary Shares | £1 | 2 | 2 |
11. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 September 2021 |
Revaluation decrease | (599,478 | ) |
At 31 August 2022 |
12. | CONTROLLING PARTY |
Mr Patrick J Haslett, the director of the company, controls the company by virtue of his 100% shareholding of the issued ordinary share capital. |