Company No: 11308699 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2023		2022
		£		£
				Restated - note 2
Fixed assets
Intangible assets	4	4,956		6,675
Tangible assets	5	260		795
Investments	6	0		80,000
		5,216		87,470
Current assets
Debtors
- due within one year	7	1,126,364		1,044,342
- due after more than one year	7	2,250,886		2,086,321
Cash at bank and in hand		85,093		32,122
		3,462,343		3,162,785
Creditors: amounts falling due within one year	8	( 2,491,299)		( 2,518,292)
Net current assets		971,044		644,493
Total assets less current liabilities		976,260		731,963
Creditors: amounts falling due after more than one year	9	( 23,210)		( 67,893)
Provision for liabilities		( 65)		( 151)
Net assets		952,985		663,919
Capital and reserves
Called-up share capital	10	100		100
Revaluation reserve		( 2,544 )		( 825 )
Profit and loss account		955,429		664,644
Total shareholders' funds		952,985		663,919

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of CapInvest (Securities) Limited (registered number: 11308699) were approved and authorised for issue by the Board of Directors on 01 August 2023. They were signed on its behalf by:

Mr A E Tutte Director

Mr S Hunt Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

CapInvest (Securities) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Chatsworth House, Gannel Road, Newquay, TR7 2AG, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Prior year error

Restated the prior year closing balance in Fixed Asset Investment of £3,129,481 to Trade Debtors as the nature of the assets are Hire Purchase Receivables.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are initially recognised at cost. After initial recognition, intangible assets are measured using the revaluation model.
Cryptocurrency investments are to be revalued each year with gains/losses recognised in the Revaluation reserve.

Other intangible assets

not amortised

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings	5 years straight line
Computer equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Prior year adjustment

Restating Hire Purchase Receivables in Fixed Asset Investment to Trade Debtors

		As previously reported		Adjustment		As restated
Year ended 30 April 2022		£		£		£
Fixed Asset Investment		3,209,481		(3,129,481)		80,000
Trade Debtors		0		3,129,481		3,129,481

3. Employees

	2023		2022
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

4. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 May 2022	6,675		6,675
Revaluations	( 1,719)		( 1,719)
At 30 April 2023	4,956		4,956
Accumulated amortisation
At 01 May 2022	0		0
At 30 April 2023	0		0
Net book value
At 30 April 2023	4,956		4,956
At 30 April 2022	6,675		6,675

5. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 May 2022	1,300		1,500		2,800
At 30 April 2023	1,300		1,500		2,800
Accumulated depreciation
At 01 May 2022	780		1,225		2,005
Charge for the financial year	260		275		535
At 30 April 2023	1,040		1,500		2,540
Net book value
At 30 April 2023	260		0		260
At 30 April 2022	520		275		795

6. Fixed asset investments

	Other investments		Total
	£		£
Carrying value before impairment
At 01 May 2022	80,000		80,000
Disposals	( 80,000)		( 80,000)
At 30 April 2023	0		0
Provisions for impairment
At 01 May 2022	0		0
At 30 April 2023	0		0
Carrying value at 30 April 2023	0		0
Carrying value at 30 April 2022	80,000		80,000

7. Debtors

	2023		2022
	£		£
Debtors: amounts falling due within one year
Trade debtors	1,125,443		1,043,651
Other debtors	921		691
	1,126,364		1,044,342
Debtors: amounts falling due after more than one year
Trade debtors	2,250,886		2,086,321

8. Creditors: amounts falling due within one year

	2023		2022
	£		£
Bank loans	9,926		9,667
Amounts owed to related parties	16,471		0
Corporation tax	70,516		50,420
Obligations under finance leases and hire purchase contracts	0		9,321
Other creditors	2,394,386		2,448,884
	2,491,299		2,518,292

9. Creditors: amounts falling due after more than one year

	2023		2022
	£		£
Bank loans	23,210		33,144
Obligations under finance leases and hire purchase contracts	0		34,749
	23,210		67,893

There are no amounts included above in respect of which any security has been given by the small entity.

10. Called-up share capital

	2023		2022
	£		£
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each	50		50
50 Ordinary B shares of £ 1.00 each	50		50
	100		100