Captain Properties Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05103816 (England and Wales)

CAPTAIN PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr R D Commander

SECRETARY:

Mrs V A Commander

REGISTERED OFFICE:

22 St Mary's Street

Bridgnorth

Shropshire

WV16 4DW

REGISTERED NUMBER:

05103816 (England and Wales)

ACCOUNTANTS:

Wallace Crooke

Chartered Accountants

College House

St. Leonards Close

Bridgnorth

Shropshire

WV16 4EJ

FIXED ASSETS

Investment property

4

499,925

289,071

CURRENT ASSETS

Debtors

5

1,000

1,000

Cash at bank

18,047

43,866

19,047

44,866

CREDITORS

Amounts falling due within one year

6

2,459

2,172

NET CURRENT ASSETS

16,588

42,694

TOTAL ASSETS LESS CURRENT LIABILITIES

516,513

331,765

CREDITORS

Amounts falling due after more than one year

7

(178,973

)

(208,745

)

PROVISIONS FOR LIABILITIES

8

(40,062

)

-

NET ASSETS

297,478

123,020

CAPITAL AND RESERVES

Called up share capital

9

10

10

Retained earnings

297,468

123,010

SHAREHOLDERS' FUNDS

297,478

123,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 22 January 2024 and were signed by:

Dr R D Commander - Director

1.	STATUTORY INFORMATION

Captain Properties 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 financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Turnover

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

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.

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 NIL (2022 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2022

289,071

Revaluations

210,854

At 30 April 2023

499,925

NET BOOK VALUE

At 30 April 2023

499,925

At 30 April 2022

289,071

Fair value at 30 April 2023 is represented by:

£

Valuation in 2023

210,854

Cost

289,071

499,925

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

1,000

1,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

1,798

1,541

Other creditors

661

631

2,459

2,172

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Other creditors

178,973

208,745

8.	PROVISIONS FOR LIABILITIES

2023

2022

£

£

Deferred tax

40,062

-

Deferred

tax

£

Provided during year

40,062

Balance at 30 April 2023

40,062

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

10

Ordinary

£1

10

10