CAPITAL HOMES AND INVESTMENTS LIMITED 29/04/2023 iXBRL

CAPITAL HOMES AND INVESTMENTS LIMITED 29/04/2023 iXBRL

CAPITAL HOMES AND INVESTMENTS LIMITED - Company Information

Print Friendly Version

2 30/04/2022 29/04/2023 2023-04-29 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-04-30 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 11940419 2022-04-30 2023-04-29 11940419 2023-04-29 11940419 2022-04-29 11940419 2021-04-30 2022-04-29 11940419 2022-04-29 11940419 2021-04-29 11940419 core:LandBuildings core:ShortLeaseholdAssets 2022-04-30 2023-04-29 11940419 core:PlantMachinery 2022-04-30 2023-04-29 11940419 core:FurnitureFittingsToolsEquipment 2022-04-30 2023-04-29 11940419 core:MotorVehicles 2022-04-30 2023-04-29 11940419 bus:RegisteredOffice 2022-04-30 2023-04-29 11940419 bus:Director1 2022-04-30 2023-04-29 11940419 bus:Director2 2022-04-30 2023-04-29 11940419 core:LandBuildings core:ShortLeaseholdAssets 2022-04-29 11940419 core:PlantMachinery 2022-04-29 11940419 core:FurnitureFittingsToolsEquipment 2022-04-29 11940419 core:LandBuildings core:ShortLeaseholdAssets 2023-04-29 11940419 core:PlantMachinery 2023-04-29 11940419 core:FurnitureFittingsToolsEquipment 2023-04-29 11940419 core:WithinOneYear 2023-04-29 11940419 core:WithinOneYear 2022-04-29 11940419 core:AfterOneYear 2023-04-29 11940419 core:AfterOneYear 2022-04-29 11940419 core:ShareCapital 2023-04-29 11940419 core:ShareCapital 2022-04-29 11940419 core:SharePremium 2023-04-29 11940419 core:SharePremium 2022-04-29 11940419 core:RetainedEarningsAccumulatedLosses 2023-04-29 11940419 core:RetainedEarningsAccumulatedLosses 2022-04-29 11940419 core:LandBuildings core:ShortLeaseholdAssets 2022-04-29 11940419 core:PlantMachinery 2022-04-29 11940419 core:FurnitureFittingsToolsEquipment 2022-04-29 11940419 bus:Director1 2022-04-29 11940419 bus:Director1 2023-04-29 11940419 bus:Director1 2021-04-29 11940419 bus:Director1 2022-04-29 11940419 bus:Director1 2021-04-30 2022-04-29 11940419 bus:SmallEntities 2022-04-30 2023-04-29 11940419 bus:AuditExempt-NoAccountantsReport 2022-04-30 2023-04-29 11940419 bus:SmallCompaniesRegimeForAccounts 2022-04-30 2023-04-29 11940419 bus:PrivateLimitedCompanyLtd 2022-04-30 2023-04-29 11940419 bus:FullAccounts 2022-04-30 2023-04-29 11940419 core:AllAssociates 2023-04-29 11940419 core:AllAssociates 2022-04-29
Company registration number: 11940419
CAPITAL HOMES AND INVESTMENTS LIMITED
Unaudited filleted financial statements
29 April 2023
CAPITAL HOMES AND INVESTMENTS LIMITED
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
CAPITAL HOMES AND INVESTMENTS LIMITED
Directors and other information
Directors Kabir Jheeta
Moninder Jheeta
Company number 11940419
Registered office Suite 02 Unit 14
Bourne Court, Southend Road
Woodford Green
IG8 8HD
CAPITAL HOMES AND INVESTMENTS LIMITED
Statement of financial position
29 April 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 10,265 12,832
_______ _______
10,265 12,832
Current assets
Debtors 6 - 1,000
Cash at bank and in hand - 759
_______ _______
- 1,759
Creditors: amounts falling due
within one year 7 ( 160,267) ( 102,304)
_______ _______
Net current liabilities ( 160,267) ( 100,545)
_______ _______
Total assets less current liabilities ( 150,002) ( 87,713)
Creditors: amounts falling due
after more than one year 8 ( 36,250) ( 40,000)
_______ _______
Net liabilities ( 186,252) ( 127,713)
_______ _______
Capital and reserves
Called up share capital 20 20
Share premium account 29,981 29,981
Profit and loss account ( 216,253) ( 157,714)
_______ _______
Shareholders deficit ( 186,252) ( 127,713)
_______ _______
For the year ending 29 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 year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 February 2024 , and are signed on behalf of the board by:
Kabir Jheeta
Director
Company registration number: 11940419
CAPITAL HOMES AND INVESTMENTS LIMITED
Notes to the financial statements
Year ended 29 April 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Suite 02 Unit 14, Bourne Court, Southend Road, Woodford Green, IG8 8HD.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the balance sheet date, the financial statements show that the company has liabilities in excess of assets of £186,252 (2022: £127,713) as a result of losses made to date. The financial statements have been prepared on a going concern basis as the directors have confirmed that they will continue to support the company for the foreseeable future and meet the excess liabilities if the company is unable to do so.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment - 20 % reducing balance
Plant and machinery - 20 % reducing balance
Fixtures & fittings - 20 % reducing balance
Motor vehicles - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Computer equipment Plant and machinery Fixtures and fittings Total
£ £ £ £
Cost
At 30 April 2022 and 29 April 2023 6,566 13,984 1,139 21,689
_______ _______ _______ _______
Depreciation
At 30 April 2022 2,523 5,924 410 8,857
Charge for the year 809 1,612 146 2,567
_______ _______ _______ _______
At 29 April 2023 3,332 7,536 556 11,424
_______ _______ _______ _______
Carrying amount
At 29 April 2023 3,234 6,448 583 10,265
_______ _______ _______ _______
At 29 April 2022 4,043 8,060 729 12,832
_______ _______ _______ _______
6. Debtors
2023 2022
£ £
Other debtors - 1,000
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 5,010 5,000
Trade creditors 120 9,699
Social security and other taxes 5,015 12,003
Other creditors 150,122 75,602
_______ _______
160,267 102,304
_______ _______
Other creditors include directors loan account of £64,199 (2022: £49,576) and amount owed to Kaya Landmarks Ltd, a company under common control of £61,970 (2022: £4,041)
8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 36,250 40,000
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Kabir Jheeta ( 49,576) ( 14,623) - ( 64,199)
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Kabir Jheeta ( 6,206) ( 49,576) 6,206 ( 49,576)
_______ _______ _______ _______
10. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2023 2022 2023 2022
£ £ £ £
Kaya Landmarks Ltd - - ( 61,970) ( 4,041)
_______ _______ _______ _______