Capel Investments Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06381146 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2023

for

Capel Investments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

R F Muston

D T Muston

J C Muston - Dec'd

J M Muston

SECRETARY:

D T Muston

REGISTERED OFFICE:

Youngs Forge

Main Street

Wysall

Nottinghamshire

NG12 5QS

REGISTERED NUMBER:

06381146 (England and Wales)

ACCOUNTANTS:

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

FIXED ASSETS

Investment property

4

1,280,000

1,430,000

CURRENT ASSETS

Debtors

5

13,235

46,658

Investments

6

809,245

752,764

Cash at bank

115,466

57,916

937,946

857,338

CREDITORS

Amounts falling due within one year

7

40,016

8,505

NET CURRENT ASSETS

897,930

848,833

TOTAL ASSETS LESS CURRENT LIABILITIES

2,177,930

2,278,833

CREDITORS

Amounts falling due after more than one year

8

(162,815

)

(161,642

)

PROVISIONS FOR LIABILITIES

(20,353

)

(49,048

)

NET ASSETS

1,994,762

2,068,143

CAPITAL AND RESERVES

Called up share capital

9

101

101

Share premium

577,858

577,858

Revaluation reserve

249,173

399,173

Retained earnings

1,167,630

1,091,011

SHAREHOLDERS' FUNDS

1,994,762

2,068,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 9 May 2024 and were signed on its behalf by:

R F Muston - Director

1.	STATUTORY INFORMATION

Capel Investments Ltd 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.

Turnover

Turnover 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2022

1,430,000

Revaluations

(150,000

)

At 31 October 2023

1,280,000

NET BOOK VALUE

At 31 October 2023

1,280,000

At 31 October 2022

1,430,000

Fair value at 31 October 2023 is represented by:

£

Valuation in 2010

1,047,741

Valuation in 2020

172,259

Valuation in 2021

50,000

Valuation in 2022

160,000

Valuation in 2023

(150,000

)

1,280,000

If investment property had not been revalued it would have been included at the following historical cost:

31.10.23

31.10.22

£

£

Cost

1,052,581

1,052,581

Investment property was valued on an open market basis on 31 October 2023 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.23

31.10.22

£

£

Trade debtors

340

340

Other debtors

12,895

46,318

13,235

46,658

6.	CURRENT ASSET INVESTMENTS

31.10.23

31.10.22

£

£

Unlisted investments

809,245

752,764

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.23

31.10.22

£

£

Trade creditors

50

572

Taxation and social security

303

5,982

Other creditors

39,663

1,951

40,016

8,505

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.23

31.10.22

£

£

Other creditors

162,815

161,642

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.23

31.10.22

value:

£

£

10,100

Ordinary

1p

101

101

10.	FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £21,600 (2022: £28,800).

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Capel Investments Ltd for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Capel Investments Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Capel Investments Ltd and state those matters that we have agreed to state to the Board of Directors of Capel Investments Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Capel Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Capel Investments Ltd. You consider that Capel Investments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Capel Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

9 May 2024