false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
false
No description of principal activity
2017-01-01
Sage Accounts Production Advanced 2017 Update 4 - FRS
635,954
165,394
801,348
801,348
635,954
2
2
2
xbrli:pure
xbrli:shares
iso4217:GBP
7109522
2017-01-01
2017-12-31
7109522
2017-12-31
7109522
2016-12-31
7109522
2016-01-01
2016-12-31
7109522
2016-12-31
7109522
bus:RegisteredOffice
2017-01-01
2017-12-31
7109522
bus:OrdinaryShareClass1
2017-01-01
2017-12-31
7109522
bus:LeadAgentIfApplicable
2017-01-01
2017-12-31
7109522
bus:Director1
2017-01-01
2017-12-31
7109522
bus:Director2
2017-01-01
2017-12-31
7109522
bus:CompanySecretary1
2017-01-01
2017-12-31
7109522
core:LandBuildings
2017-01-01
2017-12-31
7109522
core:WithinOneYear
2017-12-31
7109522
core:WithinOneYear
2016-12-31
7109522
core:AfterOneYear
2017-12-31
7109522
core:AfterOneYear
2016-12-31
7109522
core:UKTax
2017-01-01
2017-12-31
7109522
core:UKTax
2016-01-01
2016-12-31
7109522
core:ShareCapital
2017-12-31
7109522
core:ShareCapital
2016-12-31
7109522
core:RetainedEarningsAccumulatedLosses
2017-12-31
7109522
core:RetainedEarningsAccumulatedLosses
2016-12-31
7109522
core:CostValuation
core:Non-currentFinancialInstruments
2017-12-31
7109522
core:Non-currentFinancialInstruments
2017-12-31
7109522
core:Non-currentFinancialInstruments
2016-12-31
7109522
core:LandBuildings
2017-12-31
7109522
core:LandBuildings
2016-12-31
7109522
core:LandBuildings
2016-12-31
7109522
bus:FRS102
2017-01-01
2017-12-31
7109522
bus:AuditExemptWithAccountantsReport
2017-01-01
2017-12-31
7109522
bus:FullAccounts
2017-01-01
2017-12-31
7109522
bus:SmallCompaniesRegimeForAccounts
2017-01-01
2017-12-31
7109522
bus:PrivateLimitedCompanyLtd
2017-01-01
2017-12-31
7109522
bus:OrdinaryShareClass1
2017-12-31
7109522
bus:OrdinaryShareClass1
2016-12-31
COMPANY REGISTRATION NUMBER:
7109522
Filleted Unaudited Financial Statements
|
|
Year ended 31 December 2017
Officers and professional advisers
|
1
|
|
|
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
|
2
|
|
|
Statement of financial position
|
3
|
|
|
Notes to the financial statements
|
4 to 6
|
|
|
Officers and Professional Advisers
|
|
The board of directors
|
Mr MJ Hopkins
|
|
Mrs RN Hopkins
|
|
|
Company secretary
|
Mrs RN Hopkins
|
|
|
Registered office
|
Tower Hill
|
|
Haverfordwest
|
|
Pembrokeshire
|
|
United Kingdom
|
|
SA61 1SR
|
|
|
Accountants
|
Evens & Co Ltd
|
|
Chartered Accountants
|
|
Hamilton House
|
|
Hamilton Terrace
|
|
Milford Haven
|
|
Pembrokeshire
|
|
SA73 3JP
|
|
|
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Captiva Holdings Limited
|
|
Year ended 31 December 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Captiva Holdings Limited for the year ended 31 December 2017, which comprise the statement of financial position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Captiva Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 24 June 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Captiva Holdings Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Captiva Holdings Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Captiva Holdings Limited 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 Captiva Holdings Limited. You consider that Captiva Holdings Limited 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 Captiva Holdings Limited. 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.
Evens & Co Ltd
Chartered Accountants
Hamilton House
Hamilton Terrace
Milford Haven
Pembrokeshire
SA73 3JP
29 March 2018
Statement of Financial Position
|
|
31 December 2017
Fixed assets
Tangible assets
|
5
|
801,348
|
635,954
|
Investments
|
6
|
2
|
2
|
|
---------
|
---------
|
|
801,350
|
635,956
|
|
|
|
|
Current assets
Debtors
|
7
|
57
|
–
|
Cash at bank and in hand
|
1,201
|
48
|
|
-------
|
----
|
|
1,258
|
48
|
|
|
|
|
Creditors: amounts falling due within one year
|
8
|
(
156,477)
|
(
160,253)
|
|
---------
|
---------
|
Net current liabilities
|
(
155,219)
|
(
160,205)
|
|
---------
|
---------
|
Total assets less current liabilities
|
646,131
|
475,751
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
9
|
(
580,674)
|
(
451,107)
|
|
---------
|
---------
|
Net assets
|
65,457
|
24,644
|
|
---------
|
---------
|
|
|
|
|
Capital and reserves
Called up share capital
|
10
|
2
|
2
|
Profit and loss account
|
65,455
|
24,642
|
|
--------
|
--------
|
Shareholders funds
|
65,457
|
24,644
|
|
--------
|
--------
|
|
|
|
|
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 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 income and retained earnings has not been delivered.
For the year ending 31 December 2017 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 were approved by the
board of directors
and authorised for issue on
29 March 2018
, and are signed on behalf of the board by:
Company registration number:
7109522
Notes to the Financial Statements
|
|
Year ended 31 December 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tower Hill, Haverfordwest, Pembrokeshire, SA61 1SR, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
The company meets its day to day working capital requirements through the directors' loan account. The directors intend to meet this obligation for the foreseeable future and on this basis they consider it appropriate to prepare the accounts on a going concern basis.
Revenue recognition
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Tangible assets
Tangible assets are initially recorded at cost, and 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.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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.
4.
Tax on profit
Major components of tax expense
Current tax:
UK current tax expense
|
2,816
|
2,191
|
|
-------
|
-------
|
Tax on profit
|
2,816
|
2,191
|
|
-------
|
-------
|
|
|
|
5.
Tangible assets
|
Land and buildings
|
|
£
|
Cost
|
|
At 1 January 2017
|
635,954
|
Additions
|
165,394
|
|
---------
|
At 31 December 2017
|
801,348
|
|
---------
|
Depreciation
|
|
At 1 January 2017 and 31 December 2017
|
–
|
|
---------
|
Carrying amount
|
|
At 31 December 2017
|
801,348
|
|
---------
|
At 31 December 2016
|
635,954
|
|
---------
|
|
|
6.
Investments
|
Shares in group undertakings
|
|
£
|
Cost
|
|
At 1 January 2017 and 31 December 2017
|
2
|
|
----
|
Impairment
|
|
At 1 January 2017 and 31 December 2017
|
–
|
|
----
|
|
|
Carrying amount
|
|
At 31 December 2017
|
2
|
|
----
|
At 31 December 2016
|
2
|
|
----
|
|
|
The company has a 100% subsidiary, The Development Company UK Limited, a company registered in England and Wales which provides management training and consultancy services.
At 30 September 2017 the aggregate share capital and reserves of The Development Company UK Limited amounted to £145,257 (2016 - £72,423) and the profit £101,834 (2016 - £45,368).
Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
7.
Debtors
|
2017
|
2016
|
|
£
|
£
|
Other debtors
|
57
|
–
|
|
----
|
----
|
|
|
|
Other debtors include an amount of £nil (2016 - £nil) falling due after more than one year.
8.
Creditors:
amounts falling due within one year
|
2017
|
2016
|
|
£
|
£
|
Bank loans and overdrafts (secured)
|
29,577
|
19,644
|
Corporation tax
|
2,816
|
2,191
|
Other creditors
|
124,084
|
138,418
|
|
---------
|
---------
|
|
156,477
|
160,253
|
|
---------
|
---------
|
|
|
|
9.
Creditors:
amounts falling due after more than one year
|
2017
|
2016
|
|
£
|
£
|
Bank loans and overdrafts (secured)
|
580,674
|
451,107
|
|
---------
|
---------
|
|
|
|
The bank facilities are secured by legal charges held by Barclays Bank Plc over the property of the company.
Finance Wales Investments (10) Ltd hold a fixed charge over the assets of the company.
Included within creditors: amounts falling due after more than one year is an amount of £462,366 (2016 - £372,532) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
10.
Called up share capital
Issued, called up and fully paid
|
2017
|
2016
|
|
No.
|
£
|
No.
|
£
|
Ordinary shares of £ 1 each
|
2
|
2
|
2
|
2
|
|
----
|
----
|
----
|
----
|
|
|
|
|
|
11.
Related party transactions
The company was under the control of
Mr MJ Hopkins
and Mrs RH Hopkins throughout the current and previous year. Mr MJ Hopkins
and Mrs RH Hopkins are the managing directors and majority shareholders. During the year the company received dividends to the value of £29,000 (2016 - £30,000) from The Development Company UK Limited, a wholly owned subsidiary of the company. During the year the company paid dividends totalling £nil (2016 - £30,000) to Mr MJ Hopkins
and Mrs RH Hopkins, the managing directors.