Caseware UK (AP4) 2021.0.152 2021.0.152 true2020-04-01false0The principal activity of the company during the year was that of an investment company.0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02888586 2020-04-01 2021-03-31 02888586 2021-03-31 02888586 2019-04-01 2020-03-31 02888586 2020-03-31 02888586 c:Director3 2020-04-01 2021-03-31 02888586 d:CurrentFinancialInstruments 2021-03-31 02888586 d:CurrentFinancialInstruments 2020-03-31 02888586 d:Non-currentFinancialInstruments 2021-03-31 02888586 d:Non-currentFinancialInstruments 2020-03-31 02888586 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 02888586 d:CurrentFinancialInstruments d:WithinOneYear 2020-03-31 02888586 d:Non-currentFinancialInstruments d:AfterOneYear 2021-03-31 02888586 d:Non-currentFinancialInstruments d:AfterOneYear 2020-03-31 02888586 d:ShareCapital 2021-03-31 02888586 d:ShareCapital 2020-03-31 02888586 d:RetainedEarningsAccumulatedLosses 2021-03-31 02888586 d:RetainedEarningsAccumulatedLosses 2020-03-31 02888586 c:OrdinaryShareClass1 2020-04-01 2021-03-31 02888586 c:OrdinaryShareClass1 2021-03-31 02888586 c:OrdinaryShareClass1 2020-03-31 02888586 c:FRS102 2020-04-01 2021-03-31 02888586 c:AuditExempt-NoAccountantsReport 2020-04-01 2021-03-31 02888586 c:FullAccounts 2020-04-01 2021-03-31 02888586 c:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31 02888586 3 2021-03-31 02888586 3 2020-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 02888586













Canarybury Limited

Financial statements
Information for filing with the registrar

31 March 2021




 
Canarybury Limited


Statement of financial position
As at 31 March 2021

2021
2020
Note
£
£

Fixed assets
  

Investments
 5 
298
298

  
298
298

Current assets
  

Debtors: amounts falling due within one year
 6 
1,054,218
1,054,218

Bank and cash balances
  
2,156
2,216

  
1,056,374
1,056,434

Creditors: amounts falling due within one year
 7 
(61,981)
(60,841)

Net current assets
  
 
 
994,393
 
 
995,593

Total assets less current liabilities
  
994,691
995,891

Creditors: amounts falling due after more than one year
 8 
(1,000,000)
(1,000,000)

  

Net liabilities
  
(5,309)
(4,109)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(5,409)
(4,209)

  
(5,309)
(4,109)


1

 
Canarybury Limited

    
Statement of financial position (continued)
As at 31 March 2021

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 August 2022.




Mr A W K Graham
Director

Registered number: 02888586
The notes on pages 3 to 5 form part of these financial statements. 

2

 
Canarybury Limited
 
 

Notes to the financial statements
For the year ended 31 March 2021

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 12 Colworth Grove, Browning Street, London, SE17 1LR.


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

 
3.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity

The following principal accounting policies have been applied:

  

Going concern

The financial statements are prepared on a going concern basis, the validity of which depends upon the continued financial support, which has been provided by a loan from the directors who have indicated this support will continue for the foreseeable future. The directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

  

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102 1A.

  

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

  

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


4.


Employees

The company has no employees other than the directors, who did not receive any remuneration.

3

 
Canarybury Limited
 
 

Notes to the financial statements
For the year ended 31 March 2021

5.


Investments





Other fixed asset investments

£



Cost or valuation


At 1 April 2020
298



At 31 March 2021

298






Net book value



At 31 March 2021
298



At 31 March 2020
298

The company owns 99% of the issued share capital of Inversione Chipstead SL a company incorporated in Spain.


6.


Debtors

2021
2020
£
£


Other debtors
1,054,218
1,054,218

1,054,218
1,054,218



7.


Creditors: amounts falling due within one year

2021
2020
£
£

Other creditors
59,701
59,701

Accruals and deferred income
2,280
1,140

61,981
60,841


4

 
Canarybury Limited
 
 

Notes to the financial statements
For the year ended 31 March 2021

8.


Creditors: amounts falling due after more than one year

2021
2020
£
£

Other loans
1,000,000
1,000,000

1,000,000
1,000,000


Included within other loans is a loan of £400,000 which is secured by a first and fixed charge on the assets of the company.


9.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



100 (2020 -100) ordinary shares of £1.00 each
100
100



10.


Related party transactions

The directors operated a loan account with the company to record amounts owed to them or amounts drawn by them.  The amount owed to the directors at the year end was £59,404 (2020: £59,404).
 
Included within other loans is a long term loan from the directors of £600,000 (2020: £600,000).  The loan is unsecured and interest free.

Included in other loans is a fully authorised interest bearing loan of £400,000 (2020: £400,000) due to Gisela Graham Limited, a company in which Mr and Mrs Graham are both directors and shareholders.  All rights to interest payments under the terms of the debenture have been waived for this and the previous year.

Included in other debtors is an interest bearing loan of £1,054,218 (2020: £1,054,218) to Inversione Chipstead SL, a Spanish company in which the company holds 99% of the issued share capital. During this and the previous year the interest payments under the terms of the loan have been waived.

5