Company Registration No. 13892573 (England and Wales)
Canning Business Centre Limited
Unaudited accounts
for the period from 4 February 2022 to 31 March 2023
Canning Business Centre Limited
Unaudited accounts
Contents
Canning Business Centre Limited
Company Information
for the period from 4 February 2022 to 31 March 2023
Directors
Abdul Rashid THADHA
Mohamed Yahya THADHA
Suleman Aziz THADHA
Company Number
13892573 (England and Wales)
Registered Office
85 Highway Road
Leicester
LE5 5RF
Accountants
Ghumra & Co Limited
122 Charles Street
Leicester
LE1 1LB
Canning Business Centre Limited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
43,702
Creditors: amounts falling due within one year
(1,200)
Total assets less current liabilities
2,377,703
Creditors: amounts falling due after more than one year
(2,443,215)
Profit and loss account
(65,512)
Shareholders' funds
(65,512)
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by
Mohamed Yahya THADHA
Director
Company Registration No. 13892573
Canning Business Centre Limited
Notes to the Accounts
for the period from 4 February 2022 to 31 March 2023
Canning Business Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 13892573. The registered office is 85 Highway Road, Leicester, LE5 5RF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
4
Tangible fixed assets
Land & buildings
At 31 March 2023
2,382,860
Charge for the period
47,659
At 31 March 2023
2,335,201
5
Creditors: amounts falling due within one year
2023
6
Creditors: amounts falling due after more than one year
2023
Canning Business Centre Limited
Notes to the Accounts
for the period from 4 February 2022 to 31 March 2023
7
Transactions with related parties
Other creditors include the following interest free loans:
£833,661 due to Price Cut Books Limited, a company in which Abdul Rashid Thadha is interested as a director and shareholder;
£121,266 due to MY Thada Investments Limited, a company in which Mohamed Yahya Thadha is interested as a director and shareholder;
£793,661 due to PCS Books Limited, a company in which Suleman Aziz Thadha is interested as a director and shareholder; and
£693,877 due to Koblit Limited, a company in which Mohamed Yahya Thadha is interested as a director and shareholder;
8
Average number of employees
During the period the average number of employees was 3.