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Company No: 09188407 (England and Wales)

CANPROP ESPANA TWO LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2023
Pages for filing with the registrar

CANPROP ESPANA TWO LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2023

Contents

CANPROP ESPANA TWO LIMITED

BALANCE SHEET

As at 31 August 2023
CANPROP ESPANA TWO LIMITED

BALANCE SHEET (continued)

As at 31 August 2023
Note 2023 2022
Current assets
Stocks 560,323 560,323
Debtors 3 122,127 122,127
Cash at bank and in hand 4 8,026 3,415
690,476 685,865
Creditors: amounts falling due within one year 5 ( 42,952) ( 30,707)
Net current assets 647,524 655,158
Total assets less current liabilities 647,524 655,158
Accruals and deferred income ( 4,441) ( 2,217)
Net assets 643,083 652,941
Capital and reserves
Called-up share capital 6 138 138
Profit and loss account 642,945 652,803
Total shareholders' funds 643,083 652,941

For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Canprop Espana Two Limited (registered number: 09188407) were approved and authorised for issue by the Director on 13 February 2024. They were signed on its behalf by:

C J Mitchell
Director
CANPROP ESPANA TWO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
CANPROP ESPANA TWO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Canprop Espana Two Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hendford Manor, 33 Hendford, Yeovil, BA20 1UN, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in EUR which is the functional currency of the Company and rounded to the nearest €.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials and direct labour. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2023 2022
Other debtors 122,127 122,127

4. Cash and cash equivalents

2023 2022
Cash at bank and in hand 8,026 3,415

5. Creditors: amounts falling due within one year

2023 2022
Trade creditors 0 1,737
Other creditors 42,952 28,970
42,952 30,707

6. Called-up share capital

2023 2022
Allotted, called-up and fully-paid
100 Ordinary shares of € 1.38 each 138 138

Share capital is made up of 100 ordinary shares with a nominal value of £100, these shares are converted in to euros at the date of incorporation of 28th August 2014 to give a value of €138 as represented in the financial statements.