Canham House Ltd 09464928 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is a holding company. Digita Accounts Production Advanced 6.30.9574.0 true true 09464928 2022-07-01 2023-06-30 09464928 2023-06-30 09464928 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 09464928 bus:SmallEntities 2022-07-01 2023-06-30 09464928 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 09464928 bus:FullAccounts 2022-07-01 2023-06-30 09464928 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 09464928 bus:RegisteredOffice 2022-07-01 2023-06-30 09464928 bus:Director1 2022-07-01 2023-06-30 09464928 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09464928 countries:EnglandWales 2022-07-01 2023-06-30 09464928 2021-07-01 2022-06-30 09464928 2022-06-30 09464928 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 09464928

Canham House Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

Pages for Filing with Registrar

 

Canham House Ltd

(Registration number: 09464928)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Current assets

 

Stock

4

162,127

159,907

Creditors: Amounts falling due within one year

5

(174,685)

(170,615)

Net liabilities

 

(12,558)

(10,708)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(12,559)

(10,709)

Shareholders' deficit

 

(12,558)

(10,708)

For the financial year ending 30 June 2023 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 February 2024 and signed on its behalf by:
 

.........................................
JS Jackson
Director

 

Canham House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales.

Principal activity

The principal activity of the Company is a holding company.

The address of its registered office is:
44 Fulham High Street
London
SW6 3LQ
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company is dependent on the support of its parent company to continue as a going concern. Confirmation of this support has been provided and the directors consider it appropriate to prepare the accounts on a going concern basis.

Should the support not continue, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current and long term liabilities as current liabilities.

 

Canham House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a
change attributable to an item of income or expense recognised as other comprehensive income is also
recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted
or substantively enacted by the reporting date in the countries where the company operates and
generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets
and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax
credits in the Company. Deferred income tax is determined using tax rates and laws that have been
enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation
allowance is set up against deferred tax assets so that the net carrying amount equals the highest
amount that is more likely than not to be recovered based on current or future taxable profit.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other creditors and loans from third parties,

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Stock

Properties held for resale are valued at the lower of cost and net realisable value. Net realisable value is deemed to be estimated sales proceeds less attributable costs.

 

Canham House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the Company (including directors) during the year, was 0 (2022 - 0).

4

Stock

2023
£

2022
£

Stock

162,127

159,907

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Amounts owed to group undertakings

172,835

169,115

Other creditors

1,850

1,500

174,685

170,615