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REGISTERED NUMBER: 04176022 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Canute Investments Limited

Canute Investments Limited (Registered number: 04176022)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Canute Investments Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: A P Marshall
G Marshall
M J Ventham





SECRETARY: M J Ventham





REGISTERED OFFICE: 22 St Stephens Road
Cold Norton
Chelmsford
Essex
CM3 6JE





REGISTERED NUMBER: 04176022 (England and Wales)





ACCOUNTANTS: Michael J Ventham
Chartered Accountants
22 St. Stephens Road
Cold Norton
Chelmsford
Essex
CM3 6JE

Canute Investments Limited (Registered number: 04176022)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,711 8,437
Investments 5 145 160
5,856 8,597

CURRENT ASSETS
Debtors 6 4,695,432 5,182,466
Cash at bank 8,080 4,019
4,703,512 5,186,485
CREDITORS
Amounts falling due within one year 7 75,454 83,618
NET CURRENT ASSETS 4,628,058 5,102,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,633,914

5,111,464

CREDITORS
Amounts falling due after more than one
year

8

19,813

22,412
NET ASSETS 4,614,101 5,089,052

CAPITAL AND RESERVES
Called up share capital 158 158
Retained earnings 4,613,943 5,088,894
4,614,101 5,089,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Canute Investments Limited (Registered number: 04176022)

Balance Sheet - continued
31 July 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2024 and were signed on its behalf by:





M J Ventham - Director


Canute Investments Limited (Registered number: 04176022)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Canute Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 69,062 20,445 89,507
Exchange differences (6,741 ) - (6,741 )
At 31 July 2023 62,321 20,445 82,766
DEPRECIATION
At 1 August 2022 60,625 20,445 81,070
Charge for year 2,007 - 2,007
Exchange differences (6,022 ) - (6,022 )
At 31 July 2023 56,610 20,445 77,055
NET BOOK VALUE
At 31 July 2023 5,711 - 5,711
At 31 July 2022 8,437 - 8,437

Canute Investments Limited (Registered number: 04176022)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022 160
Exchange differences (15 )
At 31 July 2023 145
NET BOOK VALUE
At 31 July 2023 145
At 31 July 2022 160

6. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Other debtors 42,298 14,654
GST 62 2,870
42,360 17,524

Amounts falling due after more than one year:
Amounts owed by group undertakings 4,653,072 5,164,942

Aggregate amounts 4,695,432 5,182,466

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other Creditors 75,454 83,618

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Amt Owed to Group Undertaking 19,540 21,654
Trade creditors 273 758
19,813 22,412