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REGISTERED NUMBER: 09338008 (England and Wales)















Canal K Limited

Financial Statements

for the Year Ended 31 December 2023






Canal K Limited (Registered number: 09338008)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Canal K Limited

Company Information
for the year ended 31 December 2023







Directors: G M Harris
R D Harris





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 09338008 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Canal K Limited (Registered number: 09338008)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,734 2,869

Current assets
Debtors 5 40 40
Cash at bank 5,162,332 6,199,291
5,162,372 6,199,331
Creditors
Amounts falling due within one year 6 85,347 423,999
Net current assets 5,077,025 5,775,332
Total assets less current liabilities 5,078,759 5,778,201

Capital and reserves
Called up share capital 7 110 110
Retained earnings 8 5,078,649 5,778,091
Shareholders' funds 5,078,759 5,778,201

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 12 April 2024 and were signed on its behalf by:




R D Harris - Director


Canal K Limited (Registered number: 09338008)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Canal K 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. In particular, in response to the COVID-19 pandemic, the Directors have tested their cash flow analysis to take into account the impact on their business of possible scenarios brought on by the impact of COVID-19, alongside the measures that they can take to mitigate the impact. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Post balance sheet events
In the view of the Directors given the timing of the outbreak, COVID-19 is considered to be a non-adjusting event as at 31 December 2020 and consequently no adjustment is made to these financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Computer equipments - 25% straight line

3. Employees and directors

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

Canal K Limited (Registered number: 09338008)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Tangible fixed assets
Computer
equipment
£
Cost
At 1 January 2023
and 31 December 2023 5,675
Depreciation
At 1 January 2023 2,806
Charge for year 1,135
At 31 December 2023 3,941
Net book value
At 31 December 2023 1,734
At 31 December 2022 2,869

5. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors 40 40

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors (1 ) (1 )
Tax 77,714 320,216
VAT 4,750 102,700
Accountancy 2,800 1,000
Directors' loan accounts 84 84
85,347 423,999

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
60 A Ordinary £1 60 60
10 B Ordinary £1 10 10
10 C Ordinary share £1 10 10
10 D Ordinary share £1 10 10
10 E Ordinary shares £1 10 10
10 F Ordinary share £1 10 10
110 110

Canal K Limited (Registered number: 09338008)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


8. Reserves
Retained
earnings
£

At 1 January 2023 5,778,091
Profit for the year 250,558
Dividends (950,000 )
At 31 December 2023 5,078,649

9. Control

The company is controlled by Robert D Harris