Lordship of Cannington Limited 06437941 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is the ownership of the title Lordship of Cannington. The company is currently inactive. Digita Accounts Production Advanced 6.30.9574.0 true 06437941 2022-11-01 2023-10-31 06437941 2023-10-31 06437941 bus:OrdinaryShareClass1 2023-10-31 06437941 core:RetainedEarningsAccumulatedLosses 2023-10-31 06437941 core:ShareCapital 2023-10-31 06437941 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 06437941 core:Goodwill 2023-10-31 06437941 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-10-31 06437941 bus:SmallEntities 2022-11-01 2023-10-31 06437941 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 06437941 bus:FullAccounts 2022-11-01 2023-10-31 06437941 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 06437941 bus:RegisteredOffice 2022-11-01 2023-10-31 06437941 bus:CompanySecretary1 2022-11-01 2023-10-31 06437941 bus:Director2 2022-11-01 2023-10-31 06437941 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 06437941 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 06437941 core:Goodwill 2022-11-01 2023-10-31 06437941 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-11-01 2023-10-31 06437941 countries:AllCountries 2022-11-01 2023-10-31 06437941 2022-10-31 06437941 core:Goodwill 2022-10-31 06437941 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-10-31 06437941 2021-11-01 2022-10-31 06437941 2022-10-31 06437941 bus:OrdinaryShareClass1 2022-10-31 06437941 core:RetainedEarningsAccumulatedLosses 2022-10-31 06437941 core:ShareCapital 2022-10-31 06437941 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 06437941 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-10-31 06437941 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-11-01 2022-10-31 06437941 2021-10-31 06437941 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06437941

Lordship of Cannington Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Lordship of Cannington Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Lordship of Cannington Limited

Company Information

Director

Mr David John Hitchings

Company secretary

Mrs Maria Hitchings

Registered office

The Grain Bin
Corston
Bath
BA2 9AP

Accountants

Ross & Partners (Bristol) Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

 

Lordship of Cannington Limited

(Registration number: 06437941)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

3

-

-

 

-

-

Current assets

 

Debtors

-

-

 

-

-

Creditors: Amounts falling due within one year

4

(14,203)

(13,903)

Net current liabilities

 

(14,203)

(13,903)

Net liabilities

 

(14,203)

(13,903)

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

(14,204)

(13,904)

Total equity

 

(14,203)

(13,903)

For the financial year ending 31 October 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 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 July 2024
 

.........................................
Mr David John Hitchings
Director

 

Lordship of Cannington Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

Lordship of Cannington Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

3

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 November 2022

8,937

8,937

At 31 October 2023

8,937

8,937

Amortisation

At 1 November 2022

8,937

8,937

At 31 October 2023

8,937

8,937

Carrying amount

At 31 October 2023

-

-

4

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

240

240

Other creditors

13,963

13,663

14,203

13,903

 

Lordship of Cannington Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         

6

Related party transactions

Loans from related parties

2023

Key management
£

Total
£

At start of period

13,663

13,663

Advanced

300

300

At end of period

13,963

13,963

2022

Key management
£

Total
£

At start of period

13,410

13,410

Advanced

253

253

At end of period

13,663

13,663