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REGISTERED NUMBER: 10391138 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CANALSIDE HOLDINGS LIMITED

CANALSIDE HOLDINGS LIMITED (REGISTERED NUMBER: 10391138)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CANALSIDE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: K C Barton
Mrs W A Barton
Mrs A Barton
G Barton





REGISTERED OFFICE: Canalside Farm
Mill Lane
Great Haywood
Stafford
Staffordshire
ST18 0RQ





REGISTERED NUMBER: 10391138 (England and Wales)





ACCOUNTANTS: Deans
Chartered Accountants
Gibson House
Hurricane Court
Hurricane Close
Stafford
ST16 1GZ

CANALSIDE HOLDINGS LIMITED (REGISTERED NUMBER: 10391138)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,627,250 1,594,543

CURRENT ASSETS
Stocks 82,789 72,627
Debtors 5 54,075 21,438
Cash at bank and in hand 526,464 392,238
663,328 486,303
CREDITORS
Amounts falling due within one year 6 (347,600 ) (274,564 )
NET CURRENT ASSETS 315,728 211,739
TOTAL ASSETS LESS CURRENT LIABILITIES 1,942,978 1,806,282

CREDITORS
Amounts falling due after more than one
year

7

(64,681

)

(302,084

)

PROVISIONS FOR LIABILITIES (406,813 ) (398,635 )
NET ASSETS 1,471,484 1,105,563

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,471,384 1,105,463
SHAREHOLDERS' FUNDS 1,471,484 1,105,563

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.

CANALSIDE HOLDINGS LIMITED (REGISTERED NUMBER: 10391138)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2024 and were signed on its behalf by:




K C Barton - Director



Mrs W A Barton - Director


CANALSIDE HOLDINGS LIMITED (REGISTERED NUMBER: 10391138)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Canalside Holdings 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 section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

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

Farm sales
Turnover from the sale of farm produce and various pick your own events is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods or point of sale.

Farm shop
Turnover from the sale of farm shop items is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually at the point of sale..

Cafe
Turnover from the sale of food and drink is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance, Straight line over 4 years and Straight line over 10 years
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% or 25% reducing balance
Computer equipment - 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

CANALSIDE HOLDINGS LIMITED (REGISTERED NUMBER: 10391138)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Government grants
Government Grants in respect of Covid-19 received as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs are recognised as income in the period in which the grant becomes receivable using the accruals model.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2022 - 53 ) .

CANALSIDE HOLDINGS LIMITED (REGISTERED NUMBER: 10391138)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 1,380,357 417,859 171,378
Additions - 65,732 6,990
At 31 December 2023 1,380,357 483,591 178,368
DEPRECIATION
At 1 January 2023 - 286,448 108,607
Charge for year - 27,210 10,465
At 31 December 2023 - 313,658 119,072
NET BOOK VALUE
At 31 December 2023 1,380,357 169,933 59,296
At 31 December 2022 1,380,357 131,411 62,771

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 54,787 55,705 2,080,086
Additions - 777 73,499
At 31 December 2023 54,787 56,482 2,153,585
DEPRECIATION
At 1 January 2023 49,977 40,511 485,543
Charge for year 721 2,396 40,792
At 31 December 2023 50,698 42,907 526,335
NET BOOK VALUE
At 31 December 2023 4,089 13,575 1,627,250
At 31 December 2022 4,810 15,194 1,594,543

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 38,975 18,222
Prepayments 15,100 3,216
54,075 21,438

CANALSIDE HOLDINGS LIMITED (REGISTERED NUMBER: 10391138)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 121,672 106,282
Tax 137,883 90,070
Social security and other taxes 13,765 11,159
VAT 59,043 55,533
Other creditors 8,291 6,144
Accruals and deferred income 6,946 5,376
347,600 274,564

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Moorings loan 88,374 79,048
Intercompany loan (23,693 ) 223,036
64,681 302,084

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary B £1 10 10
10 Ordinary C £1 8 8
80 Ordinary A £1 82 82
100 100