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REGISTERED NUMBER: 02675785 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 December 2023

for

CANNONCOURT LIMITED

CANNONCOURT LIMITED (Registered number: 02675785)






Contents of the Financial Statements
for the Year Ended 30 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

CANNONCOURT LIMITED

Company Information
for the Year Ended 30 December 2023







DIRECTORS: L Breathwick
M L Breathwick
Ms K J Breathwick





SECRETARY: Ms K J Breathwick





REGISTERED OFFICE: Suite 100 Atterbury Lakes
Fairbourne Drive
Atterbury
Milton Keynes
MK10 9RG





REGISTERED NUMBER: 02675785 (England and Wales)






CANNONCOURT LIMITED (Registered number: 02675785)

Balance Sheet
30 December 2023

30.12.23 30.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,746 2,445
Investments 5 491,047 482,620
Investment property 6 2,286,193 2,286,193
2,778,986 2,771,258

CURRENT ASSETS
Debtors 7 19,938 5,020
Cash at bank 242,169 192,163
262,107 197,183
CREDITORS
Amounts falling due within one year 8 49,759 27,083
NET CURRENT ASSETS 212,348 170,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,991,334

2,941,358

CREDITORS
Amounts falling due after more than one year 9 - 24
NET ASSETS 2,991,334 2,941,334

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 11 2,986,334 2,936,334
2,991,334 2,941,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

CANNONCOURT LIMITED (Registered number: 02675785)

Balance Sheet - continued
30 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:




M L Breathwick - Director



Ms K J Breathwick - Director


CANNONCOURT LIMITED (Registered number: 02675785)

Notes to the Financial Statements
for the Year Ended 30 December 2023

1. STATUTORY INFORMATION

CANNONCOURT 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 as modified by the revaluation of certain assets.

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

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

Investment property
The company's investment properties are held for long term investment and are included in the balance sheet at their fair values. Depreciation is not provided in respect of freehold investment properties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

CANNONCOURT LIMITED (Registered number: 02675785)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 31 December 2022
and 30 December 2023 2,794
DEPRECIATION
At 31 December 2022 349
Charge for year 699
At 30 December 2023 1,048
NET BOOK VALUE
At 30 December 2023 1,746
At 30 December 2022 2,445

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 31 December 2022 482,620
Additions 21,390
Disposals (30,737 )
Revaluations 17,774
At 30 December 2023 491,047
NET BOOK VALUE
At 30 December 2023 491,047
At 30 December 2022 482,620

Cost or valuation at 30 December 2023 is represented by:

Other
investments
£   
Valuation in 2017 10,688
Valuation in 2018 (6,082 )
Valuation in 2019 18,013
Valuation in 2020 5,999
Valuation in 2021 21,134
Valuation in 2022 (102,070 )
Valuation in 2023 (17,458 )
Cost 560,823
491,047

CANNONCOURT LIMITED (Registered number: 02675785)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 December 2022
and 30 December 2023 2,286,193
NET BOOK VALUE
At 30 December 2023 2,286,193
At 30 December 2022 2,286,193

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Other debtors & prepayments 5,014 5,020
Prepayments 14,924 -
19,938 5,020

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Trade creditors - (1 )
Corporation Tax 9,345 4,301
Social security and other taxes (2,196 ) (1,639 )
VAT 3,587 298
Other creditors 9,750 -
Rent received in advance 16,152 18,665
Directors' current accounts 312 312
Accruals & other creditors 12,809 5,147
49,759 27,083

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.12.23 30.12.22
£    £   
Trade creditors - 24

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.12.23 30.12.22
£    £   
Within one year 7,685 7,685
Between one and five years 1,921 9,606
9,606 17,291

CANNONCOURT LIMITED (Registered number: 02675785)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

11. RESERVES
Retained
earnings
£   

At 31 December 2022 2,936,334
Profit for the year 50,000
At 30 December 2023 2,986,334

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
CANNONCOURT LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CANNONCOURT LIMITED for the year ended 30 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of CANNONCOURT LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CANNONCOURT LIMITED and state those matters that we have agreed to state to the Board of Directors of CANNONCOURT LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CANNONCOURT LIMITED and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that CANNONCOURT LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CANNONCOURT LIMITED. You consider that CANNONCOURT LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of CANNONCOURT LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.








Date: .............................................