Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 07008335 Mr Leonard Edward Jones Adrem Accounting ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07008335 2023-07-31 07008335 2024-07-31 07008335 2023-08-01 2024-07-31 07008335 frs-core:CurrentFinancialInstruments 2024-07-31 07008335 frs-core:Non-currentFinancialInstruments 2024-07-31 07008335 frs-core:FurnitureFittings 2024-07-31 07008335 frs-core:FurnitureFittings 2023-08-01 2024-07-31 07008335 frs-core:FurnitureFittings 2023-07-31 07008335 frs-core:ShareCapital 2024-07-31 07008335 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 07008335 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07008335 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 07008335 frs-bus:SmallEntities 2023-08-01 2024-07-31 07008335 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07008335 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07008335 frs-bus:Director1 2023-08-01 2024-07-31 07008335 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 07008335 frs-countries:EnglandWales 2023-08-01 2024-07-31 07008335 2022-07-31 07008335 2023-07-31 07008335 2022-08-01 2023-07-31 07008335 frs-core:CurrentFinancialInstruments 2023-07-31 07008335 frs-core:Non-currentFinancialInstruments 2023-07-31 07008335 frs-core:ShareCapital 2023-07-31 07008335 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 07008335
Canarias Property Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Adrem Accounting ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07008335
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 170,484 170,484
170,484 170,484
CURRENT ASSETS
Debtors 6 5,553 5,553
Cash at bank and in hand - 1,059
5,553 6,612
Creditors: Amounts Falling Due Within One Year 7 (55,342 ) (55,202 )
NET CURRENT ASSETS (LIABILITIES) (49,789 ) (48,590 )
TOTAL ASSETS LESS CURRENT LIABILITIES 120,695 121,894
Creditors: Amounts Falling Due After More Than One Year 8 (3,741 ) (1,101 )
NET ASSETS 116,954 120,793
CAPITAL AND RESERVES
Called up share capital 9 260,812 260,812
Profit and Loss Account (143,858 ) (140,019 )
SHAREHOLDERS' FUNDS 116,954 120,793
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Leonard Edward Jones
Director
18/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Canarias Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07008335 . The registered office is Wincham House, Greenfield Farm Trading Estate, Congleton, Cheshire, CW12 4TR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 0
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2023 2,456
As at 31 July 2024 2,456
Depreciation
As at 1 August 2023 2,456
As at 31 July 2024 2,456
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
5. Investment Property
2024
£
Fair Value
As at 1 August 2023 and 31 July 2024 170,484
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 5,553 5,553
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) (1 )
Bank loans and overdrafts 17 -
Estate of the Late Mr Brian Charles Cue 54,633 54,633
Accruals and deferred income 693 570
55,342 55,202
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 3,741 1,101
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 260,812 260,812
Page 4