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REGISTERED NUMBER: 09123384 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

Canoe Shops UK (2014) Limited

Canoe Shops UK (2014) Limited (Registered number: 09123384)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Canoe Shops UK (2014) Limited

COMPANY INFORMATION
for the year ended 31 December 2023







Directors: Mr C B Dyer
Mr S D Longdon
Mrs J Dyer
Mrs H Longdon





Registered office: Unit 1 & 2 Richmond Place
Central Avenue
Lee Mill Industrial Estate
Ivybridge
Devon
PL21 9RL





Registered number: 09123384 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

Canoe Shops UK (2014) Limited (Registered number: 09123384)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Investments 4 105 105

Current assets
Debtors 5 1,617,694 1,316,801
Cash in hand 100 100
1,617,794 1,316,901
Creditors
Amounts falling due within one year 6 1,617,799 1,316,906
Net current liabilities (5 ) (5 )
Total assets less current liabilities 100 100

Capital and reserves
Called up share capital 7 100 100
Shareholders' funds 100 100

Canoe Shops UK (2014) Limited (Registered number: 09123384)

BALANCE SHEET - continued
31 December 2023


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 Profit & Loss Account has not been delivered.

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





Mr C B Dyer - Director


Canoe Shops UK (2014) Limited (Registered number: 09123384)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Canoe Shops UK (2014) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number, business address 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.

Preparation of consolidated financial statements
The financial statements contain information about Canoe Shops UK (2014) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost. If the directors consider that there has been a permanent diminution in value of an investment such that its value is less than cost then a provision is made to reflect this in the year that it is identified.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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.

Canoe Shops UK (2014) Limited (Registered number: 09123384)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1 January 2023
and 31 December 2023 105
Net book value
At 31 December 2023 105
At 31 December 2022 105

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Canoe & Kayak Distribution Limited
Registered office: Unit 1&2 Richmond Place, Central Avenue, Lee Mill Industrial Estate, Ivybridge, Devon, PL21 9RL.
Nature of business: Retail of canoes and accessories
%
Class of shares: holding
Ordinary 100.00

Canoe Shops UK (2014) Limited (Registered number: 09123384)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. FIXED ASSET INVESTMENTS - continued

Norfolk Canoes Limited
Registered office: Unit 1&2 Richmond Place, Central Avenue, Lee Mill Industrial Estate, Ivybridge, Devon, PL21 9RL.
Nature of business: Retail of canoes and accessories
%
Class of shares: holding
Ordinary 100.00

Kayaks & Paddles (Manchester) Limited
Registered office: Unit 1&2 Richmond Place, Central Avenue, Lee Mill Industrial Estate, Ivybridge, Devon, PL21 9RL.
Nature of business: Retail of canoes and accessories
%
Class of shares: holding
Ordinary 100.00

Cheltenham & Gloucester Canoes Limited
Registered office: Unit 1&2 Richmond Place, Central Avenue, Lee Mill Industrial Estate, Ivybridge, Devon, PL21 9RL.
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 1,377,730 1,316,801
Other debtors 239,964 -
1,617,694 1,316,801

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 1,377,835 1,316,906
Other creditors 239,964 -
1,617,799 1,316,906

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100

Canoe Shops UK (2014) Limited (Registered number: 09123384)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C B Dyer, Mrs J Dyer, S D Longdon and Mrs H Longdon.