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REGISTERED NUMBER: 06002914 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

The Canoe Shops (Group) Ltd

The Canoe Shops (Group) Ltd (Registered number: 06002914)






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 6


The Canoe Shops (Group) Ltd

COMPANY INFORMATION
for the year ended 31 December 2023







Directors: Mr C B Dyer
Mr S D Longdon





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





Registered number: 06002914 (England and Wales)





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

The Canoe Shops (Group) Ltd (Registered number: 06002914)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Investments 4 20,000 20,000

Current assets
Debtors 5 1,661,544 385,817
Cash at bank 5 5
1,661,549 385,822
Creditors
Amounts falling due within one year 6 1,651,853 376,126
Net current assets 9,696 9,696
Total assets less current liabilities 29,696 29,696

Capital and reserves
Called up share capital 7 25,099 25,099
Retained earnings 4,597 4,597
Shareholders' funds 29,696 29,696

The Canoe Shops (Group) Ltd (Registered number: 06002914)

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


The Canoe Shops (Group) Ltd (Registered number: 06002914)

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

1. STATUTORY INFORMATION

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

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.

The Canoe Shops (Group) Ltd (Registered number: 06002914)

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.

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
Share in
group
undertakings
£   
Cost
At 1 January 2023
and 31 December 2023 20,000
Net book value
At 31 December 2023 20,000
At 31 December 2022 20,000

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

Kayaks & Paddles (Plymouth) 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

Cornwall 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

The Canoe Shops (Group) Ltd (Registered number: 06002914)

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

4. FIXED ASSET INVESTMENTS - continued

Bournemouth 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

Brighton 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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 382,830 385,817
Other debtors 1,278,714 -
1,661,544 385,817

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 373,139 376,126
Other creditors 1,278,714 -
1,651,853 376,126

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
25,000 Ordinary shares £1 25,000 25,000
99 A ordinary shares £1 99 99
25,099 25,099

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R J and Mrs H A L Dyer.