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Registration number: 1190495

Canterbury Twenty Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Canterbury Twenty Limited

Contents

Company Information

1

Directors' Report

2 to 3

Accountants' Report

4

Profit and Loss Account

5

Statement of Comprehensive Income

6

Balance Sheet

7

Statement of Changes in Equity

8

Notes to the Unaudited Financial Statements

9 to 11

Detailed Profit and Loss Account

12 to 13

 

Canterbury Twenty Limited

Company Information

Directors

DJ Forrester

GE Budd

CM Kitt

PK Purchase

SM Purchase

LG Andrews

IJ Matthews

DE Rees

K Rees

CJ Walker-Shepherd

J Curtis

VV Henry

K Thackery

RA Springer

B Spokes

S Lee

A Mitra

R Hutchinson

Klein S

S Collard

Company secretary

PK Purchase

Registered office

7 Canterbury Court
Duchess Way
Bristol
BS16 1BY

Accountants

Janet Essex Chartered Accountants
Chartered Accountants
Saville Court
11 Saville Place
Clifton
Bristol
BS8 4EJ

 

Canterbury Twenty Limited

Directors' Report for the Year Ended 31 March 2024

The directors present their report and the financial statements for the year ended 31 March 2024.

Directors of the company

The directors who held office during the year were as follows:

DJ Forrester

GE Budd

N Rees (died 13 June 2023)

HJ Maurice (resigned 31 May 2023)

M Best (died 4 June 2023)

CM Kitt

PK Purchase - Company secretary and director

SM Purchase

LG Andrews

IJ Matthews

DE Rees (appointed 1 July 2023)

K Rees

CJ Walker-Shepherd

J Curtis

VV Henry

K Thackery (appointed 1 June 2023)

RA Springer

B Spokes

S Lee

A Mitra

R Hutchinson

S Collard

The following director was appointed after the year end:

Klein S (appointed 26 July 2024)

Principal activity

The principal activity of the company is the management and maintenance of the property known as Canterbury Court

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 14 November 2024 and signed on its behalf by:
 

 

Canterbury Twenty Limited

Directors' Report for the Year Ended 31 March 2024

.........................................
PK Purchase
Company secretary and director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Canterbury Twenty Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Canterbury Twenty Limited for the year ended 31 March 2024 as set out on pages 5 to 11 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Canterbury Twenty Limited, as a body, in accordance with the terms of our engagement letter dated 12 September 2019. Our work has been undertaken solely to prepare for your approval the accounts of Canterbury Twenty Limited and state those matters that we have agreed to state to the Board of Directors of Canterbury Twenty Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Canterbury Twenty Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Canterbury Twenty Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Canterbury Twenty Limited. You consider that Canterbury Twenty 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 accounts of Canterbury Twenty 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 accounts.

......................................

Janet Essex Chartered Accountants
Chartered Accountants
Saville Court
11 Saville Place
Clifton
Bristol
BS8 4EJ

14 November 2024

 

Canterbury Twenty Limited

Profit and Loss Account for the Year Ended 31 March 2024

Note

2024
£

2023
£

Turnover

 

29,212

18,228

Gross profit

 

29,212

18,228

Administrative expenses

 

(30,693)

(18,189)

Other operating income

 

36

900

Operating (loss)/profit

 

(1,445)

939

(Loss)/profit before tax

(1,445)

939

(Loss)/profit for the financial year

 

(1,445)

939

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Canterbury Twenty Limited

Statement of Comprehensive Income for the Year Ended 31 March 2024

2024
£

2023
£

(Loss)/profit for the year

(1,445)

939

Total comprehensive income for the year

(1,445)

939

 

Canterbury Twenty Limited

(Registration number: 1190495)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

532

-

Creditors: Amounts falling due within one year

5

(6,188)

(4,211)

Net liabilities

 

(5,656)

(4,211)

Capital and reserves

 

Called up share capital

6

20

20

Retained earnings

(5,676)

(4,231)

Shareholders' deficit

 

(5,656)

(4,211)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 14 November 2024 and signed on its behalf by:
 

.........................................
CM Kitt
Director

 

Canterbury Twenty Limited

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
£

Retained earnings
£

Total
£

At 1 April 2023

20

(4,231)

(4,211)

Loss for the year

-

(1,445)

(1,445)

At 31 March 2024

20

(5,676)

(5,656)

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

20

(5,170)

(5,150)

Profit for the year

-

939

939

At 31 March 2023

20

(4,231)

(4,211)

 

Canterbury Twenty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in Wales.

The address of its registered office is:
7 Canterbury Court
Duchess Way
Bristol
BS16 1BY

These financial statements were authorised for issue by the Board on 14 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Canterbury Twenty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Debtors

Current

2024
£

2023
£

 

-

-

 

Canterbury Twenty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

-

1,236

Other creditors

 

6,188

2,975

 

6,188

4,211

6

Share capital

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

-

1,236

 

Canterbury Twenty Limited

Detailed Profit and Loss Account for the Year Ended 31 March 2024

2024
 £

2023
 £

turnover (analysed below)

29,212

18,228

Gross profit (%)

100%

100%

Administrative expenses

Employment costs (analysed below)

(560)

(440)

Establishment costs (analysed below)

(26,669)

(14,629)

General administrative expenses (analysed below)

(2,923)

(2,832)

Finance charges (analysed below)

(541)

(288)

(30,693)

(18,189)

Other operating income (analysed below)

36

900

Operating (loss)/profit

(1,445)

939

(Loss)/profit before tax

(1,445)

939

 

Canterbury Twenty Limited

Detailed Profit and Loss Account for the Year Ended 31 March 2024

2024
 £

2023
 £

turnover

Sale of goods, UK

29,212

18,228

Employment costs

Subcontract cost

(560)

(440)

Establishment costs

Rent

(300)

(500)

Light, heat and power

(1,518)

(962)

Insurance

(6,467)

(4,781)

Repairs and maintenance

(5,060)

(4,418)

Repairs and renewals

(11,111)

-

General maintenance

(2,213)

(3,968)

(26,669)

(14,629)

General administrative expenses

Printing, postage and stationery

(810)

(1,057)

Sundry expenses

(13)

-

Cleaning

(1,200)

(1,100)

Accountancy fees

(900)

(675)

(2,923)

(2,832)

Finance charges

Bank charges

(541)

(288)

Other operating income

Other operating income

36

900

Operating (loss)/profit

(1,445)

939

(Loss)/profit before tax

(1,445)

939