Registration number:
Canterbury Twenty Limited
for the Year Ended 31 March 2024
Canterbury Twenty Limited
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
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Detailed Profit and Loss Account |
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 |
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Accountants |
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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:
The following director was appointed after the year end:
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
Canterbury Twenty Limited
Directors' Report for the Year Ended 31 March 2024
......................................... |
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.
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Chartered Accountants
11 Saville Place
Clifton
Bristol
BS8 4EJ
Canterbury Twenty Limited
Profit and Loss Account for the Year Ended 31 March 2024
Note |
2024 |
2023 |
|
Turnover |
|
|
|
Gross profit |
|
|
|
Administrative expenses |
( |
( |
|
Other operating income |
|
|
|
Operating (loss)/profit |
(1,445) |
939 |
|
(Loss)/profit before tax |
( |
|
|
(Loss)/profit for the financial year |
( |
|
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 |
( |
|
Total comprehensive income for the year |
( |
|
Canterbury Twenty Limited
(Registration number: 1190495)
Balance Sheet as at 31 March 2024
Note |
2024 |
2023 |
|
Current assets |
|||
Cash at bank and in hand |
|
- |
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net liabilities |
( |
( |
|
Capital and reserves |
|||
Called up share capital |
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 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
......................................... |
Canterbury Twenty Limited
Statement of Changes in Equity for the Year Ended 31 March 2024
Share capital |
Retained earnings |
Total |
|
At 1 April 2023 |
|
( |
( |
Loss for the year |
- |
( |
( |
At 31 March 2024 |
|
( |
( |
Share capital |
Retained earnings |
Total |
|
At 1 April 2022 |
|
( |
( |
Profit for the year |
- |
|
|
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
General information |
The company is a private company limited by share capital, incorporated in Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Debtors |
Current |
2024 |
2023 |
- |
- |
Canterbury Twenty Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
|
Due within one year |
|||
Loans and borrowings |
- |
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Other creditors |
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|
|
|
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Share capital |
Loans and borrowings |
Current loans and borrowings
2024 |
2023 |
|
Bank overdrafts |
- |
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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 |