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REGISTERED NUMBER: 07841273 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CANARYCROWN INVESTMENTS LIMITED

CANARYCROWN INVESTMENTS LIMITED (REGISTERED NUMBER: 07841273)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

CANARYCROWN INVESTMENTS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: M Storfer
J S Storfer





REGISTERED OFFICE: C/O 1st Floor
Japonica House
8 Spring Villa Park
Edgware
Middlesex
HA8 7XT





REGISTERED NUMBER: 07841273 (England and Wales)





ACCOUNTANTS: Cameron Baum Hollander Limited
88 Crawford Street
London
W1H 2EJ

CANARYCROWN INVESTMENTS LIMITED (REGISTERED NUMBER: 07841273)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 110 110
Investment property 5 5,048,165 4,183,513
5,048,275 4,183,623

CURRENT ASSETS
Debtors 41,798 26,568
Cash at bank 39,496 74,698
81,294 101,266
CREDITORS
Amounts falling due within one year 4,110,558 3,213,327
NET CURRENT LIABILITIES (4,029,264 ) (3,112,061 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,019,011

1,071,562

PROVISIONS FOR LIABILITIES 8,901 8,901
NET ASSETS 1,010,110 1,062,661

CAPITAL AND RESERVES
Called up share capital 220 220
Fair value reserve 7 265,277 265,277
Retained earnings 744,613 797,164
SHAREHOLDERS' FUNDS 1,010,110 1,062,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:




M Storfer - Director


CANARYCROWN INVESTMENTS LIMITED (REGISTERED NUMBER: 07841273)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Canarycrown Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of gross rents and services receivable, net of discounts, rebates and value added taxes.

Investments in subsidiaries
Fixed asset investments in subsidiaries and associates have been measured at cost less provision for impairments in value.

Investment property
Investment property is initially measured at cost on acquisition and subsequently at fair value as at each
accounts date. Changes in fair value are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold and charged to the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

CANARYCROWN INVESTMENTS LIMITED (REGISTERED NUMBER: 07841273)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Employee benefits
The company provides a range of benefits to employees, including annual bonus arrangements, paid holiday arrangements and defined contribution pension plans.

Short term benefits:
Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.

Annual bonus plans:
The company recognises a provision and an expense for bonuses where the company has a legal or constructive obligation as a result of past events and a reliable estimate can be made.

Defined contribution pension plans:
The company operates a defined contribution plan. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate fund. Under defined contribution plans, the company has no legal or constructive obligations to pay further contributions if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

For defined contribution plans, the company pays contributions to privately administered pension plans on a contractual or voluntary basis. The company has no further payment obligations once the contributions have been paid. The contributions are recognised as employee benefit expense when they are due. Prepaid contributions are recognised as an asset to the extent that a cash refund or a reduction in the future payments is available.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 110
NET BOOK VALUE
At 31 March 2024 110
At 31 March 2023 110

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 4,183,513
Additions 864,652
At 31 March 2024 5,048,165
NET BOOK VALUE
At 31 March 2024 5,048,165
At 31 March 2023 4,183,513

CANARYCROWN INVESTMENTS LIMITED (REGISTERED NUMBER: 07841273)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,640,743 1,546,264

Bank loans are secured by legal charges over the company's investment properties.

7. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 265,277

8. RELATED PARTY DISCLOSURES

Cenator Ltd
A company in which M Storfer is a director and shareholder.

At 31st March 2024 an amount of £895,661 (2023 £195,710) was due to Cenator Ltd.

Mountbrook Properties Ltd
A company in which M Storfer is a director and shareholder.

At 31st March 2024 an amount of £1,083,283 (2023: £913,283 ) was due to Mountbrook Properties Ltd.


Canarycrown Ltd
A company in which M Storfer is a director and shareholder.

At 31st March 2024 an amount of £215,173 (2023: £201,891) was due to Canarycrown Ltd.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CANARYCROWN INVESTMENTS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Canarycrown Investments Limited for the year ended 31 March 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

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






Cameron Baum Hollander Limited
88 Crawford Street
London
W1H 2EJ


26 November 2024