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REGISTERED NUMBER: 06497325 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Emma Cannon Limited

Emma Cannon Limited (Registered number: 06497325)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Emma Cannon Limited (Registered number: 06497325)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,541 3,205

Current assets
Debtors 5 28,978 37,124
Cash at bank 6,906 30,737
35,884 67,861
Creditors
Amounts falling due within one year 6 7,715 10,481
Net current assets 28,169 57,380
Total assets less current liabilities 29,710 60,585

Creditors
Amounts falling due after more than
one year

7

32,883

35,828
Net (liabilities)/assets (3,173 ) 24,757

Capital and reserves
Called up share capital 100 100
Retained earnings (3,273 ) 24,657
Shareholders' funds (3,173 ) 24,757

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 director acknowledges his 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.

Emma Cannon Limited (Registered number: 06497325)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2024 and were signed by:





R Cannon - Director


Emma Cannon Limited (Registered number: 06497325)

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

1. Statutory information

Emma Cannon Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06497325

Registered office: Pound House
62a Highgate High Street
London
N6 5HX

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

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


Emma Cannon Limited (Registered number: 06497325)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. Accounting policies - continued
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.

3. Employees and directors

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

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 April 2023
and 31 March 2024 72,891 2,411 75,302
Depreciation
At 1 April 2023 70,891 1,206 72,097
Charge for year 1,182 482 1,664
At 31 March 2024 72,073 1,688 73,761
Net book value
At 31 March 2024 818 723 1,541
At 31 March 2023 2,000 1,205 3,205

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Amounts owed by associates 28,978 35,010
Other debtors - 2,114
28,978 37,124

Emma Cannon Limited (Registered number: 06497325)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 5,627 5,589
Social security and other taxes - 408
Directors' loan accounts 596 -
Accruals and deferred income 1,492 4,484
7,715 10,481

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 5,590 5,590
Bank loans - 2-5 years 16,769 16,769
Bank loans more than 5 years 10,524 13,469
32,883 35,828

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 10,524 13,469

8. Related party disclosures

As at the balance sheet date the company was owed £28,978 (2023 - £35,010) from Cycles of Life Limited, a company controlled by the late Emma Cannon.

9. Ultimate controlling party

The ultimate controlling party is the estate of the late Emma Cannon.