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REGISTERED NUMBER: 03509125















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

CANNON SEWELL LIMITED

CANNON SEWELL LIMITED (REGISTERED NUMBER: 03509125)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CANNON SEWELL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTOR: L E Cannon





SECRETARY: L E Cannon





REGISTERED OFFICE: Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB





REGISTERED NUMBER: 03509125





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

CANNON SEWELL LIMITED (REGISTERED NUMBER: 03509125)

BALANCE SHEET
28 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75 112
Investments 5 497,438 497,438
497,513 497,550

CURRENT ASSETS
Cash at bank and in hand 1,000 1,087

CREDITORS
Amounts falling due within one year 6 1,270 780
NET CURRENT (LIABILITIES)/ASSETS (270 ) 307
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,243

497,857

CREDITORS
Amounts falling due after more than one
year

7

(110

)

(110

)

PROVISIONS FOR LIABILITIES (187 ) (187 )
NET ASSETS 496,946 497,560

CAPITAL AND RESERVES
Called up share capital 8 150 150
Retained earnings 9 496,796 497,410
SHAREHOLDERS' FUNDS 496,946 497,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

CANNON SEWELL LIMITED (REGISTERED NUMBER: 03509125)

BALANCE SHEET - continued
28 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





L E Cannon - Director


CANNON SEWELL LIMITED (REGISTERED NUMBER: 03509125)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1. STATUTORY INFORMATION

Cannon Sewell Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office 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.

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 - 33% on cost

Investment properties are not shown in the Balance Sheet at their open market value because the director considers that to do so would involve epenses and delay out of proportion to the value to the members of the company. This policy does not comply with the provisions of Statement of Standard Accounting Practice number 19.

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.

3. EMPLOYEES AND DIRECTORS

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

CANNON SEWELL LIMITED (REGISTERED NUMBER: 03509125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 28 February 2024 1,047 21,079 3,323 25,449
DEPRECIATION
At 1 March 2023 1,047 21,079 3,211 25,337
Charge for year - - 37 37
At 28 February 2024 1,047 21,079 3,248 25,374
NET BOOK VALUE
At 28 February 2024 - - 75 75
At 28 February 2023 - - 112 112

5. FIXED ASSET INVESTMENTS
Investment
properties
£   
COST
At 1 March 2023
and 28 February 2024 497,438
NET BOOK VALUE
At 28 February 2024 497,438
At 28 February 2023 497,438

Investment properties are not shown in the Balance Sheet at their open market value because the director considers that to do so would involve expense or delay out of proportion to the value to the members of the company.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 490 -
Accruals and deferred income 780 780
1,270 780

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans more 5yrs non-inst 110 110

CANNON SEWELL LIMITED (REGISTERED NUMBER: 03509125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 110 110

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 A Ordinary £1 100 100
100 B Ordinary £1 50 50
150 150

9. RESERVES
Retained
earnings
£   

At 1 March 2023 497,410
Deficit for the year (614 )
At 28 February 2024 496,796