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REGISTERED NUMBER: 09960061 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Canal Head Property Limited

Canal Head Property Limited (Registered number: 09960061)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Canal Head Property Limited (Registered number: 09960061)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 300,000 300,000

CURRENT ASSETS
Debtors 5 3,441 21,253
Cash at bank and in hand 19,478 1,806
22,919 23,059
CREDITORS
Amounts falling due within one year 6 209,380 205,986
NET CURRENT LIABILITIES (186,461 ) (182,927 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,539

117,073

CREDITORS
Amounts falling due after more than one
year

7

(56,528

)

(67,156

)

PROVISIONS FOR LIABILITIES (7,182 ) (7,182 )
NET ASSETS 49,829 42,735

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 49,825 42,731
49,829 42,735

Canal Head Property Limited (Registered number: 09960061)

Balance Sheet - continued
30 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Board of Directors and authorised for issue on 17 December 2024 and were signed on its behalf by:





S Holden - Director


Canal Head Property Limited (Registered number: 09960061)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Canal Head Property 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: 09960061

Registered office: Aynam Mills
Little Aynam
Kendal
LA9 7AH

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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 300,000
NET BOOK VALUE
At 30 April 2024 300,000
At 30 April 2023 300,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2022 80,000
Valuation in 2021 (41,288 )
Cost 261,288
300,000

Canal Head Property Limited (Registered number: 09960061)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 3,441 21,253

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,627 10,601
Taxation and social security 2,368 1,220
Other creditors 196,385 194,165
209,380 205,986

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 56,528 67,156