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Registered number: 14047857
Canvas Group Properties Limited
Financial Statements
For The Year Ended 30 April 2024
Outsourced ACC Ltd
High Street Centre, 137-139 High Street
Beckenham
Kent
BR3 1AG
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14047857
30 April 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 7,636,390 7,640,912
Investments 5 8,840,907 -
16,477,297 7,640,912
CURRENT ASSETS
Debtors 6 5,762 2,101,175
Cash at bank and in hand 500,462 384,972
506,224 2,486,147
Creditors: Amounts Falling Due Within One Year 7 (110,142 ) (1,347,144 )
NET CURRENT ASSETS (LIABILITIES) 396,082 1,139,003
TOTAL ASSETS LESS CURRENT LIABILITIES 16,873,379 8,779,915
NET ASSETS 16,873,379 8,779,915
CAPITAL AND RESERVES
Called up share capital 8 8,680,064 8,680,064
Profit and Loss Account 8,193,315 99,851
SHAREHOLDERS' FUNDS 16,873,379 8,779,915
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Jamila Yousuf
Director
31st December 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Canvas Group Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14047857 . The registered office is 115 Churchfield Road, London, W3 6AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
30 April 2024
£
Fair Value
As at 1 May 2023 7,640,912
Additions 650,000
Disposals (654,522 )
As at 30 April 2024 7,636,390
5. Investments
Subsidiaries Unlisted Total
£ £ £
Cost
As at 1 May 2023 - - -
Additions 8,680,066 160,841 8,840,907
As at 30 April 2024 8,680,066 160,841 8,840,907
Provision
As at 1 May 2023 - - -
As at 30 April 2024 - - -
Net Book Value
As at 30 April 2024 8,680,066 160,841 8,840,907
As at 1 May 2023 - - -
Canvas SM Limited 
The company holds 100% of the share capital in Canvas SM Limited.
Profit for the year: £1,073,651
Capital and reserves: £1,088,410
Canvas AK Unlimited 
The company holds 100% of the share capital in Canvas AK Unlimited 
Profit for the year: £1,193,297
Capital and reserves: £1,206,653
Canvas Propeties Unlimited 
The company holds 100% of the share capital in Canvas Propeties Unlimited 
Loss for the year: £9,951,229
Capital and reserves: £3,790
Page 4
Page 5
6. Debtors
30 April 2024 30 April 2023
£ £
Due within one year
Other debtors 5,762 2,101,175
5,762 2,101,175
7. Creditors: Amounts Falling Due Within One Year
30 April 2024 30 April 2023
£ £
Other creditors 10,057 1,323,202
Taxation and social security 100,085 23,942
110,142 1,347,144
8. Share Capital
30 April 2024 30 April 2023
£ £
Allotted, Called up and fully paid 8,680,064 8,680,064
Page 5