0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 156,618 156,618 156,618 xbrli:pure xbrli:shares iso4217:GBP 10476272 2023-04-01 2024-03-31 10476272 2024-03-31 10476272 2023-03-31 10476272 2022-04-01 2023-03-31 10476272 2023-03-31 10476272 2022-03-31 10476272 bus:Director1 2023-04-01 2024-03-31 10476272 bus:Director2 2023-04-01 2024-03-31 10476272 core:WithinOneYear 2024-03-31 10476272 core:WithinOneYear 2023-03-31 10476272 core:AfterOneYear 2024-03-31 10476272 core:AfterOneYear 2023-03-31 10476272 core:ShareCapital 2024-03-31 10476272 core:ShareCapital 2023-03-31 10476272 core:SharePremium 2024-03-31 10476272 core:SharePremium 2023-03-31 10476272 core:RetainedEarningsAccumulatedLosses 2024-03-31 10476272 core:RetainedEarningsAccumulatedLosses 2023-03-31 10476272 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 10476272 core:Non-currentFinancialInstruments 2024-03-31 10476272 core:Non-currentFinancialInstruments 2023-03-31 10476272 bus:Director1 2023-03-31 10476272 bus:Director2 2023-03-31 10476272 bus:Director1 2022-03-31 10476272 bus:Director1 2023-03-31 10476272 bus:Director2 2022-03-31 10476272 bus:Director2 2023-03-31 10476272 bus:Director1 2022-04-01 2023-03-31 10476272 bus:Director2 2022-04-01 2023-03-31 10476272 bus:SmallEntities 2023-04-01 2024-03-31 10476272 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10476272 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10476272 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10476272 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 10476272
CANTERSTOR LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
CANTERSTOR LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
4
156,618
156,618
Current assets
Stocks
221,450
221,450
Debtors
5
9,781
----------
----------
221,450
231,231
Creditors: amounts falling due within one year
6
66,775
65,570
----------
----------
Net current assets
154,675
165,661
----------
----------
Total assets less current liabilities
311,293
322,279
Creditors: amounts falling due after more than one year
7
159,750
159,750
----------
----------
Net assets
151,543
162,529
----------
----------
Capital and reserves
Called up share capital
102
102
Share premium account
144,900
144,900
Profit and loss account
6,541
17,527
----------
----------
Shareholders funds
151,543
162,529
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CANTERSTOR LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 31 January 2025 , and are signed on behalf of the board by:
F Ashbee
Director
Company registration number: 10476272
CANTERSTOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared under the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon the continuing support of the company's directors.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks
Stocks represent the development costs associated with site property developments with a view to resale. The value of the Development work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of site purchase, costs of conversion and development, stamp duty and other costs incurred in bringing the site to its present location and development condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Investments
Other investments other than loans
£
Cost
At 1 April 2023 and 31 March 2024
156,618
----------
Impairment
At 1 April 2023 and 31 March 2024
----------
Carrying amount
At 31 March 2024
156,618
----------
At 31 March 2023
156,618
----------
5. Debtors
2024
2023
£
£
Other debtors
9,781
----
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
61,250
61,250
Corporation tax
2,725
2,470
Other creditors
2,800
1,850
---------
---------
66,775
65,570
---------
---------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
159,750
159,750
----------
----------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
F Ashbee
3,828
( 3,828)
V Ashbee
5,953
( 5,953)
-------
-------
----
9,781
( 9,781)
-------
-------
----
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
F Ashbee
2,540
1,288
3,828
V Ashbee
2,541
3,412
5,953
-------
-------
-------
5,081
4,700
9,781
-------
-------
-------