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REGISTERED NUMBER: 06279971 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

CANON SEARCH LTD

CANON SEARCH LTD (REGISTERED NUMBER: 06279971)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

CANON SEARCH LTD

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTOR: Mr T Metcalfe





REGISTERED OFFICE: 111 Sheen Road
London
TW9 1YJ





REGISTERED NUMBER: 06279971 (England and Wales)





ACCOUNTANTS: Acumen Accountants & Advisors Limited
Argent House
Argent Court
Hook Rise South
Surbiton
KT6 7LD

CANON SEARCH LTD (REGISTERED NUMBER: 06279971)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 131,955 88,366
131,955 88,366

CURRENT ASSETS
Debtors 6 8,369 47,610
Cash at bank 80,503 16,352
88,872 63,962
CREDITORS
Amounts falling due within one year 7 107,523 63,369
NET CURRENT (LIABILITIES)/ASSETS (18,651 ) 593
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,304

88,959

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 113,302 88,957
113,304 88,959

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

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

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 17 February 2025 and were signed by:





Mr T Metcalfe - Director


CANON SEARCH LTD (REGISTERED NUMBER: 06279971)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Canon Search Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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.
Computer equipment - Straight line over 3 years

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

CANON SEARCH LTD (REGISTERED NUMBER: 06279971)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2023
and 30 September 2024 545
DEPRECIATION
At 1 October 2023
and 30 September 2024 545
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2023 88,366
Additions 86,700
Disposals (30,313 )
Revaluations (12,798 )
At 30 September 2024 131,955
NET BOOK VALUE
At 30 September 2024 131,955
At 30 September 2023 88,366

Cost or valuation at 30 September 2024 is represented by:

Other
investments
£   
Valuation in 2023 (51,895 )
Valuation in 2024 (12,798 )
Cost 196,648
131,955

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,900 45,960
Other debtors 1,650 1,650
Directors' current accounts 1,041 -
Prepayments and accrued income 2,778 -
8,369 47,610

CANON SEARCH LTD (REGISTERED NUMBER: 06279971)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 311 -
Tax 77,589 46,921
Social security and other taxes - 333
VAT 29,623 16,084
Directors' current accounts - 31
107,523 63,369

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 10,404 10,404

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr T Metcalfe
Balance outstanding at start of year (31 ) (31 )
Amounts advanced 165,513 -
Amounts repaid (164,441 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,041 (31 )

This loan is interest free and has no fixed repayment terms.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr T Metcalfe.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CANON SEARCH LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Canon Search Ltd for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Canon Search Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Canon Search Ltd and state those matters that we have agreed to state to the director of Canon Search Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Canon Search Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Canon Search Ltd. You consider that Canon Search Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Canon Search Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants & Advisors Limited
Argent House
Argent Court
Hook Rise South
Surbiton
KT6 7LD


18 February 2025