Registered number
05002900
Canasway Limited
Filleted Accounts
30 November 2024
Canasway Limited
Registered number: 05002900
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Investment properties 2 2,932,872 2,932,872
Tangible assets 3 33,927 30,143
2,966,799 2,963,015
Current assets
Cash at bank and in hand 1,758 6,721
Creditors: amounts falling due within one year 4 (54,353) (125,707)
Net current liabilities (52,595) (118,986)
Total assets less current liabilities 2,914,204 2,844,029
Creditors: amounts falling due after more than one year 5 (1,817,066) (1,803,217)
Net assets 1,097,138 1,040,812
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,097,137 1,040,811
Shareholders' funds 1,097,138 1,040,812
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S. Berry
Director
Approved by the board on 24 February 2025
Canasway Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Statutory information
Canasway Limited 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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The presentation currency is £ sterling.
Turnover
Turnover represents the invoice value of rent and services excluding value added tax.
Tangible fixed assets
Depreciation has been provided at the following annual rate in order to write off the assets over their estimated useful life.
Office equipment 20% straight line
Motor vehicle 25% reducing balance
Investment properties
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Employees 2024 2023
Number Number
Average number of persons employed by the company - -
2 Investment properties £
Cost
At 1 December 2023 2,932,872
At 30 November 2024 2,932,872
Amortisation
At 30 November 2024 -
Net book value
At 30 November 2024 2,932,872
At 30 November 2023 2,932,872
3 Tangible fixed assets
Fixtures, fittings & equipment Motor vehicles Total
£ £ £
Cost
At 1 December 2023 43,085 33,846 76,931
Additions 15,307 - 15,307
Disposals (24,576) - (24,576)
At 30 November 2024 33,816 33,846 67,662
Depreciation
At 1 December 2023 31,980 14,808 46,788
Charge for the year 6,763 4,760 11,523
On disposals (24,576) - (24,576)
At 30 November 2024 14,167 19,568 33,735
Net book value
At 30 November 2024 19,649 14,278 33,927
At 30 November 2023 11,105 19,038 30,143
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 30,730 82,030
Other creditors - 13,200
VAT 2,101 5,963
Corporation tax 17,242 16,950
Accruals 4,280 7,564
54,353 125,707
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 428,265
Other creditors 1,817,066 1,374,952
1,817,066 1,803,217
6 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 8,301 484,082
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