Cannon Street Estates Limited 2011305 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is property investment. Digita Accounts Production Advanced 6.30.9574.0 true true 2011305 2023-07-01 2024-06-30 2011305 2024-06-30 2011305 core:RetainedEarningsAccumulatedLosses 2024-06-30 2011305 core:ShareCapital 2024-06-30 2011305 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 2011305 bus:SmallEntities 2023-07-01 2024-06-30 2011305 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 2011305 bus:FilletedAccounts 2023-07-01 2024-06-30 2011305 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 2011305 bus:RegisteredOffice 2023-07-01 2024-06-30 2011305 bus:CompanySecretaryDirector1 2023-07-01 2024-06-30 2011305 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 2011305 countries:EnglandWales 2023-07-01 2024-06-30 2011305 2023-06-30 2011305 2022-07-01 2023-06-30 2011305 2023-06-30 2011305 core:RetainedEarningsAccumulatedLosses 2023-06-30 2011305 core:ShareCapital 2023-06-30 2011305 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 2011305

Cannon Street Estates Limited



Filleted Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Cannon Street Estates Limited

 

(Registration number: 2011305)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

250,000

250,000

Current assets

 

Debtors

5

559,494

568,494

Cash at bank and in hand

 

5,773

6,581

 

565,267

575,075

Creditors: Amounts falling due within one year

6

(14,509)

(8,222)

Net current assets

 

550,758

566,853

Net assets

 

800,758

816,853

Capital and reserves

 

Called up share capital

10

10

Profit and loss account

723,755

739,850

Non-distributable reserve

 

76,993

76,993

Total equity

 

800,758

816,853

 

Cannon Street Estates Limited

 

(Registration number: 2011305)
Balance Sheet as at 30 June 2024

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 March 2025 and signed on its behalf by:
 

.........................................
L Tauber
Company secretary and director

 

Cannon Street Estates Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2nd Floor - Parkgates
Bury New Road
Prestwich
M25 0TL
England

These financial statements were authorised for issue by the Board on 27 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Cannon Street Estates Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Cannon Street Estates Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Investment properties

2024
£

At 1 July 23

250,000

At 30 June 24

250,000

There has been no valuation of investment property by an independent valuer.

The historical cost of the property is £173,007.

5

Debtors

Current

2024
£

2023
£

Other debtors

559,494

568,494

 

559,494

568,494

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,166

1,630

Accruals and deferred income

1,686

936

Other creditors

11,657

5,656

14,509

8,222