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REGISTERED NUMBER: 06928393 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NEW CANADA CAPITAL LTD

NEW CANADA CAPITAL LTD (REGISTERED NUMBER: 06928393)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEW CANADA CAPITAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: O Eyyubov
S E Friend





SECRETARY: K J Round





REGISTERED OFFICE: 5th Floor, Thames Tower
Station Road
Reading
Berkshire
RG1 1LX





REGISTERED NUMBER: 06928393 (England and Wales)

NEW CANADA CAPITAL LTD (REGISTERED NUMBER: 06928393)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 16,213,766 15,459,020

CURRENT ASSETS
Debtors 5 9,381 16,036
Cash at bank 390,564 283,041
399,945 299,077
CREDITORS
Amounts falling due within one year 6 742,535 484,345
NET CURRENT LIABILITIES (342,590 ) (185,268 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,871,176

15,273,752

CAPITAL AND RESERVES
Called up share capital 13,234,534 13,234,534
Retained earnings 2,636,642 2,039,218
SHAREHOLDERS' FUNDS 15,871,176 15,273,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NEW CANADA CAPITAL LTD (REGISTERED NUMBER: 06928393)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:





O Eyyubov - Director


NEW CANADA CAPITAL LTD (REGISTERED NUMBER: 06928393)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

New Canada Capital Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office are as below:

Registered number: 06928393

Registered office: 5th Floor Thames Tower
Station Road
Reading
United Kingdom
RG1 1LX

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

The principal activity of the company is that of holding and management of investment properties.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises rents receivable from tenants on the accruals basis. Amounts received in advance are recognised in the Balance Sheet as deferred income.

Investment property
The investment properties purchased in the period have all been recognised at cost. The director is of the opinion that the carrying value is not significantly different to open market value at the balance sheet date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at transaction price, less any impairment. Short term creditors are measured at transaction price

NEW CANADA CAPITAL LTD (REGISTERED NUMBER: 06928393)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Going concern
The director is not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. The preparation of the financial statements on the going concern basis is therefore deemed appropriate.

Revenue recognition
Rental income from operating leases is recognised on a straight-line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 15,459,020
Additions 754,746
At 31 December 2024 16,213,766
NET BOOK VALUE
At 31 December 2024 16,213,766
At 31 December 2023 15,459,020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors - 300
PAYE/NIC debtor - 231
Prepayments 9,381 15,505
9,381 16,036

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax 203,071 115,771
VAT 36,859 13,808
Other creditors 143,981 -
Directors' current accounts 259,292 233,943
Accruals and deferred income 99,332 120,823
742,535 484,345