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U.K.-CANADA TRADING COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2024






U.K.-CANADA TRADING COMPANY LIMITED (REGISTERED NUMBER: 00881344)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

U.K.-CANADA TRADING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: Mrs J A Macken
R G Macken





REGISTERED OFFICE: Park Cottage Oxford Road
Eynsham
Witney
Oxfordshire
OX29 4BS





REGISTERED NUMBER: 00881344 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

U.K.-CANADA TRADING COMPANY LIMITED (REGISTERED NUMBER: 00881344)

BALANCE SHEET
31ST DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £   
FIXED ASSETS
Investment property 4 1,490,000 1,373,000

CURRENT ASSETS
Debtors 5 9,232 7,801
Cash at bank 107 474
9,339 8,275
CREDITORS
Amounts falling due within one year 6 421,805 449,432
NET CURRENT LIABILITIES (412,466 ) (441,157 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,077,534

931,843

PROVISIONS FOR LIABILITIES 7,721 6,753
NET ASSETS 1,069,813 925,090

CAPITAL AND RESERVES
Called up share capital 2 2
Non distributable earnings 690,045 574,013
Retained earnings 379,766 351,075
1,069,813 925,090

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

U.K.-CANADA TRADING COMPANY LIMITED (REGISTERED NUMBER: 00881344)

BALANCE SHEET - continued
31ST 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th May 2025 and were signed on its behalf by:





Mrs J A Macken - Director


U.K.-CANADA TRADING COMPANY LIMITED (REGISTERED NUMBER: 00881344)

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

1. STATUTORY INFORMATION

U.k.-Canada Trading Company 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.

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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Turnover
Turnover represents rents and service recharges received from tenants of properties.

Income received that relates to a period after the year end is treated as deferred income.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. No formal valuation has taken place during the year by a professional independent valuer.

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.

3. EMPLOYEES AND DIRECTORS

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

U.K.-CANADA TRADING COMPANY LIMITED (REGISTERED NUMBER: 00881344)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2024 1,373,000
Revaluations 117,000
At 31st December 2024 1,490,000
NET BOOK VALUE
At 31st December 2024 1,490,000
At 31st December 2023 1,373,000

Fair value at 31st December 2024 is represented by:
£   
Valuation in 2016 390,425
Valuation in 2018 90,000
Valuation in 2020 37,772
Valuation in 2021 50,000
Valuation in 2022 12,569
Valuation in 2024 117,000
Cost 792,234
1,490,000

If investment properties had not been revalued they would have been included at the following historical cost:

31/12/24 31/12/23
£    £   
Cost 793,234 793,234

The investment properties were valued on an open market basis on 31st December 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Other debtors 325 554
Other debtors - tenant deposit 7,015 6,987
Prepayments and accrued income 1,892 260
9,232 7,801

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Amounts owed to participating interests 5,000 5,000
Corporation tax 4,628 -
Other creditors 7,015 6,987
Directors' current accounts 403,014 435,296
Accruals and deferred income 2,148 2,149
421,805 449,432

U.K.-CANADA TRADING COMPANY LIMITED (REGISTERED NUMBER: 00881344)

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

7. RELATED PARTY DISCLOSURES

RM Ops Strategy Limited a company with common director, was owed an interest free loan of £5,000 (2023: £5,000)

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
U.K.-CANADA TRADING COMPANY LIMITED

The following reproduces the text of the report prepared for the directors 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 Statement of Comprehensive Income and certain other primary statements and the Report of the Directors 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 U.k.-Canada Trading Company Limited for the year ended 31st December 2024 which comprise the Statement of Comprehensive Income, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of U.k.-Canada Trading Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of U.k.-Canada Trading Company Limited and state those matters that we have agreed to state to the Board of Directors of U.k.-Canada Trading Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than U.k.-Canada Trading Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that U.k.-Canada Trading Company Limited 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 U.k.-Canada Trading Company Limited. You consider that U.k.-Canada Trading Company Limited 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 U.k.-Canada Trading Company Limited. 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.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


Date: .............................................