IRIS Accounts Production v25.1.4.42 01554945 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false 3371 82999 260000 78630 257041 165000 412 3371 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015549452023-09-30015549452024-09-30015549452023-10-012024-09-30015549452022-09-30015549452022-10-012023-09-30015549452023-09-3001554945ns15:EnglandWales2023-10-012024-09-3001554945ns14:PoundSterling2023-10-012024-09-3001554945ns10:Director12023-10-012024-09-3001554945ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3001554945ns10:SmallEntities2023-10-012024-09-3001554945ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3001554945ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3001554945ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3001554945ns10:FullAccounts2023-10-012024-09-3001554945ns10:Director2422023-09-3001554945ns10:Director2422022-09-3001554945ns10:Director2422023-10-012024-09-3001554945ns10:Director2422022-10-012023-09-3001554945ns10:Director2422024-09-3001554945ns10:Director2422023-09-3001554945ns10:Director22023-10-012024-09-3001554945ns10:CompanySecretary12023-10-012024-09-3001554945ns10:RegisteredOffice2023-10-012024-09-3001554945ns5:CurrentFinancialInstruments2024-09-3001554945ns5:CurrentFinancialInstruments2023-09-3001554945ns5:ShareCapital2024-09-3001554945ns5:ShareCapital2023-09-3001554945ns5:FurtherSpecificReserve3ComponentTotalEquity2024-09-3001554945ns5:FurtherSpecificReserve3ComponentTotalEquity2023-09-3001554945ns5:RetainedEarningsAccumulatedLosses2024-09-3001554945ns5:RetainedEarningsAccumulatedLosses2023-09-3001554945ns5:PlantMachinery2023-10-012024-09-3001554945ns5:FurnitureFittings2023-10-012024-09-3001554945ns5:PlantMachinery2023-09-3001554945ns5:FurnitureFittings2023-09-3001554945ns5:PlantMachinery2024-09-3001554945ns5:FurnitureFittings2024-09-3001554945ns5:PlantMachinery2023-09-3001554945ns5:FurnitureFittings2023-09-3001554945ns5:CostValuation2023-09-3001554945ns5:AdditionsToInvestments2024-09-3001554945ns5:DisposalsRepaymentsInvestments2024-09-3001554945ns5:RevaluationsIncreaseDecreaseInInvestments2024-09-3001554945ns5:CostValuation2024-09-3001554945ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3001554945ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30015549451ns10:Director12023-09-30015549451ns10:Director12022-09-30015549451ns10:Director12023-10-012024-09-30015549451ns10:Director12022-10-012023-09-30015549451ns10:Director12024-09-30015549451ns10:Director12023-09-30
REGISTERED NUMBER: 01554945 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 September 2024

for

CANYNGE SECURITIES LIMITED

CANYNGE SECURITIES LIMITED (REGISTERED NUMBER: 01554945)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CANYNGE SECURITIES LIMITED

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: J Thomas
A Whicheloe





SECRETARY: J Thomas





REGISTERED OFFICE: 58 Royal York Crescent
Clifton
Bristol
BS8 4JP





REGISTERED NUMBER: 01554945 (England and Wales)





ACCOUNTANTS: Gravita
Bath House
6-8 Bath Street
Bristol
BS1 6HL

CANYNGE SECURITIES LIMITED (REGISTERED NUMBER: 01554945)

Balance Sheet
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,207 1,481
Investments 5 1,593,312 1,278,903
1,594,519 1,280,384

CURRENT ASSETS
Debtors 6 1,142,494 1,244,985
Cash at bank 1,635,324 1,766,481
2,777,818 3,011,466
CREDITORS
Amounts falling due within one year 7 (1,162,585 ) (1,150,856 )
NET CURRENT ASSETS 1,615,233 1,860,610
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,209,752

3,140,994

PROVISIONS FOR LIABILITIES (122,520 ) (47,975 )
NET ASSETS 3,087,232 3,093,019

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 366,655 142,817
Retained earnings 2,720,477 2,950,102
SHAREHOLDERS' FUNDS 3,087,232 3,093,019

CANYNGE SECURITIES LIMITED (REGISTERED NUMBER: 01554945)

Balance Sheet - continued
30 SEPTEMBER 2024


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 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.

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 19 June 2025 and were signed on its behalf by:





A Whicheloe - Director


CANYNGE SECURITIES LIMITED (REGISTERED NUMBER: 01554945)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. COMPANY INFORMATION

Canynge Securities 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.

The principal activity of the company in the year under review was that of property management and development.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. On this basis, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office and computer equipment - 15% on reducing balance
Fixtures and fittings - 15% on cost

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.


CANYNGE SECURITIES LIMITED (REGISTERED NUMBER: 01554945)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CANYNGE SECURITIES LIMITED (REGISTERED NUMBER: 01554945)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Investments
The company values its investments at fair value at the end of the accounting period, with an associated deferred tax provision. Changes in market value are recognised through the profit and loss account. Profits and losses on disposal of investments are also recognised in the profit and loss account.

An adjustment for the net overall movement in market value and deferred tax is made between the profit and loss account and fair value reserve.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Office
and Fixtures
computer and
equipment fittings Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 13,713 10,169 23,882
DEPRECIATION
At 1 October 2023 12,345 10,056 22,401
Charge for year 206 68 274
At 30 September 2024 12,551 10,124 22,675
NET BOOK VALUE
At 30 September 2024 1,162 45 1,207
At 30 September 2023 1,368 113 1,481

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2023 1,278,903
Additions 181,000
Disposals (151,106 )
Revaluations 284,515
At 30 September 2024 1,593,312
NET BOOK VALUE
At 30 September 2024 1,593,312
At 30 September 2023 1,278,903

CANYNGE SECURITIES LIMITED (REGISTERED NUMBER: 01554945)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. FIXED ASSET INVESTMENTS - continued


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,136,144 1,237,742
Tax 3,281 3,281
VAT 189 1,082
Prepayments and accrued income 2,880 2,880
1,142,494 1,244,985

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 144 144
Tax 14,800 -
Social security and other taxes 566 824
Other creditors 1,143,613 1,143,613
Directors' current accounts 412 3,371
Accruals and deferred income 3,050 2,904
1,162,585 1,150,856

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
A Whicheloe and J Thomas
Balance outstanding at start of year (3,371 ) 82,999
Amounts advanced 260,000 78,630
Amounts repaid (257,041 ) (165,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (412 ) (3,371 )

CANYNGE SECURITIES LIMITED (REGISTERED NUMBER: 01554945)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. RELATED PARTY DISCLOSURES

The directors A Whicheloe and J Thomas are also directors of Canynge Estates Limited. At the year end the company owed Canynge Estates Limited £1,143,613 (2023: £1,143,613). This loan was interest free and had no set date of repayment.

The directors A Whicheloe and J Thomas are also directors of Canynge Properties Limited. At the year end Canynge Properties Limited owed the company £598,652 (2023: £598,718). This loan was interest free and had no set date of repayment.

The director A Whicheloe is also a director of Canynge Bicknell (Investments) Limited. At the year end Canynge Bicknell (Investments) Limited owed the company £nil (2023: £100,000). Interest of £3,497 (2023: £1,985) was charged on this loan.

The director A Whicheloe is also a director of Canynge Bicknell (Lenfestey) Limited. At the year end Canynge Bicknell (Lenfestey) Limited owed the company £500,000 (2023: £500,000). Interest of £30,021 (2023: £10,000) was charged on this loan.

At the year end M Fitzgerald who is a director of Canynge Bicknell (Lenfestey) Limited owed the company £30,000 (2023: £30,000). This loan was interest free.