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REGISTERED NUMBER: 01496680 (England and Wales)










Financial Statements

for the Year Ended 31 December 2024

for

The Canwell Estate Company Limited

The Canwell Estate Company Limited (Registered number: 01496680)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Canwell Estate Company Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: B W Yeates
G L Shaw
J M Griffin
C H Meadows
G D Kynaston
P A Barnes



SECRETARY: J Hayhurst



REGISTERED OFFICE: 69 Derby Road
Uttoxeter
Staffordshire
ST14 8EB



REGISTERED NUMBER: 01496680 (England and Wales)



SENIOR STATUTORY AUDITOR: D Meadows BA FCA



AUDITORS: Bourne & Co
Statutory Auditors
6 Lichfield Street
Burton-on-Trent
Staffordshire
DE14 3RD

The Canwell Estate Company Limited (Registered number: 01496680)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,284 16,557

CURRENT ASSETS
Debtors 5 3,649 7,159
Cash at bank 151,118 135,512
154,767 142,671
CREDITORS
Amounts falling due within one year 6 7,204 7,152
NET CURRENT ASSETS 147,563 135,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,847

152,076

RESERVES
Other reserves 7 162,847 152,076
162,847 152,076

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:





B W Yeates - Director


The Canwell Estate Company Limited (Registered number: 01496680)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

The Canwell Estate Company Limited is a private company, limited by guarantee , 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.

Turnover
Turnover is the consideration due from members and residents of The Canwell Estate in respect of quarterly service charges, sewerage charges and road charges.
Charges are calculated and raised to cover the expected annual costs of maintaining the Estate's road and sewerage infrastructure and to contribute to a gradual increase in the sinking fund.
The charges are recognised as turnover over the period in which those services are delivered.

Other contributions from members are recognised as other income within the Income Statement.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation is provided
at the following annual rates in order to write off each asset over its estimated useful life.

Infrastructure - not provided
Plant and machinery - 20 years on a straight line basis
Fixtures and fittings - 15% on reducing balance

The infrastructure of the company is valued at cost. The infrastructure consists of the roads and sewerage systems owned by the company.

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.


The Canwell Estate Company Limited (Registered number: 01496680)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

Debtors
Short term debtors are measured at transaction price less any impairment. Any losses arising from
impairment are recognised in profit or loss.

Creditors
Short term creditors are measured at transaction price.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Infrastructure machinery fittings Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 1 25,467 602 26,070
DEPRECIATION
At 1 January 2024 - 8,911 602 9,513
Charge for year - 1,273 - 1,273
At 31 December 2024 - 10,184 602 10,786
NET BOOK VALUE
At 31 December 2024 1 15,283 - 15,284
At 31 December 2023 1 16,556 - 16,557

The Canwell Estate Company Limited (Registered number: 01496680)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 2,477 4,204
Other debtors - 279
Social security and other taxes 326 1,849
Prepayments 846 827
3,649 7,159

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Income received in advance - 1,775
Accrued expenses 7,204 5,377
7,204 7,152

7. RESERVES
Income
and
expenditure Other
account reserves Totals
£    £    £   

At 1 January 2024 - 152,076 152,076
Surplus for the year 10,771 10,771
Transfer to/from sinking fund (10,771 ) 10,771 -
At 31 December 2024 - 162,847 162,847

Other reserves is a reserve comprising all monies received by the company since incorporation from its members in respect of agreed contributions including payments they are required to make if they want to be released from restrictive covenants that are in place.
The reserve was established as a 'sinking fund' for capital replacement and significant repairs.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

D Meadows BA FCA (Senior Statutory Auditor)
for and on behalf of Bourne & Co

The Canwell Estate Company Limited (Registered number: 01496680)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. LIABILITY OF MEMBERS

The liability of each member under their guarantee does not exceed £1. The guarantee remains in force for one year after cessation of their membership of the company. The number of members at 31 December 2024 is 35 (2023: 37).