Registered number
08909796
CANOPY RESIDENTIAL LIMITED
Filleted Accounts
31 March 2025
CANOPY RESIDENTIAL LIMITED
Registered number: 08909796
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 275,000 275,000
Current assets
Cash at bank and in hand 2,556 4,204
Creditors: amounts falling due within one year 4 (225,665) (176,527)
Net current liabilities (223,109) (172,323)
Total assets less current liabilities 51,891 102,677
Creditors: amounts falling due after more than one year 5 - (59,089)
Net assets 51,891 43,588
Capital and reserves
Called up share capital 100 100
Profit and loss account 51,791 43,488
Shareholders' funds 51,891 43,588
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R A Davis
Director
Approved by the board on 23 July 2025
CANOPY RESIDENTIAL LIMITED
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2024 275,000
At 31 March 2025 275,000
Depreciation
At 31 March 2025 -
Net book value
At 31 March 2025 275,000
At 31 March 2024 275,000
The investment property valuation has an been estimated by directors at 31 March 2023 as a fair refelection of market value.
4 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts - 11,725
Amounts owed to group undertakings and undertakings in which the company has a participating interest 170,726 162,018
Taxation and social security costs 1,948 548
Other creditors 52,991 2,236
225,665 176,527
5 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans - 59,089
6 Loans 2025 2024
£ £
Creditors include:
Instalments falling due for payment after more than five years - 14,568
Secured bank loans - 70,814
The bank loan is secured against the investment property.
7 Related party transactions
R A Davis and M J Kendall are also directors of Canopy Projects Limited. At the year end Canopy Residential Limited owed £170,726 (Prior year - £162,0188) to Canopy Projects Limited in respect of an interest free loan.
8 Other information
CANOPY RESIDENTIAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
5.20 Paintworks
Arnos Vale
Bristol
BS4 3EH
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