Canscot Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03650768 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Canscot Developments Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M-C Arrowsmith

M S Arrowsmith

W D Hay

SECRETARY:

K Dawes

REGISTERED OFFICE:

Harrow House

23 West Street

Haslemere

Surrey

GU27 2AB

REGISTERED NUMBER:

03650768 (England and Wales)

ACCOUNTANTS:

Gibsons Financial Limited

Chartered Accountants

Foresters Hall

25/27 Westow Street

Upper Norwood

London

SE19 3RY

FIXED ASSETS

Tangible assets

4

-

Investments

5

100

Investment property

6

1,000,000

1,000,100

CURRENT ASSETS

Debtors

7

1,679,000

1,504,276

Cash at bank

24,663

36,140

1,703,663

1,540,416

CREDITORS

Amounts falling due within one year

(63,218

)

(48,643

)

NET CURRENT ASSETS

1,640,445

1,491,773

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,640,545

2,491,873

CREDITORS

Amounts falling due after more than one
year

(1,202,337

)

(1,063,322

)

PROVISIONS FOR LIABILITIES

8

(76,000

)

(76,000

)

NET ASSETS

1,362,208

1,352,551

CAPITAL AND RESERVES

Called up share capital

2

Non distributable reserves

504,467

Retained earnings

857,739

848,082

SHAREHOLDERS' FUNDS

1,362,208

1,352,551

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 8 September 2025 and were signed on its behalf by:

W D Hay - Director

1.	STATUTORY INFORMATION

Canscot Developments 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

28,559

DEPRECIATION

At 1 January 2024

and 31 December 2024

28,559

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Ericht West Grange Limited

Registered office: United Kingdom

Nature of business: Freshwater fishing and accommodation

%

Class of shares:

holding

Ordinary

100.00

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,000,000

NET BOOK VALUE

At 31 December 2024

1,000,000

At 31 December 2023

1,000,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 1999

180,467

Valuation in 2014

400,000

Cost

419,533

1,000,000

Investment property was valued on an open market basis on 31 December 2024 by the directors.

7.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31/12/24

31/12/23

£

Amounts owed by group undertakings

1,461,000

1,350,500

Other debtors

163,193

114,178

1,624,193

1,464,678

8.	PROVISIONS FOR LIABILITIES

31/12/24

31/12/23

£

Deferred tax

76,000

Deferred tax

£

Balance at 1 January 2024

76,000

Balance at 31 December 2024

76,000

9.	RELATED PARTY DISCLOSURES

Included within other debtors, amounts falling due after more than one year is an amount of £101,878 (2023: £73,236) due from Ericht West Grange Limited for interest accrued at 2% per annum on outstanding group loan balances.

Included within other debtors, amounts falling due after more than one year is an amount of £23,183 (2023: £10,696) due from companies in which the directors are also directors and shareholders, for interest accrued at 2% per annum on outstanding loan balances.

Included within other debtors, amounts falling due after more than one year is an amount of £38,132 (2023: £30,246) for interest accrued at 2% per annum on outstanding director loan balances.

Included within other creditors, amounts falling due after more than one year is an amount of £101,878 (2023: £73,236) due to Ericht West Grange Limited for interest accrued at 2% per annum on outstanding group loan balances.

Included within other creditors, amounts falling due after more than one year are amounts of £663,183 (2023: £570,696, (including interest of £23,183 (2023: £10,696)) due to companies in which the directors are also directors and shareholders. Interest is being accrued at 2% per annum on outstanding loan balances.

Included within other creditors, amounts falling due after more than one year are amounts of £139,521 (2023: £137,029), (including interest of £14,949 (2023: £12,457)) and £297,755 (2023: £282,361), (including interest of £23,183 (2023: £17,789)) due to M S Arrowsmith and W D Hay respectively. Interest is being accrued at 2% per annum on outstanding director loan balances.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors.