CANAL AND MARKET HOLDINGS LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11737623

CANAL AND MARKET HOLDINGS LIMITED

Filleted Unaudited Financial Statements

31 December 2024

CANAL AND MARKET HOLDINGS LIMITED

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Intangible assets	4	6,377	10,197
Tangible assets	5	577,529	628,053
		---------	---------
		583,906	638,250

Current assets

Debtors	6	246,671	200,641
Cash at bank and in hand		722	33
		---------	---------
		247,393	200,674

Creditors: amounts falling due within one year	7	1,242,326	443,456
		------------	---------
Net current liabilities		994,933	242,782
		---------	---------
Total assets less current liabilities		( 411,027)	395,468

Creditors: amounts falling due after more than one year	8	–	527,642
		---------	---------
Net liabilities		( 411,027)	( 132,174)
		---------	---------

Capital and reserves

Called up share capital	100	100
Share premium account	9,801	9,801
Profit and loss account	( 420,928)	( 142,075)
	---------	---------
Shareholders deficit	( 411,027)	( 132,174)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

CANAL AND MARKET HOLDINGS LIMITED

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 4 August 2025 , and are signed on behalf of the board by:

Mr. Roger Payne
Director

Company registration number: 11737623

CANAL AND MARKET HOLDINGS LIMITED

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Psb Accountants Ltd Jubilee House, Townsend Lane,, London, NW9 8TZ, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	33% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	6% straight line
Plant and machinery	-	25% straight line
Fixtures and fittings	-	25% straight line
Equipment	-	25 % straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Intangible assets

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	11,460
	--------
Amortisation
At 1 January 2024	1,263
Charge for the year	3,820
	--------
At 31 December 2024	5,083
	--------
Carrying amount
At 31 December 2024	6,377
	--------
At 31 December 2023	10,197
	--------

5. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2024	560,867	70,615	107,177	25,000	763,659
Additions	5,220	46,101	5,283	–	56,604
	---------	---------	---------	--------	---------
At 31 December 2024	566,087	116,716	112,460	25,000	820,263
	---------	---------	---------	--------	---------
Depreciation
At 1 January 2024	56,334	29,563	48,031	1,678	135,606
Charge for the year	47,359	25,669	27,850	6,250	107,128
	---------	---------	---------	--------	---------
At 31 December 2024	103,693	55,232	75,881	7,928	242,734
	---------	---------	---------	--------	---------
Carrying amount
At 31 December 2024	462,394	61,484	36,579	17,072	577,529
	---------	---------	---------	--------	---------
At 31 December 2023	504,533	41,052	59,146	23,322	628,053
	---------	---------	---------	--------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	167,801	3,193
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,338	120,432
Other debtors	76,532	77,016
	---------	---------
	246,671	200,641
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	11,722	125,897
Amounts owed to group undertakings and undertakings in which the company has a participating interest	749,151	–
Social security and other taxes	–	727
Other creditors	140,952	–
Other creditors	340,501	316,832
	------------	---------
	1,242,326	443,456
	------------	---------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	513,088
Other creditors	–	14,554
	----	---------
	–	527,642
	----	---------

9. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr. Roger Payne	( 270,472)	( 68,134)	( 338,606)
	---------	--------	---------

	2023
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr. Roger Payne	( 270,472)	–	( 270,472)
	---------	----	---------

10. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2024	2023	2024	2023
	£	£	£	£
Camden Icons Ltd	–	(116,123)	–	( 116,123)
Book My Table	(318,259)	(313,259)	( 318,259)	( 313,259)
Camden Pub Company Ltd	(27,954)	(3,705)	( 27,955)	( 3,706)
26 Promotion and Events Ltd	–	(50,000)	–	( 50,000)
Bury Street Locations Ltd	(303,852)	(30,000)	( 303,851)	( 30,000)
The Table Services Ltd	–	48,236	–	48,237
Camden Stables Holdings Ltd	(101,720)	–	( 101,720)	–
	---------	---------	---------	---------

Canal and Market Holding is related party to Book My Table, Camden Pub Company, Bury Street Locations Ltd, City Icon Bars Ltd (Camden Icons Ltd) The Table Services, Camden Stables Holdings Ltd, 26 Promotion and Events Ltd and Platinum Properties Holding Ltd by Virtue of common directorship.