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Company Registration No. 04115715 (England and Wales)
Cannonvale Properties Limited Unaudited accounts for the year ended 31 December 2024
Cannonvale Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Cannonvale Properties Limited Company Information for the year ended 31 December 2024
Director
Komal Passi
Company Number
04115715 (England and Wales)
Registered Office
1 THE BARN THE WASTE MIRFIELD WEST YORKSHIRE WF14 8PE
Accountants
Craven Professional Solutions 126 Monkswell House Manse Lane Knaresborough North Yorkshire HG5 8NQ
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Cannonvale Properties Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
4
1,589,092 
1,589,092 
Current assets
Debtors
6
39,641 
56,747 
Cash at bank and in hand
1,970 
6,042 
41,611 
62,789 
Creditors: amounts falling due within one year
7
(509,094)
(140,075)
Net current liabilities
(467,483)
(77,286)
Total assets less current liabilities
1,121,609 
1,511,806 
Creditors: amounts falling due after more than one year
8
- 
(418,752)
Net assets
1,121,609 
1,093,054 
Capital and reserves
Called up share capital
9
2,000 
2,000 
Profit and loss account
1,119,609 
1,091,054 
Shareholders' funds
1,121,609 
1,093,054 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 September 2025 and were signed on its behalf by
Komal Passi Director Company Registration No. 04115715
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Cannonvale Properties Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Cannonvale Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 04115715. The registered office is 1 THE BARN, THE WASTE, MIRFIELD, WEST YORKSHIRE, WF14 8PE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 January 2024
1,589,092 
At 31 December 2024
1,589,092 
The Company acquired 100% of the ordinary share capital of The Wine Hub Limited, a company incorporated in England and Wales.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
39,641 
55,952 
Amounts falling due after more than one year
Trade debtors
- 
795 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
417,344 
20,280 
Taxes and social security
77,344 
65,554 
Other creditors
4,255 
15 
Loans from directors
10,151 
54,226 
509,094 
140,075 
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Cannonvale Properties Limited Notes to the Accounts for the year ended 31 December 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
418,752 
The bank loan is secured by way of a fixed and floating charge over the Company's investment properties.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
10,000 Ordinary A Shares of £0.10 each
1,000 
1,000 
2,000 
2,000 
10
Transactions with related parties
As at 31 December 2024 £39,641 (£55,952- 2023) was owed to the Company by Spruzzo Limited, a private company with common ownership by Mr S Passi and Mrs K Passi.
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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