Canvas Group Properties Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14047857

		31 March 2025		30 April 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		7,747,223		7,636,390
Investments	4		8,840,907		8,840,907

			16,588,130		16,477,297
CURRENT ASSETS
Debtors	5	15,595		5,762
Cash at bank and in hand		455,138		500,462

		470,733		506,224
Creditors: Amounts Falling Due Within One Year	6	(699,031 )		(110,142 )

NET CURRENT ASSETS (LIABILITIES)			(228,298 )		396,082

TOTAL ASSETS LESS CURRENT LIABILITIES			16,359,832		16,873,379

NET ASSETS			16,359,832		16,873,379

CAPITAL AND RESERVES
Called up share capital	7		8,680,064		8,680,064
Profit and Loss Account			7,679,768		8,193,315

SHAREHOLDERS' FUNDS			16,359,832		16,873,379

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Canvas Group Properties Limited

Balance Sheet (continued)

As At 31 March 2025

For the period ending 31 March 2025 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Jamila Yousuf

Director

25th July 2025

The notes on pages 3 to 5 form part of these financial statements.

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

1.2. 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 is reduced for estimated customer returns, rebates and other similar allowances

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

1.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

1.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: NIL (2024: NIL)

3. Tangible Assets

	Investment Properties
	£
Cost
As at 1 May 2024	7,636,390
Additions	110,833

As at 31 March 2025	7,747,223

Net Book Value
As at 31 March 2025	7,747,223

As at 1 May 2024	7,636,390

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Canvas Group Properties Limited

Notes to the Financial Statements (continued)

For the Period 1 May 2024 to 31 March 2025

4. Investments

	Subsidiaries	Unlisted	Total
	£	£	£
Cost
As at 1 May 2024	8,680,066	160,841	8,840,907

As at 31 March 2025	8,680,066	160,841	8,840,907

Provision
As at 1 May 2024	-	-	-

As at 31 March 2025	-	-	-

Net Book Value
As at 31 March 2025	8,680,066	160,841	8,840,907

As at 1 May 2024	8,680,066	160,841	8,840,907

Canvas SM Limited

The company holds 100% of the share capital in Canvas SM Limited.

Profit for the year: £31,261

Capital and reserves: £1,119,671

Canvas AK Unlimited

The company holds 100% of the share capital in Canvas AK Unlimited

Profit for the year: £17,636

Capital and reserves: £1,224,289

Canvas Propeties Unlimited

The company holds 100% of the share capital in Canvas Propeties Unlimited

Loss for the year: £259,352

Capital and reserves: £263,142

5. Debtors

	31 March 2025	30 April 2024
	£	£
Due within one year
Other debtors	15,595	5,762

	15,595	5,762

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	30 April 2024
	£	£
Other creditors	653,575	10,057
Taxation and social security	45,456	100,085

	699,031	110,142

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Canvas Group Properties Limited

Notes to the Financial Statements (continued)

For the Period 1 May 2024 to 31 March 2025

7. Share Capital

	31 March 2025	30 April 2024
	£	£
Allotted, Called up and fully paid	8,680,064	8,680,064

8. General Information

Canvas Group Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14047857 . The registered office is 115 Churchfield Road, London, United Kingdom, W3 6AH.

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