| Canyon Properties Limited |
| Registered Number:13083548 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Canyon Properties Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Canyon Properties Limited
Statement of Financial Position
2023
2024
2
3,055,000
3,055,000
3,055,000
3,055,000
| Trade and other receivables |
1,160
-
3
7,828
| Cash and cash equivalents |
17,261
17,261
8,988
| Trade and other payables: amounts falling due within one |
| year |
(1,013,434)
(1,013,434)
4
(1,004,446)
(996,173)
Net current liabilities
| Total assets less current liabilities |
2,058,827
2,050,554
| Trade and other payables: amounts falling due after more |
| than one year |
(1,958,308)
(1,958,426)
5
(21,216)
(21,216)
| Provisions for liabilities |
79,185
Net assets
71,030
2
2
148,843
148,843
(69,660)
(77,815)
79,185
71,030
Shareholders' funds
| For the year ended 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 December 2024
Canyon Properties Limited
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 24 September 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
Canyon Properties Limited
Notes to the Financial Statements
Statutory Information
| Canyon Properties Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 13083548. |
F2 East Court
Enterprise Road
Maidstone
Kent
ME15 6JF
| The presentation currency is £ sterling. |
| Investment property which is held to earn rentals and/or for capital appreciation, is initially recognised at cost, which |
| includes purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the |
| reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the Rents receivable on investment properties in the accounting period.
Investment property
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the fair value reserve At the year end, the directors have revalued the properites at their market value at the balance sheet date. |
Going Concern
| As at 31st December 2024 the company has net current liabilites of £996,173 (2023 £1,004,446). The director |
| reviewed the working capital available at 31 December 2024 and with their continued support othey are satisifed that |
| the company will continue operating for at least 12 months from the signing of these accounts and pay any debts as |
| they fall due. The director has therefore concluded that the accounts should be prepared on a going concern basis. |
3,055,000
3,055,000
3,055,000
3,055,000
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For the year ended 31 December 2024
Canyon Properties Limited
Notes to the Financial Statements Continued
| 3. Trade and other receivables |
2023
2024
-
1,160
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
1,013,434
1,013,434
| 5. Trade and other payables: amounts falling due after more than one year |
2023
2024
| Bank loans and overdraft (secured) |
1,958,426
1,958,308
| 6. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 2)
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