Company Registration No. 03948052 (England and Wales)
Canary Docklife Limited
Unaudited accounts
for the year ended 31 December 2024
Canary Docklife Limited
Unaudited accounts
Contents
Canary Docklife Limited
Company Information
for the year ended 31 December 2024
Director
Julian David Jarvis
Company Number
03948052 (England and Wales)
Registered Office
655 COMMERCIAL ROAD
LONDON
E14 7LW
Accountants
Leapman Weiss
Building 6
30 Friern Park
London
N12 9DA
Canary Docklife Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
76,422
4,512
Creditors: amounts falling due within one year
(108,370)
(60,443)
Net current assets/(liabilities)
424
(4,088)
Total assets less current liabilities
706
(3,666)
Provisions for liabilities
Net assets/(liabilities)
652
(3,773)
Called up share capital
100
100
Profit and loss account
552
(3,873)
Shareholders' funds
652
(3,773)
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 his 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 26 September 2025 and were signed on its behalf by
Julian David Jarvis
Director
Company Registration No. 03948052
Canary Docklife Limited
Notes to the Accounts
for the year ended 31 December 2024
Canary Docklife Limited is a private company, limited by shares, registered in England and Wales, registration number 03948052. The registered office is 655 COMMERCIAL ROAD, LONDON, E14 7LW.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing balance method
Computer equipment
25% Reducing balance method
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Canary Docklife Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2024
17,815
21,857
39,672
At 31 December 2024
17,815
21,857
39,672
At 1 January 2024
17,815
21,435
39,250
Charge for the year
-
140
140
At 31 December 2024
17,815
21,575
39,390
At 31 December 2024
-
282
282
At 31 December 2023
-
422
422
Amounts falling due within one year
Other debtors
20,028
50,914
6
Investments held as current assets
2024
2023
Listed investments
11,199
-
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,158
164
Other creditors
102,773
58,574
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to director
-
19,802
-
19,802
9
Transactions with related parties
At 31 December 2024 the company owed £76,523 to Property for London (P4L) Ltd (2023: £35,841 debit). The company also owed £26,250 to Docklife Trading Ltd (2023: £26,798). Both are companies under common control.
Canary Docklife Limited
Notes to the Accounts
for the year ended 31 December 2024
The company's ultimate holding company during the year was Property for London (P4L) Ltd which is controlled by the company's director, Mr J D Jarvis.
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).