Canonbury Group Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 12126745

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		9,828		-
Tangible Assets	5		46,392		2,014
Investments	6		4,308,276		1,661,111

			4,364,496		1,663,125
CURRENT ASSETS
Debtors	7	221,937		323,852
Investments	8	200		200
Cash at bank and in hand		60,462		2,736

		282,599		326,788
Creditors: Amounts Falling Due Within One Year	9	(2,169,513 )		(1,252,663 )

NET CURRENT ASSETS (LIABILITIES)			(1,886,914 )		(925,875 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,477,582		737,250

Creditors: Amounts Falling Due After More Than One Year	10		(973,620 )		(192,502 )

NET ASSETS			1,503,962		544,748

CAPITAL AND RESERVES
Called up share capital	12		100		100
Profit and Loss Account			1,503,862		544,648

SHAREHOLDERS' FUNDS			1,503,962		544,748

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Canonbury Group Ltd

Balance Sheet (continued)

As At 31 December 2024

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 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

Mr Daniel Lee

Director

24/09/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Canonbury Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12126745 . The registered office is 13 Canonbury Place, London, N1 2NQ.

2. Accounting Policies

2.1. 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.

2.2. 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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets relate to a domain name. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. 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:

Motor Vehicles	25% Reducing balance
Computer Equipment	20% Reducing balance

2.5. 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.

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 2)

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Canonbury Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	-
Additions	10,920

As at 31 December 2024	10,920

Amortisation
As at 1 January 2024	-
Provided during the period	1,092

As at 31 December 2024	1,092

Net Book Value
As at 31 December 2024	9,828

As at 1 January 2024	-

5. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	-	3,147	3,147
Additions	59,708	-	59,708

As at 31 December 2024	59,708	3,147	62,855

Depreciation
As at 1 January 2024	-	1,133	1,133
Provided during the period	14,927	403	15,330

As at 31 December 2024	14,927	1,536	16,463

Net Book Value
As at 31 December 2024	44,781	1,611	46,392

As at 1 January 2024	-	2,014	2,014

6. Investments

	Subsidiaries
	£
Cost
As at 1 January 2024	1,661,111
Additions	2,607,249
Disposals	(215,924 )
Transfers	255,840

As at 31 December 2024	4,308,276

Provision
As at 1 January 2024	-

As at 31 December 2024	-

...CONTINUED

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Canonbury Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	4,308,276

As at 1 January 2024	1,661,111

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	15,837	-
Amounts owed by group undertakings	206,100	323,852

	221,937	323,852

8. Current Asset Investments

	2024	2023
	£	£
Shares in subsidiaries	200	200

9. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	8,422	-
Trade creditors	3,854	1
Bank loans and overdrafts	2,000	1,056
Other loans	26,859	705,202
Other taxes and social security	1,547	-
Accruals and deferred income	337,703	3,203
Directors' loan accounts	1,426,189	543,201
Amounts owed to group undertakings	362,939	-

	2,169,513	1,252,663

10. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	40,600	-
Bank loans	31,586	34,000
Other loans	901,434	158,502

	973,620	192,502

11. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	8,422	-
Later than one year and not later than five years	40,600	-

	49,022	-

	49,022	-

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Canonbury Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

12. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

13. Related Party Transactions

Canonbury Beauty:

Canonbury Beauty Ltd is controlled by Canonbury Group Ltd.

During the year, the company provided services to Canonbury Beauty Ltd totalling £90. It is the directors opinion that all transactions took place at open market rates. At the balance sheet date, the amount owed by the subsidary to Canonbury Group Ltd was £96,100.

Canonbury Hair:

Canonbury Hair Ltd is controlled by Canonbury Group Ltd.

During the year, the company provided services to Canonbury Hair Ltd totalling £110. It is the directors opinion that all transactions took place at open market rates. At the balance sheet date, the amount owed by Canonbury Group Ltd to the subsidary was £2,099.

Arnold Inventories:

Arnold Inventories Ltd is controlled by Canonbury Group Ltd.

During the year, the company provided services to Arnold Inventories Ltd totalling £14,275. It is the directors opinion that all transactions took place at open market rates. At the balance sheet date, the amount owed by Canonbury Group Ltd to the subsidiary was £255,840.

Proactive Commercial Maintenance:

Proactive Commercial Maintenance Ltd is controlled by Canonbury Group Ltd.

During the year, the company provided services to Proactive Commercial Maintenance Ltd totalling £6,399. It is the directors opinion that all transactions took place at open market rates. At the balance sheet date, the amount owed by Canonbury Group Ltd to the subsidiary was £105,000.

Folgate Safety:

Folgate Safety Ltd is controlled by Canonbury Group Ltd.

During the year the company provided services to Folgate Safety Ltd the company totalling £6,535. It is the directors opinion that all transactions took place at open market rates. At the balance sheet date, the amount owed by the subsidary to Canonbury Group Ltd was £5,000.

Forerunner Personal Catering:

Forerunner Personal Catering Ltd is controlled by Canonbury Group Ltd.

During the year, the company provided services to Forerunner Personal Catering Ltd totalling £2,992. Forerunner Personal Catering Ltd provided services to the company totalling £185,000. It is the directors opinion that all transactions took place at open market rates. At the balance sheet date, the amount owed by the subsidiary to Canonbury Group Ltd was £105,000.

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