Canvas SM Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 14052587

		31 March 2025		30 April 2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		1,062,272		1,062,272

			1,062,272		1,062,272
CURRENT ASSETS
Debtors	5	12,237		5,074
Cash at bank and in hand		58,308		33,574

		70,545		38,648
Creditors: Amounts Falling Due Within One Year	6	(13,146 )		(12,510 )

NET CURRENT ASSETS (LIABILITIES)			57,399		26,138

TOTAL ASSETS LESS CURRENT LIABILITIES			1,119,671		1,088,410

NET ASSETS			1,119,671		1,088,410

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			1,119,670		1,088,409

SHAREHOLDERS' FUNDS			1,119,671		1,088,410

Page 1

Page 2

Canvas SM 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

Ms Sohaila Alimahomed

Director

18th July 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Canvas SM Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14052587 . The registered office is 115 Churchfield Road, London, United Kingdom, W3 6AH.

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.

2.3. 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.

2.4. 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.

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL (2024: NIL)

4. Investment Property

	31 March 2025
	£
Fair Value
As at 1 May 2024 and 31 March 2025	1,062,272

Page 3

Page 4

Canvas SM Limited

Notes to the Financial Statements (continued)

For the Period 1 May 2024 to 31 March 2025

5. Debtors

	31 March 2025	30 April 2024
	£	£
Due within one year
Other debtors	12,237	5,074

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	30 April 2024
	£	£
Other creditors	1,980	2,086
Taxation and social security	11,166	10,424

	13,146	12,510

7. Share Capital

	31 March 2025	30 April 2024
	£	£
Allotted, Called up and fully paid	1	1

8. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 May 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Ms Sohaila Alimahomed	2,242	5,494	-	-	7,736

The above loan is unsecured, interest free and repayable on demand.

Page 4