Canvas Properties Unlimited

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

Registered number: 10649471

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		2,161,502		1,343,286

			2,161,502		1,343,286
CURRENT ASSETS
Debtors	5	7,034		3,769
Cash at bank and in hand		82,301		273,349

		89,335		277,118
Creditors: Amounts Falling Due Within One Year	6	(967,640 )		(936,559 )

NET CURRENT ASSETS (LIABILITIES)			(878,305 )		(659,441 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,283,197		683,845

Creditors: Amounts Falling Due After More Than One Year	7		(1,020,055 )		(680,055 )

NET ASSETS			263,142		3,790

CAPITAL AND RESERVES
Called up share capital	8		8,680,064		8,680,064
Profit and Loss Account			(8,416,922 )		(8,676,274 )

SHAREHOLDERS' FUNDS			263,142		3,790

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Canvas Properties Unlimited

Balance Sheet (continued)

As At 31 March 2025

For the year 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 member has 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.

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 Mohammed Yousuf

Director

22nd July 2025

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

1. General Information

Canvas Properties Unlimited is a private company, limited by shares, incorporated in England & Wales, registered number 10649471 . The registered office is 115 Churchfield Road, London, England, 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 year was: NIL (2024: NIL)

4. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	1,343,286
Additions	818,216

As at 31 March 2025	2,161,502

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Canvas Properties Unlimited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	1,700
Other debtors	7,034	2,069

	7,034	3,769

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	881,205	875,245
Taxation and social security	86,435	61,314

	967,640	936,559

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

	2025	2024
	£	£
Other creditors	1,020,055	680,055

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	8,680,064	8,680,064

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