REGISTERED NUMBER: 04432705 (England and Wales)

CANUTA PROPERTY

COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2023 TO 28 FEBRUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs K Callanan

SECRETARY:

Mrs K Callanan

REGISTERED OFFICE:

4 Robinson Grove

Meppershall

Bedfordshire

SG17 5QR

REGISTERED NUMBER:

04432705 (England and Wales)

ACCOUNTANTS:

Higginson & Co (UK) Ltd

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

FIXED ASSETS

Tangible assets

4

-

240,000

CURRENT ASSETS

Debtors

5

129,017

124,180

Cash at bank

145,002

1,038

274,019

125,218

CREDITORS

Amounts falling due within one year

6

50,660

3,234

NET CURRENT ASSETS

223,359

121,984

TOTAL ASSETS LESS CURRENT LIABILITIES

223,359

361,984

CREDITORS

Amounts falling due after more than one year

7

-

120,000

NET ASSETS

223,359

241,984

CAPITAL AND RESERVES

Called up share capital

8

2

2

Fair value reserve

-

141,514

Retained earnings

223,357

100,468

SHAREHOLDERS' FUNDS

223,359

241,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 March 2025 and were signed by:

Mrs K Callanan - Director

1.	STATUTORY INFORMATION

Canuta Property Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investment properties

No depreciation is provided on investment properties in accordance with generally accepted accounting principles.

Turnover

The income of the company is derived from rents receivable during the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 November 2023

240,000

Disposals

(240,000

)

At 28 February 2025

-

NET BOOK VALUE

At 28 February 2025

-

At 31 October 2023

240,000

Included in cost of land and buildings is freehold land of £ 98,487 (2023 - £ 98,487 ) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

31.10.23

£

£

Other debtors

129,017

124,180

The amount in other debtors over one year represents a loan made to K Callanan. The company has charged interest on this amount in line with the commercial mortgage the company has obtained from Vida Home Loans.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

31.10.23

£

£

Corporation tax

42,277

1,298

Directors' current accounts

7,183

152

Accrued expenses

1,200

1,784

50,660

3,234

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

31.10.23

£

£

Bank loans - 2-5 years

-

120,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

31.10.23

value:

£

£

2

Ordinary

£1

2

2