ACCOUNTS - Final Accounts

Registered number: 05406957

CANNON GUARANTEE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

CANNON GUARANTEE LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 4

CANNON GUARANTEE LIMITED

REGISTERED NUMBER: 05406957

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	1,375,000		1,375,000
Cash at bank and in hand	5	13,153		13,559
		1,388,153		1,388,559
Creditors: amounts falling due within one year	6	(601)		(901)
Net current assets			1,387,552		1,387,658
Total assets less current liabilities			1,387,552		1,387,658

Net assets			1,387,552		1,387,658

Capital and reserves
Called up share capital	1	1
Profit and loss account	1,387,551	1,387,657
	1,387,552	1,387,658

Page 1

CANNON GUARANTEE LIMITED

REGISTERED NUMBER: 05406957

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

E Atkin

Director

Date: 28 April 2026

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

Page 2

CANNON GUARANTEE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Cannon Guarantee Limited is private company limited by shares. The company is incorporated in England and Wales and its trading address is 16 Rosemont Road, London, NW3 6NE. The registered number is 05406957.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in Sterling (£), which is the functional currency of the entity.

The following principal accounting policies have been applied:

2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

Page 3

CANNON GUARANTEE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Other debtors	1,375,000	1,375,000

5.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	13,153	13,559

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

	Accruals and deferred income	601	901

7.	Related party transactions
	Included in other debtors is an amount of £1,375,000 (2024: £1,375,000) due from Motor Sport Magazine Limited, a company under common directorship and control. This loan is unsecured, interest free and repayable on demand.

Page 4