REGISTERED NUMBER: 02465752 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

CANYNGE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Thomas

T J Whicheloe

H D Whicheloe

A Whicheloe

SECRETARY:

J Thomas

REGISTERED OFFICE:

58 Royal York Crescent

Clifton

Bristol

BS8 4JP

REGISTERED NUMBER:

02465752 (England and Wales)

ACCOUNTANTS:

Gravita

2nd Floor, South

One Castle Park

Tower Hill

Bristol

BS2 0JA

FIXED ASSETS

Tangible assets

4

6,794

8,442

Investments

5

3,344,842

44,350

Investment property

6

1,694,924

1,574,924

5,046,560

1,627,716

CURRENT ASSETS

Debtors

7

1,331,493

409,380

Cash at bank

3,487,365

115,001

4,818,858

524,381

CREDITORS

Amounts falling due within one year

8

(7,432,163

)

(827,199

)

NET CURRENT LIABILITIES

(2,613,305

)

(302,818

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,433,255

1,324,898

PROVISIONS FOR LIABILITIES

(115,746

)

(2,111

)

NET ASSETS

2,317,509

1,322,787

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

342,141

-

Retained earnings

1,975,268

1,322,687

SHAREHOLDERS' FUNDS

2,317,509

1,322,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2026 and were signed on its behalf by:

T J Whicheloe - Director

1.	COMPANY INFORMATION

Canynge Properties 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.

The principal activity of the company in the year under review was that of property management and development.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. On this basis, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Canynge Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 year 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

The company values its investments at fair value at the end of the accounting period, with an associated deferred tax provision. Changes in market value are recognised through the profit and loss account. Profits and losses on disposal of investments are also recognised in the profit and loss account.

An adjustment for the net overall movement in market value and deferred tax is made between the profit and loss account and fair value reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2024

and 30 September 2025

13,867

14,729

3,218

31,814

DEPRECIATION

At 1 October 2024

11,267

9,271

2,834

23,372

Charge for year

650

819

179

1,648

At 30 September 2025

11,917

10,090

3,013

25,020

NET BOOK VALUE

At 30 September 2025

1,950

4,639

205

6,794

At 30 September 2024

2,600

5,458

384

8,442

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 October 2024

100

44,250

44,350

Additions

-

3,578,615

3,578,615

Disposals

-

(614,311

)

(614,311

)

Revaluations

-

336,188

336,188

At 30 September 2025

100

3,344,742

3,344,842

NET BOOK VALUE

At 30 September 2025

100

3,344,742

3,344,842

At 30 September 2024

100

44,250

44,350

Cost or valuation at 30 September 2025 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2025

-

336,177

336,177

Cost

100

3,008,565

3,008,665

100

3,344,742

3,344,842

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

1,574,924

Revaluations

120,000

At 30 September 2025

1,694,924

NET BOOK VALUE

At 30 September 2025

1,694,924

At 30 September 2024

1,574,924

In the opinion of the directors the fair value of investment property is £1,694.924 as at 30 September 2025.

Fair value at 30 September 2025 is represented by:

£

Valuation in 2025

120,000

Cost

1,574,924

1,694,924

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by associates

1,270,000

-

Other debtors

39,305

31,380

VAT

108

-

Prepayments and accrued income

22,080

378,000

1,331,493

409,380

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

203,853

-

VAT

-

87,603

Other creditors

7,149,042

598,652

Directors' current accounts

76,070

123,786

Accruals and deferred income

3,198

17,158

7,432,163

827,199

9.	RELATED PARTY DISCLOSURES

The directors A Whicheloe and T J Whicheloe are also directors of 58 RYC Limited. At the year end 58 RYC Limited owed the company £25,193 (2024: £17,268). The loan is interest free and has no set date of repayment.

The directors A Whicheloe and J Thomas are also directors of Canynge Securities Limited. At the year end the company owed Canynge Securities Limited £599,042 (2024: £598,652). This loan was interest free and had no set date of repayment.

The directors A Whicheloe and J Thomas are also directors of Canynge Estates Limited. At the year end the company owed Canynge Estates Limited £6,550,000. The loan is interest free and has no set date of repayment.

The directors A Whicheloe and T J Whicheloe are also directors of Canynge Bicknell (Lenfestey) Limited. At the year end Canynge Bicknell (Lenfestey) Limited owed the company £1,270,000. The loan has interest charged at 5% and has no set date of repayment.