Canute Road Apartments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12085085

Canute Road Apartments Limited

Filleted Unaudited Financial Statements

31 July 2025

Canute Road Apartments Limited

Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Fixed assets

Investments	4	2,292,178	2,292,178

Current assets

Debtors	5	17,001	62,002
Cash at bank and in hand		1,878	4,228
		--------	--------
		18,879	66,230

Creditors: amounts falling due within one year	6	13,185	14,995
		--------	--------
Net current assets		5,694	51,235
		------------	------------
Total assets less current liabilities		2,297,872	2,343,413

Creditors: amounts falling due after more than one year	7	2,417,891	2,417,891
		------------	------------
Net liabilities		( 120,019)	( 74,478)
		------------	------------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 120,020)	( 74,479)
	---------	--------
Shareholders deficit	( 120,019)	( 74,478)
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Canute Road Apartments Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 9 September 2026 , and are signed on behalf of the board by:

Mr J D Ondhia
Director

Company registration number: 12085085

Canute Road Apartments Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor, 1 Duchess Street, London, W1W 6AN, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

In the opinion of the directors, continued financial support will be available such that the company can continue trading and meet it's liabilities as they fall due. Based on this, the directors consider it appropriate that the financial statements are prepared on a going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents rent receivable from leasehold properties.

Investment properties

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

The surplus or deficit arising from the annual revaluation is transferred to the non-distributable profit and loss reserve unless a deficit on an individual investment property is expected to be permanent in which case it is recognised in the profit and loss reserve account for the year.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Investments

	Leasehold properties
	£
Cost
At 1 August 2024 and 31 July 2025	2,292,178
	------------
Impairment
At 1 August 2024 and 31 July 2025	–
	------------

Carrying amount
At 31 July 2025	2,292,178
	------------
At 31 July 2024	2,292,178
	------------

The directors consider that the carrying amount of investment properties reflects the market value at the balance sheet date.

5. Debtors

	2025	2024
	£	£
Other debtors	17,001	62,002
	--------	--------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	–	(5,587)
Other creditors	13,185	20,582
	--------	--------
	13,185	14,995
	--------	--------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,783,031	1,783,031
Other creditors	634,860	634,860
	------------	------------
	2,417,891	2,417,891
	------------	------------

The loans are secured on the investments properties of the company.

8. Financial instruments

The company's principal financial instruments are all basic and comprise cash balances, trade and other debtors, trade and other creditors. The purpose of these financial instruments is to provide finance for the company's operations.

9. Related party transactions

Included in Debtors is an amount of £NIL (2024:£62.001) due from Shojin Properties Limited. Included in Debtors is an amount of £17,000 (2024:£NIL) due from Shojin Capital Limited. Included in Creditors is an amount of £10,695 (2024:£13,795) due to Swinton Street Studios LLP. The loan is interest free and payable on demand. Mr J Ondhia is a director and shareholder of Retropark Limited and Shojin Capital Limited,both of which are corporate members of Swinton Street Studios LLP. Mr J Ondhia is a director and shareholder of Shojin Property Partners Limited. Mr J Ondhia has provided personal guarantee against the bank loans secured on the investment properties.