CANNON (NW) LTD - Filleted accounts

Registered number

10021296

CANNON (NW) LTD

Filleted Accounts

30 November 2025

CANNON (NW) LTD
Registered number:			10021296
Balance Sheet
as at 30 November 2025

Notes		30/11/25			28/2/25
£					£
Fixed assets
Tangible assets	3			1,132,675		1,092,485

Current assets
Debtors	4		90,546		119,501
Cash at bank and in hand			71,114		67,457
			161,660		186,958

Creditors: amounts falling due within one year	5		(290,738)		(279,146)

Net current liabilities				(129,078)		(92,188)

Total assets less current liabilities				1,003,597		1,000,297

Creditors: amounts falling due after more than one year	6			(109,736)		(128,842)



Net assets				893,861		871,455

Capital and reserves
Called up share capital				100		100
Revaluation reserve	7			866,759		866,759
Profit and loss account				27,002		4,596

Shareholders' funds				893,861		871,455

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Hassim Vorajee
Director
Approved by the board on 7 September 2026

CANNON (NW) LTD
Notes to the Accounts
for the period from 1 March 2025 to 30 November 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	No depreciation

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			30/11/25	28/2/25
Number					Number

	Average number of persons employed by the company			3		3


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 March 2025	1,071,658		52,068		1,123,726
	Additions	48,000		-		48,000
	At 30 November 2025	1,119,658		52,068		1,171,726

	Depreciation
	At 1 March 2025	-		31,241		31,241
	Charge for the period	-		7,810		7,810
	At 30 November 2025	-		39,051		39,051

	Net book value
	At 30 November 2025	1,119,658		13,017		1,132,675
	At 28 February 2025	1,071,658		20,827		1,092,485


4	Debtors			30/11/25	28/2/25
£					£

	Trade debtors			11,045		45,000
	Other debtors			79,501		74,501
				90,546		119,501


5	Creditors: amounts falling due within one year			30/11/25	28/2/25
£					£

	Bank loans and overdrafts			36,539		36,143
	Taxation and social security costs			21,837		13,116
	Other creditors			232,362		229,887
				290,738		279,146


6	Creditors: amounts falling due after one year			30/11/25	28/2/25
£					£

	Bank loans			109,736		128,842


7	Revaluation reserve			30/11/25	28/2/25
£					£

	At 1 March 2025			866,759		866,759

	At 30 November 2025			866,759		866,759


8	Other information

	CANNON (NW) LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 15, Cable Court
	Pittman Way, Fulwood
	Preston
	Lancashire
	PR2 9YW