REGISTERED NUMBER: |
Cannon Street Capital Limited |
Unaudited Financial Statements |
for the Year Ended 31 July 2023 |
REGISTERED NUMBER: |
Cannon Street Capital Limited |
Unaudited Financial Statements |
for the Year Ended 31 July 2023 |
Cannon Street Capital Limited (Registered number: 07746693) |
Contents of the Financial Statements |
for the year ended 31 July 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Cannon Street Capital Limited |
Company Information |
for the year ended 31 July 2023 |
Director: |
Registered office: |
Registered number: |
Accountants: |
New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
Cannon Street Capital Limited (Registered number: 07746693) |
Balance Sheet |
31 July 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital | 8 |
Retained earnings | 9 | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Cannon Street Capital Limited (Registered number: 07746693) |
Notes to the Financial Statements |
for the year ended 31 July 2023 |
1. | Statutory information |
Cannon Street Capital Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Going Concern |
At the time of approval the director has confirmed the continued support of the company to meet it's financial commitments for a minimum of 12 months. This support will be provided personally or via a company under common control. For this reason the accounts have been prepared on a going concern basis. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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. |
Fixed asset investments |
Fixed asset investments are recognised at cost less impairment. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 August 2022 |
and 31 July 2023 |
Depreciation |
At 1 August 2022 |
and 31 July 2023 |
Net book value |
At 31 July 2023 |
Cannon Street Capital Limited (Registered number: 07746693) |
Notes to the Financial Statements - continued |
for the year ended 31 July 2023 |
5. | Fixed asset investments |
Other |
investments |
£ |
Cost |
At 1 August 2022 |
and 31 July 2023 |
Net book value |
At 31 July 2023 |
At 31 July 2022 |
Financial assets for which fair value cannot be measured reliably |
The company holds a 50% interest in the following companies incorporated incorporated in the British Virgin Islands. |
Eagle Crest (Consett) Ltd |
Eagle Crest (Wolverhampton) Ltd |
Eagle Crest (Folkestone) Ltd |
Eagle Crest (Maidstone) Ltd |
Eagle Crest (Derby) Ltd |
Eagle Crest (Worcester) Ltd |
Eagle Crest (Sunderland) Ltd |
Eagle Crest (Portsmouth) Ltd |
There is currently no reliable measure for determining the fair value of this investment, therefore it is included at cost on the balance sheet. |
6. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
7. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 10,000 | 10,000 |
Cannon Street Capital Limited (Registered number: 07746693) |
Notes to the Financial Statements - continued |
for the year ended 31 July 2023 |
9. | Reserves |
Retained |
earnings |
£ |
At 1 August 2022 | ( |
) |
Profit for the year |
At 31 July 2023 | ( |
) |
10. | Director's advances, credits and guarantees |
The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022: |
2023 | 2022 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | (114,652 | ) | (113,922 | ) |
Amounts waived | - | - |
Balance outstanding at end of year |
Interest of £8,424 (2022: £6,071) was charged. This overdrawn loan balance has since been writen off. |
11. | Related party disclosures |
At the year end the company owed £1,222,236 (2022: £1,208,040) to Eagle Crest Business Holdings Ltd, a company owned and controlled by the director, S Marks. This amount is included in other creditors. |