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Canal K Limited |
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Financial Statements |
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for the Year Ended 31 December 2021 |
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REGISTERED NUMBER:
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Canal K Limited |
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Financial Statements |
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for the Year Ended 31 December 2021 |
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Canal K Limited (Registered number: 09338008) |
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Contents of the Financial Statements |
for the year ended 31 December 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Canal K Limited |
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Company Information |
for the year ended 31 December 2021 |
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Directors: |
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Registered office: |
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Registered number: |
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Accountants: |
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New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
Canal K Limited (Registered number: 09338008) |
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Balance Sheet |
31 December 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Debtors | 5 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 6 |
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves |
Called up share capital | 7 |
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Retained earnings | 8 |
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Shareholders' funds |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Canal K Limited (Registered number: 09338008) |
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Notes to the Financial Statements |
for the year ended 31 December 2021 |
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1. | Statutory information |
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Canal K Limited is a
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Going concern |
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. In particular, in response to the COVID-19 pandemic, the Directors have tested their cash flow analysis to take into account the impact on their business of possible scenarios brought on by the impact of COVID-19, alongside the measures that they can take to mitigate the impact. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts. |
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Post balance sheet events |
In the view of the Directors given the timing of the outbreak, COVID-19 is considered to be a non-adjusting event as at 31 December 2020 and consequently no adjustment is made to these financial statements. |
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Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life. |
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Computer equipments - 25% straight line |
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3. | Employees and directors |
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The average number of employees during the year was NIL (2020 - NIL). |
Canal K Limited (Registered number: 09338008) |
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Notes to the Financial Statements - continued |
for the year ended 31 December 2021 |
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4. | Tangible fixed assets |
Computer |
equipment |
£ |
Cost |
At 1 January 2021 |
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Additions |
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At 31 December 2021 |
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Depreciation |
At 1 January 2021 |
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Charge for year |
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At 31 December 2021 |
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Net book value |
At 31 December 2021 |
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At 31 December 2020 |
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5. | Debtors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Other debtors |
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6. | Creditors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Trade creditors |
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Tax |
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VAT | 3,364 | 164,719 |
Accountancy | 1,000 | - |
Directors' loan accounts | 84 | 84 |
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7. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
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A Ordinary | £1 | 60 | 60 |
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B Ordinary | £1 | 10 | 10 |
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C Ordinary share | £1 | 10 | 10 |
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D Ordinary share | £1 | 10 | 10 |
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E Ordinary shares | £1 | 10 | 10 |
10 | F Ordinary share | £1 | 10 | 10 |
110 | 110 |
Canal K Limited (Registered number: 09338008) |
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Notes to the Financial Statements - continued |
for the year ended 31 December 2021 |
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8. | Reserves |
Retained |
earnings |
£ |
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At 1 January 2021 |
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Profit for the year |
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At 31 December 2021 |
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9. | Control |
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The company is controlled by Robert D Harris |