Canalbank Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08738728 (England and Wales)

Financial Statements for the Period 30 April 2018 to 31 December 2018

for

Canalbank Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Whiteside

Stoneoak Investments Limited

G Marland

REGISTERED OFFICE:

116 Duke Street

Liverpool

Merseyside

L1 5JW

REGISTERED NUMBER:

08738728 (England and Wales)

AUDITORS:

Ernst & Young LLP

25 Churchill Place

Canary Wharf

London

E14 5EY

CURRENT ASSETS

Debtors

3

100

-

Cash at bank and in hand

303

100

403

100

CREDITORS

Amounts falling due within one year

4

11,853

6,156

NET CURRENT LIABILITIES

(11,450

)

(6,056

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,450

)

(6,056

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(11,550

)

(6,156

)

SHAREHOLDERS' FUNDS

(11,450

)

(6,056

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 September 2019 and were signed on its behalf by:

Stoneoak Investments Limited - Director

1.	STATUTORY INFORMATION

Canalbank Developments 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 presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts

recognised in the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received for the sale of property excluding value

added tax. Turnover is recognised at the point of completion of the property sale.

Financial instruments

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are

measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective

evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit

and loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

29.4.18

£

£

Amounts owed by group undertakings

100

-

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

29.4.18

£

£

Amounts owed to group undertakings

3,453

-

Other creditors

8,400

6,156

11,853

6,156

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Bruce (Senior Statutory Auditor)

for and on behalf of Ernst & Young LLP

6.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

7.	ULTIMATE CONTROLLING PARTY

The parent company that produces consolidated accounts is Quartz Holdings Limited, a company registered in

Guernsey. The registered office address is Roseneath, The Grange, St Peter Port, Guernsey, GY1 2QJ.

This is also the ultimate parent company.

In the opinion of the directors there is no ultimate controlling party.