REGISTERED NUMBER: 07265763 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

C21 Brands Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J G Lister

SECRETARY:

J G Lister

REGISTERED OFFICE:

38 Ennismore Avenue

London

W4 1SF

REGISTERED NUMBER:

07265763 (England and Wales)

ACCOUNTANTS:

WILSHERS & CO

10-11 Heathfield Terrace

London

W4 4JE

FIXED ASSETS

Tangible assets

4

887

1,217

CURRENT ASSETS

Debtors

5

29,511

12,971

Cash at bank

-

23,817

29,511

36,788

CREDITORS

Amounts falling due within one year

6

30,379

19,604

NET CURRENT (LIABILITIES)/ASSETS

(868

)

17,184

TOTAL ASSETS LESS CURRENT LIABILITIES

19

18,401

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

9

18,391

SHAREHOLDERS' FUNDS

7

19

18,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 12 April 2018 and were signed by:

J G Lister - Director

1.	STATUTORY INFORMATION

C21 Brands 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

50% on cost

Taxation

Taxation for the year 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 year 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2017

1,840

20,421

22,261

Additions

-

1,774

1,774

At 31 December 2017

1,840

22,195

24,035

DEPRECIATION

At 1 January 2017

1,840

19,204

21,044

Charge for year

-

2,104

2,104

At 31 December 2017

1,840

21,308

23,148

NET BOOK VALUE

At 31 December 2017

-

887

887

At 31 December 2016

-

1,217

1,217

5.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Trade debtors

10,288

3,405

Other debtors

10,171

9,566

20,459

12,971

Amounts falling due after more than one year:

Other debtors

9,052

-

Aggregate amounts

29,511

12,971

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

8,037

-

Trade creditors

606

4,399

Taxation and social security

21,276

10,890

Other creditors

460

4,315

30,379

19,604

7.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

2017

2016

£

£

Profit for the financial year

72,518

39,594

Dividends

(90,900

)

(37,000

)

(18,382

)

2,594

Opening shareholders funds

-

15,807

Net (reduction)/addition to shareholders' funds

(18,382

)

18,401

Opening shareholders' funds

18,401

-

Closing shareholders' funds

19

18,401