Year Ended
Registration number:
Cornwallis Group Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Cornwallis Group Limited
Company Information
Directors |
Mr K Raichura Ms K Cawkwell |
Registered office |
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Accountants |
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Cornwallis Group Limited
Balance Sheet
5 April 2023
Note |
2023 |
2022 |
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Fixed assets |
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Other financial assets |
2,266,503 |
1,865,202 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
2,520,000 |
2,520,000 |
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Investment revaluation reserve |
92,728 |
186,130 |
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Profit and loss account |
91,640 |
43,125 |
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Shareholders' funds |
2,704,368 |
2,749,255 |
Cornwallis Group Limited
Balance Sheet
5 April 2023
For the financial year ending 5 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 11537873
Cornwallis Group Limited
Notes to the Unaudited Financial Statements
Year Ended 5 April 2023
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. The company recognises revenue based on it's value of the services provided to date.
Cornwallis Group Limited
Notes to the Unaudited Financial Statements
Year Ended 5 April 2023
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Financial instruments
Classification
• Listed investments
• Short term other creditors
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged,
Such instruments except for listed investments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking into account of impairment adjustments.
Listed investments are initially measured at transaction price, including transaction costs, and are subsequently carried at fair value. Fair value has been measured at the quoted market price at the balance sheet date.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Cornwallis Group Limited
Notes to the Unaudited Financial Statements
Year Ended 5 April 2023
Other financial assets (current and non-current) |
Financial assets at fair value through profit and loss |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 6 April 2022 |
1,865,202 |
1,865,202 |
Additions |
525,835 |
525,835 |
Fair value adjustments |
(124,534) |
(124,534) |
At 5 April 2023 |
2,266,503 |
2,266,503 |
Carrying amount |
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At 5 April 2023 |
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2,266,503 |
Debtors |
2023 |
2022 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Corporation tax |
1,812 |
410 |
Accruals and deferred income |
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Cornwallis Group Limited
Notes to the Unaudited Financial Statements
Year Ended 5 April 2023
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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1,890,000 |
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1,890,000 |
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630,000 |
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630,000 |
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