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REGISTERED NUMBER: 11852142 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

CORESTONE INVESTMENTS LIMITED

CORESTONE INVESTMENTS LIMITED (REGISTERED NUMBER: 11852142)






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


CORESTONE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mrs S L Jones





REGISTERED OFFICE: 107 Havant Road
Hayling Island
Hampshire
PO11 0LE





REGISTERED NUMBER: 11852142 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

CORESTONE INVESTMENTS LIMITED (REGISTERED NUMBER: 11852142)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,000 1,000

CURRENT ASSETS
Debtors 5 152,407 -
Cash at bank 1,585 133,626
153,992 133,626
CREDITORS
Amounts falling due within one year 6 152,865 133,531
NET CURRENT ASSETS 1,127 95
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,127

1,095

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,027 995
2,127 1,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 and authorised for issue by the director and authorised for issue on 16 October 2023 and were signed by:





Mrs S L Jones - Director


CORESTONE INVESTMENTS LIMITED (REGISTERED NUMBER: 11852142)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Corestone Investments 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 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.

At the balance sheet date the company has net current liabilities and net liabilities. The company's principal creditor is a company under common control which has agreed not to seek repayment of the amounts owed until the company has sufficient cashflows to do so. On this basis the directors have prepared these financial statements on the going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Corestone Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

CORESTONE INVESTMENTS LIMITED (REGISTERED NUMBER: 11852142)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2022
and 31 July 2023 1,000
NET BOOK VALUE
At 31 July 2023 1,000
At 31 July 2022 1,000

5. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Other debtors 34,000 -

Amounts falling due after more than one year:
Other debtors 118,407 -

Aggregate amounts 152,407 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security - 691
Other creditors 152,865 132,840
152,865 133,531

7. RELATED PARTY DISCLOSURES

The aggregate amount owed to director and shareholders at the balance sheet date is £151,880 (31.7.22: £Nil).

8. ULTIMATE CONTROLLING PARTY

The company is not under the control of another entity nor any one individual.