Company registration number 08500890 (England and Wales)
CORNER HOUSE ASSOCIATES LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
PAGES FOR FILING WITH REGISTRAR
CORNER HOUSE ASSOCIATES LIMITED
CONTENTS
Page
Director's report
Balance sheet
1
Notes to the financial statements
2 - 4
CORNER HOUSE ASSOCIATES LIMITED
BALANCE SHEET
AS AT
30 APRIL 2023
30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
2
3,334
6,667
Tangible assets
3
1,525
639
4,859
7,306
Current assets
Debtors
4
4,505
9,688
Cash at bank and in hand
21,768
32,712
26,273
42,400
Creditors: amounts falling due within one year
5
(5,411)
(4,955)
Net current assets
20,862
37,445
Total assets less current liabilities
25,721
44,751
Provisions for liabilities
(1,215)
(290)
Net assets
24,506
44,461
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
24,505
44,460
Total equity
24,506
44,461

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 18 September 2023
Denise Blanchard
Director
Company Registration No. 08500890
CORNER HOUSE ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
- 2 -
1
Accounting policies
Company information

Corner House Associates Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Corner House, Shire Lane, Chorleywood, Herts, WD3 5NR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website
33% straight line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
25% reducing basis
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities which are carried at amortised cost.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

CORNER HOUSE ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting policies.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Intangible fixed assets
Website
£
Cost
At 1 May 2022 and 30 April 2023
10,000
Amortisation and impairment
At 1 May 2022
3,333
Amortisation charged for the year
3,333
At 30 April 2023
6,666
Carrying amount
At 30 April 2023
3,334
At 30 April 2022
6,667
CORNER HOUSE ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2022
4,363
Additions
1,399
At 30 April 2023
5,762
Depreciation and impairment
At 1 May 2022
3,724
Depreciation charged in the year
513
At 30 April 2023
4,237
Carrying amount
At 30 April 2023
1,525
At 30 April 2022
639
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
4,361
7,140
Other debtors
144
2,548
4,505
9,688
5
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
1,849
3,614
Other taxation and social security
202
201
Other creditors
3,360
1,140
5,411
4,955
6
Related party transactions

At the balance sheet date the company owes the director £2,060 (2022: The director owed the company £2,404).

7
Controlling party

The company is controlled by its director.

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