Company Registration No. 04841425 (England and Wales)
CORNCRAKE PROPERTIES LIMITED
Unaudited accounts
for the year ended 31 March 2023
CORNCRAKE PROPERTIES LIMITED
Unaudited accounts
Contents
CORNCRAKE PROPERTIES LIMITED
Company Information
for the year ended 31 March 2023
Directors
Russell Dunleavy
James Dunleavy
Tracey Dunleavy
Company Number
04841425 (England and Wales)
Registered Office
116 WIDNEY MANOR ROAD
SOLIHULL
WEST MIDLANDS
B91 3JJ
CORNCRAKE PROPERTIES LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
4,436,747
4,643,000
Cash at bank and in hand
90,449
108,244
Creditors: amounts falling due within one year
(28,667)
236,401
Net current assets
199,553
1,101,934
Total assets less current liabilities
4,636,300
5,744,934
Creditors: amounts falling due after more than one year
(2,646,195)
(3,864,426)
Net assets
1,990,105
1,880,508
Called up share capital
400
400
Revaluation reserve
623,459
623,459
Profit and loss account
1,366,246
1,256,649
Shareholders' funds
1,990,105
1,880,508
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by
Russell Dunleavy
Director
Company Registration No. 04841425
CORNCRAKE PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
CORNCRAKE PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04841425. The registered office is 116 WIDNEY MANOR ROAD, SOLIHULL, WEST MIDLANDS, B91 3JJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2022
4,609,761
2,573
28,271
7,750
-
4,648,355
Disposals
(207,000)
-
-
-
-
(207,000)
At 31 March 2023
4,402,761
2,573
28,271
7,750
747
4,442,102
At 1 April 2022
-
500
-
4,855
-
5,355
At 31 March 2023
-
500
-
4,855
-
5,355
At 31 March 2023
4,402,761
2,073
28,271
2,895
747
4,436,747
At 31 March 2022
4,609,761
2,073
28,271
2,895
-
4,643,000
CORNCRAKE PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
-
(250,000)
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,175,000
1,300,000
Amounts owed to group undertakings and other participating interests
-
375,000
Loans from directors
1,317,195
2,189,426
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Long-Term loan to fund company
(1,364,713)
-
-
(1,364,713)
Long-Term Loan for Main residence Acquisition
540,000
-
-
540,000
Long-Term loan to fund company
(1,364,713)
-
-
(1,364,713)
(2,189,426)
-
-
(2,189,426)
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).