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REGISTERED NUMBER: 14221342 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 7 JULY 2022 TO 30 SEPTEMBER 2023

FOR

CORNERSTONE CLOSE LTD

CORNERSTONE CLOSE LTD (REGISTERED NUMBER: 14221342)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 JULY 2022 TO 30 SEPTEMBER 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

CORNERSTONE CLOSE LTD

COMPANY INFORMATION
FOR THE PERIOD 7 JULY 2022 TO 30 SEPTEMBER 2023







DIRECTOR: Mrs L C G Morgan





REGISTERED OFFICE: 72 Rhosmaen Street
Llandeilo
SA19 6EN





REGISTERED NUMBER: 14221342 (England and Wales)





ACCOUNTANTS: BK Plus
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

CORNERSTONE CLOSE LTD (REGISTERED NUMBER: 14221342)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

Notes £   
CURRENT ASSETS
Stocks 1,182,330
Debtors 45,229
1,227,559
CREDITORS
Amounts falling due within one year (1,227,359 )
NET CURRENT ASSETS 200
TOTAL ASSETS LESS CURRENT
LIABILITIES

200

CAPITAL AND RESERVES
Called up share capital 4 200
SHAREHOLDERS' FUNDS 200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the period ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2024 and were signed by:





Mrs L C G Morgan - Director


CORNERSTONE CLOSE LTD (REGISTERED NUMBER: 14221342)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 JULY 2022 TO 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Cornerstone Close Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised at the point of invoicing.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
200 Ordinary £1 200

200 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

CORNERSTONE CLOSE LTD (REGISTERED NUMBER: 14221342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7 JULY 2022 TO 30 SEPTEMBER 2023

5. RELATED PARTY DISCLOSURES

Harrington Grounds Limited

Parent company


During the period, the company loaned the related party £200 as working capital. The amount is unsecured, interest-free and repayable on demand.

£   
Amount due from related party at the balance sheet date 200

OTH Limited

A company under common control


During the period, the related party loaned the company £1,227,009 as working capital. The amount is unsecured, interest-free and repayable on demand.

£   
Amount due to related party at the balance sheet date 1,227,009

Cawdor Estates Limited

A company under common control


During the period, the related party raised invoices to the company for work done totalling £392,320. The company paid £430,000 in relation to these invoices with the balance of £37,680 shown in other debtors.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CORNERSTONE CLOSE LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cornerstone Close Ltd for the period ended 30 September 2023 which comprise the Statement of Income and Retained Earnings, Abridged Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Cornerstone Close Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cornerstone Close Ltd and state those matters that we have agreed to state to the director of Cornerstone Close Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Cornerstone Close Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cornerstone Close Ltd. You consider that Cornerstone Close Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Cornerstone Close Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BK Plus
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX


Date: .............................................