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REGISTERED NUMBER: 09356476 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2023

for

Corncrake Limited

Corncrake Limited (Registered number: 09356476)






Contents of the Financial Statements
for the Year Ended 5 April 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Corncrake Limited

Company Information
for the Year Ended 5 April 2023







DIRECTOR: Dr S M Blundell





REGISTERED OFFICE: Chancery House
41a Hanger Hill
Weybridge
Surrey
KT13 9XZ





REGISTERED NUMBER: 09356476 (England and Wales)





ACCOUNTANTS: Ampersand Partnership Limited
Chancery House
41a Hanger Hill
Weybridge
Surrey
KT13 9XZ

Corncrake Limited (Registered number: 09356476)

Abridged Balance Sheet
5 April 2023

5.4.23 5.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 7,940
Investments 5 566,842 589,236
566,842 597,176

CURRENT ASSETS
Stocks 253,433 317,183
Debtors 6 5,095,072 5,250,514
Cash at bank 11,122,442 10,956,711
16,470,947 16,524,408
CREDITORS
Amounts falling due within one year 33,331 22,443
NET CURRENT ASSETS 16,437,616 16,501,965
TOTAL ASSETS LESS CURRENT LIABILITIES 17,004,458 17,099,141

PROVISIONS FOR LIABILITIES 8,023 14,832
NET ASSETS 16,996,435 17,084,309

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 34,204 63,232
Retained earnings 16,962,131 17,020,977
SHAREHOLDERS' FUNDS 16,996,435 17,084,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

Corncrake Limited (Registered number: 09356476)

Abridged Balance Sheet - continued
5 April 2023


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 Income Statement and an abridged Balance Sheet for the year ended 5 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 5 April 2024 and were signed by:





Dr S M Blundell - Director


Corncrake Limited (Registered number: 09356476)

Notes to the Financial Statements
for the Year Ended 5 April 2023

1. STATUTORY INFORMATION

Corncrake 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Corncrake Limited (Registered number: 09356476)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

2. ACCOUNTING POLICIES - continued

Investments
Investments in subsidiary undertakings are recognised at cost.

Interests in listed investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Transaction costs are expensed to profit or loss as incurred. Changes in fair value are recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 6 April 2022 42,926
Disposals (11,165 )
At 5 April 2023 31,761
DEPRECIATION
At 6 April 2022 34,986
Charge for year 7,940
Eliminated on disposal (11,165 )
At 5 April 2023 31,761
NET BOOK VALUE
At 5 April 2023 -
At 5 April 2022 7,940

Corncrake Limited (Registered number: 09356476)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 6 April 2022 589,236
Additions 190,260
Disposals (176,816 )
Revaluations (35,838 )
At 5 April 2023 566,842
NET BOOK VALUE
At 5 April 2023 566,842
At 5 April 2022 589,236

Cost or valuation at 5 April 2023 is represented by:
Totals
£   
Valuation in 2022 29,070
Cost 537,772
566,842

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
5.4.23 5.4.22
£    £   
Other debtors 4,316,936 4,335,406

7. RESERVES
Fair
value
reserve
£   
At 6 April 2022 63,232
Reserve transfer (29,028 )

At 5 April 2023 34,204

Corncrake Limited (Registered number: 09356476)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

8. RELATED PARTY DISCLOSURES

Cobird Limited - an associate

At the year Cobird Limited owed the Company £89,141 (2022: £89,141).

Dr SM Blundell - director and shareholder

At the year end the Company owed Dr SM Blundell £18,298 (2022: £17,517).