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Registered number: 05251235
Cornerstone Investments UK Limited
Financial Statements
For The Year Ended 31 October 2023
JR Accounts
Chartered Certified Accountants
164-166 High Road
Ilford
Essex
IG1 1LL
Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Directors Mr Gurpal Oppal
Mr Sukhjinder Sandhu
Secretary Mr Sukhjinder Sandhu
Company Number 05251235
Registered Office 31 York Road
Ilford
Essex
IG1 3AD
Accountants JR Accounts
Chartered Certified Accountants
164-166 High Road
Ilford
Essex
IG1 1LL
Page 1
Page 2
Balance Sheet
Registered number: 05251235
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 311,416 306,900
311,416 306,900
CURRENT ASSETS
Cash at bank and in hand 5,466 59,198
5,466 59,198
Creditors: Amounts Falling Due Within One Year 5 (177,560 ) (266,315 )
NET CURRENT ASSETS (LIABILITIES) (172,094 ) (207,117 )
TOTAL ASSETS LESS CURRENT LIABILITIES 139,322 99,783
NET ASSETS 139,322 99,783
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 139,222 99,683
SHAREHOLDERS' FUNDS 139,322 99,783
Page 2
Page 3
For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gurpal Oppal
Director
Mr Sukhjinder Sandhu
Director
14 February 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
The presentation currency of the financial statements is the Pound Sterling (£).

Cornerstone Investments UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05251235 . The registered office is 31 York Road, Ilford, Essex, IG1 3AD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Stated at cost
Improvements to premises 15% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

3. Average Number of Employees
The average number of employees, including the directors, during the year was: 2 (2022: 2)
2 2
Page 4
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4. Tangible Assets
Land & Property
Freehold Improvements to premises Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2022 279,029 156,306 3,049 438,384
Additions - 10,258 - 10,258
As at 31 October 2023 279,029 166,564 3,049 448,642
Depreciation
As at 1 November 2022 - 128,655 2,829 131,484
Provided during the period - 5,687 55 5,742
As at 31 October 2023 - 134,342 2,884 137,226
Net Book Value
As at 31 October 2023 279,029 32,222 165 311,416
As at 1 November 2022 279,029 27,651 220 306,900
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 135 -
Corporation tax 10,931 9,981
Other creditors 7,500 7,500
Accruals and deferred income 960 800
Directors' loan accounts 158,034 248,034
177,560 266,315
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5