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Company Registration No. 12464133 (England and Wales)
CORNERSTONE WORLDWIDE LIMITED Unaudited accounts for the year ended 29 February 2024
CORNERSTONE WORLDWIDE LIMITED Unaudited accounts Contents
Page
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CORNERSTONE WORLDWIDE LIMITED Company Information for the year ended 29 February 2024
Director
Wai Ling Jenny YOONG
Company Number
12464133 (England and Wales)
Registered Office
15 Cheadle Wood Cheadle Hulme Cheadle Cheshire SK8 6SS
Accountants
Lams Accountants 20 Burton Road Didsbury Manchester Greater Manchester M20 3ED
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CORNERSTONE WORLDWIDE LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
795,084 
795,084 
Current assets
Debtors
6,000 
5,100 
Cash at bank and in hand
158,712 
141,526 
164,712 
146,626 
Creditors: amounts falling due within one year
(17,880)
(41,778)
Net current assets
146,832 
104,848 
Total assets less current liabilities
941,916 
899,932 
Creditors: amounts falling due after more than one year
(750,299)
(750,299)
Net assets
191,617 
149,633 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
191,616 
149,632 
Shareholders' funds
191,617 
149,633 
For the year ending 29 February 2024 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 director acknowledges her 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 and authorised for issue on 18 April 2024 and were signed on its behalf by
Wai Ling Jenny YOONG Director Company Registration No. 12464133
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CORNERSTONE WORLDWIDE LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
CORNERSTONE WORLDWIDE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12464133. The registered office is 15 Cheadle Wood, Cheadle Hulme, Cheadle, Cheshire, SK8 6SS.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value.
4
Investment property
2024 
£ 
Fair value at 1 March 2023
795,084 
At 29 February 2024
795,084 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,000 
- 
Other debtors
- 
5,100 
6,000 
5,100 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
10,366 
34,395 
Proposed dividends
1,000 
2,000 
Other creditors
6,000 
5,100 
Loans from directors
445 
216 
Accruals
69 
67 
17,880 
41,778 
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CORNERSTONE WORLDWIDE LIMITED Notes to the Accounts for the year ended 29 February 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
750,299 
750,299 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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