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REGISTERED NUMBER: 06713242 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

CORNISH CROWN LIMITED

CORNISH CROWN LIMITED (REGISTERED NUMBER: 06713242)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORNISH CROWN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: J C Dunkley





REGISTERED OFFICE: The Crown
1 Victoria Square
Penzance
Cornwall
TR18 2EP





REGISTERED NUMBER: 06713242 (England and Wales)





ACCOUNTANTS: Hawthorn Carter
6 Penpol Road
Hayle
Cornwall
TR27 4AD

CORNISH CROWN LIMITED (REGISTERED NUMBER: 06713242)

BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,299 37,641

CURRENT ASSETS
Stocks 36,450 36,450
Debtors 5 8,957 37,219
Cash in hand 1,700 1,700
47,107 75,369
CREDITORS
Amounts falling due within one year 6 74,273 101,665
NET CURRENT LIABILITIES (27,166 ) (26,296 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,133

11,345

CREDITORS
Amounts falling due after more than one
year

7

(88,418

)

(91,046

)

PROVISIONS FOR LIABILITIES (6,327 ) -
NET LIABILITIES (88,612 ) (79,701 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (88,613 ) (79,702 )
SHAREHOLDERS' FUNDS (88,612 ) (79,701 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CORNISH CROWN LIMITED (REGISTERED NUMBER: 06713242)

BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 31 July 2024 and were signed by:





J C Dunkley - Director


CORNISH CROWN LIMITED (REGISTERED NUMBER: 06713242)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Cornish Crown 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.

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.

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 - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CORNISH CROWN LIMITED (REGISTERED NUMBER: 06713242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 119,728 11,780 7,923 1,567 140,998
Additions 5,526 - - 400 5,926
At 31 October 2023 125,254 11,780 7,923 1,967 146,924
DEPRECIATION
At 1 November 2022 94,166 5,416 2,853 922 103,357
Charge for year 7,772 1,273 1,014 209 10,268
At 31 October 2023 101,938 6,689 3,867 1,131 113,625
NET BOOK VALUE
At 31 October 2023 23,316 5,091 4,056 836 33,299
At 31 October 2022 25,562 6,364 5,070 645 37,641

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
as restated
£    £   
Trade debtors 8,957 11,219
Other debtors - 26,000
8,957 37,219

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
as restated
£    £   
Bank loans and overdrafts 21,211 38,826
Other loans 3,740 5,928
Trade creditors 2,631 2,400
Social security and other taxes 63 1,512
VAT 2,486 4,155
Other creditors 18 8,942
Directors' current accounts 42,724 38,902
Accrued expenses 1,400 1,000
74,273 101,665

CORNISH CROWN LIMITED (REGISTERED NUMBER: 06713242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
as restated
£    £   
Bank loans - 1-2 years 4,369 -
Bank loans - 2-5 years 22,209 27,617
Other loans - 1-2 years 3,740 63,429
Other loans - 2-5 years 58,100 -
88,418 91,046

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: as restated
£    £   
1 Ordinary £1 1 1