Corbridge Homes Ltd 14484900 false 2022-11-15 2024-03-31 2024-03-31 The principal activity of the company is letting of real estate. Digita Accounts Production Advanced 6.30.9574.0 true 14484900 2022-11-15 2024-03-31 14484900 2024-03-31 14484900 core:RetainedEarningsAccumulatedLosses 2024-03-31 14484900 core:ShareCapital 2024-03-31 14484900 core:CurrentFinancialInstruments 2024-03-31 14484900 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14484900 bus:SmallEntities 2022-11-15 2024-03-31 14484900 bus:AuditExemptWithAccountantsReport 2022-11-15 2024-03-31 14484900 bus:FullAccounts 2022-11-15 2024-03-31 14484900 bus:SmallCompaniesRegimeForAccounts 2022-11-15 2024-03-31 14484900 bus:RegisteredOffice 2022-11-15 2024-03-31 14484900 bus:Director1 2022-11-15 2024-03-31 14484900 bus:PrivateLimitedCompanyLtd 2022-11-15 2024-03-31 14484900 core:OtherRelatedParties 2022-11-15 2024-03-31 14484900 countries:EnglandWales 2022-11-15 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 14484900

Corbridge Homes Ltd

Unaudited Financial Statements

for the Period from 15 November 2022 to 31 March 2024

 

Corbridge Homes Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Corbridge Homes Ltd

(Registration number: 14484900)
Balance Sheet as at 31 March 2024

Note

2024
£

Fixed assets

 

Investment property

4

421,014

Current assets

 

Debtors

5

183

Cash at bank and in hand

 

966

 

1,149

Creditors: Amounts falling due within one year

6

(409,037)

Net current liabilities

 

(407,888)

Net assets

 

13,126

Capital and reserves

 

Called up share capital

100

Retained earnings

13,026

Shareholders' funds

 

13,126

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 July 2024
 

.........................................
Mr Harjit Singh
Director

 

Corbridge Homes Ltd

Notes to the Unaudited Financial Statements for the Period from 15 November 2022 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of the property in the ordinary course of the company’s activities. Turnover is shown net of rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Corbridge Homes Ltd

Notes to the Unaudited Financial Statements for the Period from 15 November 2022 to 31 March 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0.

4

Investment properties

2024
£

Additions

421,014

At 31 March

421,014

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2024
£

Prepayments

183

 

Corbridge Homes Ltd

Notes to the Unaudited Financial Statements for the Period from 15 November 2022 to 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

3,055

Accruals and deferred income

900

Other creditors

405,082

409,037

7

Related party transactions

Summary of transactions with other related parties

At the year end, the company owed related party Fast Track Bio Limited £403,524. The company is a related party due to the director being a shareholder of both companies.

This amount is interest free and repayable on demand.