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REGISTERED NUMBER: 07182356 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Cornerstone Analytics Limited

Cornerstone Analytics Limited (Registered number: 07182356)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cornerstone Analytics Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J Seal





REGISTERED OFFICE: Black Hangar Studios
Lasham Airfield
Alton
GU34 5SR





REGISTERED NUMBER: 07182356 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

Cornerstone Analytics Limited (Registered number: 07182356)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,929 5,979

CURRENT ASSETS
Debtors 5 16,388,354 9,692,947
Cash at bank - 28,804
16,388,354 9,721,751
CREDITORS
Amounts falling due within one year 6 14,793,921 8,079,375
NET CURRENT ASSETS 1,594,433 1,642,376
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,598,362

1,648,355

CREDITORS
Amounts falling due after more than
one year

7

31,860

44,323
NET ASSETS 1,566,502 1,604,032

CAPITAL AND RESERVES
Called up share capital 271,001 271,001
Retained earnings 1,295,501 1,333,031
1,566,502 1,604,032

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Cornerstone Analytics Limited (Registered number: 07182356)

Balance Sheet - continued
31 December 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 7 August 2024 and were signed by:





J Seal - Director


Cornerstone Analytics Limited (Registered number: 07182356)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Cornerstone Analytics 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Financial instruments
Cash and cash equivalents
Comprises of cash at bank.

Financial Assets
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Financial Liabilities
Creditors are not interest bearing and are stated at their nominal value.

Taxation
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.

Taxation assets and liabilities are not discounted.

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.

Cornerstone Analytics Limited (Registered number: 07182356)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 10,250
DEPRECIATION
At 1 January 2023 4,271
Charge for year 2,050
At 31 December 2023 6,321
NET BOOK VALUE
At 31 December 2023 3,929
At 31 December 2022 5,979

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 137,519 4,972
Other debtors 16,250,835 8,537,533
Prepayments and accrued income - 1,150,442
16,388,354 9,692,947

Cornerstone Analytics Limited (Registered number: 07182356)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 30,921 11,548
Hire purchase contracts 2,276 2,276
Trade creditors - 1,908,728
VAT 1,012,743 494,275
Other creditors 11,744,582 4,934,038
Directors' loan accounts 679,035 727,510
Accrued expenses 1,324,364 1,000
14,793,921 8,079,375

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 28,292 38,479
Hire purchase contracts 3,568 5,844
31,860 44,323

8. ULTIMATE CONTROLLING PARTY

100% of share capital of the company is held by Orwo Limited. The registered address of is Orwo Limited 39 Long Acre, London, England, WC2E 9LG, United Kingdom.