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REGISTERED NUMBER: 00329792 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Corrington Estates Limited

Corrington Estates Limited (Registered number: 00329792)






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


Corrington Estates Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs J A Pudney
Mrs C Creagh Chapman





SECRETARY: Mrs J A Pudney





REGISTERED OFFICE: Beechcroft Barn
Upton Lovell
Warminster
Wiltshire
BA12 0JW





REGISTERED NUMBER: 00329792 (England and Wales)





ACCOUNTANTS: Beechcroft Accountancy Services
Beechcroft Barn
Upton Lovell
Warminster
Wiltshire
BA12 0JW

Corrington Estates Limited (Registered number: 00329792)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investment property 5 10,071,000 9,772,000
10,071,001 9,772,001

CURRENT ASSETS
Debtors 6 76,440 49,284
Cash at bank 926,353 997,927
1,002,793 1,047,211
CREDITORS
Amounts falling due within one year 7 89,610 74,256
NET CURRENT ASSETS 913,183 972,955
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,984,184

10,744,956

PROVISIONS FOR LIABILITIES 1,322,920 1,248,170
NET ASSETS 9,661,264 9,496,786

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 4,216 4,216
Non distributable reserve 7,641,520 7,417,270
Retained earnings 2,015,428 2,075,200
SHAREHOLDERS' FUNDS 9,661,264 9,496,786

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 directors acknowledge their 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.

Corrington Estates Limited (Registered number: 00329792)

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 Board of Directors and authorised for issue on 13 June 2024 and were signed on its behalf by:





Mrs C Creagh Chapman - Director


Corrington Estates Limited (Registered number: 00329792)

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

1. STATUTORY INFORMATION

Corrington Estates 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.

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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis.


Turnover
Turnover by the Company represents net rents receivable from Investment Properties

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Tangible fixed assets are stated at cost or valuation less depreciation.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Corrington Estates Limited (Registered number: 00329792)

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

2. ACCOUNTING POLICIES - continued

Employee succession trust
In accordance with FRS 102 the company does not include the assets and liabilities of the Trust on its balance sheet to the extent that it considers that it will not retain any economic benefit from the assets of the Trust and will not have control of the rights or other access to those present economic benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 2,806
DEPRECIATION
At 1 January 2023
and 31 December 2023 2,805
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 9,772,000
Revaluations 299,000
At 31 December 2023 10,071,000
NET BOOK VALUE
At 31 December 2023 10,071,000
At 31 December 2022 9,772,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 10,071,000

Corrington Estates Limited (Registered number: 00329792)

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

5. INVESTMENT PROPERTY - continued

If Investment Property had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 1,265,549 1,265,549
Aggregate depreciation (431,879 ) (379,495 )

Investment Property was valued on a fair value basis on 31 December 2023 by J.C.Roe, ICIOB FNAEA MA .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 62,176 49,284
Other debtors 14,264 -
76,440 49,284

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1 -
Taxation and social security 71,167 53,051
Other creditors 18,442 21,205
89,610 74,256

8. RELATED PARTY DISCLOSURES

During the year, a firm in which a director is a partner received £2,445 ( 2022 - 2,238) for accountancy services
provided.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the Trustees of the Corrington Estates Limited Employee Succession Trust.