1 December 2022 false No description of principal activity Taxfiler 2024.5 12293621business:PrivateLimitedCompanyLtd2022-12-012023-11-30 122936212022-11-30 122936212022-12-012023-11-30 12293621business:AuditExemptWithAccountantsReport2022-12-012023-11-30 12293621business:AbridgedAccounts2022-12-012023-11-30 122936212023-11-30 12293621business:Director12022-12-012023-11-30 12293621business:RegisteredOffice2022-12-012023-11-30 122936212022-11-30 12293621core:WithinOneYear2023-11-30 12293621core:WithinOneYear2022-11-30 12293621core:AfterOneYear2023-11-30 12293621core:AfterOneYear2022-11-30 12293621core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 12293621core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 12293621core:RevaluationReservecore:PreviouslyStatedAmount2023-11-30 12293621core:RevaluationReservecore:PreviouslyStatedAmount2022-11-30 12293621core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 12293621core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 12293621core:PreviouslyStatedAmount2023-11-30 12293621core:PreviouslyStatedAmount2022-11-30 12293621business:SmallEntities2022-12-012023-11-30 12293621countries:EnglandWales2022-12-012023-11-30 122936212021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 12293621 (England and Wales)
CORNERSTONES PROPERTIES LIMITED Unaudited accounts for the year ended 30 November 2023
CORNERSTONES PROPERTIES LIMITED Unaudited accounts Contents
Page
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CORNERSTONES PROPERTIES LIMITED Company Information for the year ended 30 November 2023
Director
Angelina Fernando
Company Number
12293621 (England and Wales)
Registered Office
181 BUSHBURY ROAD WOLVERHAMPTON WV10 0NJ ENGLAND
Accountants
RES ACCOUNTANTS 4A All Saints Road Kings Heath Birmingham West Midlands B14 7LL
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CORNERSTONES PROPERTIES LIMITED Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
272,500 
96,000 
Current assets
Cash at bank and in hand
11,543 
165 
Creditors: amounts falling due within one year
- 
(29,200)
Net current assets/(liabilities)
11,543 
(29,035)
Total assets less current liabilities
284,043 
66,965 
Creditors: amounts falling due after more than one year
(257,675)
(100,442)
Net assets/(liabilities)
26,368 
(33,477)
Capital and reserves
Called up share capital
10 
10 
Revaluation reserve
79,000 
- 
Profit and loss account
(52,642)
(33,487)
Shareholders' funds
26,368 
(33,477)
For the year ending 30 November 2023 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 19 August 2024 and were signed on its behalf by
Angelina Fernando Director Company Registration No. 12293621
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CORNERSTONES PROPERTIES LIMITED Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
CORNERSTONES PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12293621. The registered office is 181 BUSHBURY ROAD, WOLVERHAMPTON, WV10 0NJ, ENGLAND.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 December 2022
96,000 
Additions
97,500 
Revaluations
79,000 
At 30 November 2023
272,500 
Depreciation
At 30 November 2023
- 
Net book value
At 30 November 2023
272,500 
At 30 November 2022
96,000 
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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