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
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
CORNERSTONES PROPERTIES LIMITED
Statement of financial position
as at 30 November 2023
Tangible assets
272,500
96,000
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)
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
CORNERSTONES PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 30 November 2023
272,500
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).