Company registration number 09891293 (England and Wales)
MY CORNISH PROPERTIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
MY CORNISH PROPERTIES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
MY CORNISH PROPERTIES LTD
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment property
4
2,089,283
2,080,480
Current assets
Debtors
5
-
0
4,690
Cash at bank and in hand
2,624
27,811
2,624
32,501
Creditors: amounts falling due within one year
6
(534,720)
(541,955)
Net current liabilities
(532,096)
(509,454)
Total assets less current liabilities
1,557,187
1,571,026
Creditors: amounts falling due after more than one year
7
(1,423,738)
(1,432,312)
Provisions for liabilities
(30,645)
(30,645)
Net assets
102,804
108,069
Capital and reserves
Called up share capital
1
1
Revaluation reserve
8
130,649
130,649
Profit and loss reserves
(27,846)
(22,581)
Total equity
102,804
108,069

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

MY CORNISH PROPERTIES LTD
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2023
30 November 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 9 July 2024
Mr D J Williams
Director
Company registration number 09891293 (England and Wales)
MY CORNISH PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
1
Accounting policies
Company information

My Cornish Properties Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Flat 2 1 Approach Road, Poole, Dorset, BH14 8BH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover is measured at the fair value of the consideration received, or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
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.

1.4
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Taxation
MY CORNISH PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
4
Investment property
2023
£
Fair value
At 1 December 2022
2,080,480
Additions
8,803
At 30 November 2023
2,089,283
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
-
0
4,690
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
2,445
2,041
Other creditors
532,275
539,914
534,720
541,955
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
1,423,738
1,432,312
8
Revaluation reserve
2023
2022
£
£
At the beginning and end of the year
130,649
130,649
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