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REGISTERED NUMBER: 12679152 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Cordon Properties Ltd

Cordon Properties Ltd (Registered number: 12679152)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cordon Properties Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr Graham Corser
Mr Iain Gerard Donnelly





REGISTERED OFFICE: Hazlemere
70 Chorley New Road
Bolton
BL1 4BY





REGISTERED NUMBER: 12679152 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

Cordon Properties Ltd (Registered number: 12679152)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 492,785 492,785

CURRENT ASSETS
Debtors 5 36,421 36,548
Cash at bank 1,163 7,054
37,584 43,602
CREDITORS
Amounts falling due within one year 6 56,135 55,208
NET CURRENT LIABILITIES (18,551 ) (11,606 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,234

481,179

CREDITORS
Amounts falling due after more than one
year

7

458,178

467,044
NET ASSETS 16,056 14,135

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 15,956 14,035
SHAREHOLDERS' FUNDS 16,056 14,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Cordon Properties Ltd (Registered number: 12679152)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2024 and were signed on its behalf by:





Mr Iain Gerard Donnelly - Director


Cordon Properties Ltd (Registered number: 12679152)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Cordon Properties Ltd 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.

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

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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 492,785
NET BOOK VALUE
At 30 November 2023 492,785
At 30 November 2022 492,785

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 35,027 36,548
Prepayments 1,394 -
36,421 36,548

Cordon Properties Ltd (Registered number: 12679152)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,370 8,370
Amounts owed to associates 42,886 42,886
Tax 4,159 3,292
Accrued expenses 720 660
56,135 55,208

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 8,370 8,370
Bank loans - 2-5 years 25,111 25,111
Bank loans more 5 yr by instal 424,697 433,563
458,178 467,044

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 424,697 433,563

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 466,548 475,414

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100