REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
CORPORATE FINANCE U.K. LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
CORPORATE FINANCE U.K. LIMITED |
CORPORATE FINANCE U.K. LIMITED (REGISTERED NUMBER: 03312719) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
CORPORATE FINANCE U.K. LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants & Tax Advisers |
Unit 2.02 High Weald House |
Glovers End, Bexhill, |
East Sussex, |
United Kingdom |
TN39 5ES |
CORPORATE FINANCE U.K. LIMITED (REGISTERED NUMBER: 03312719) |
STATEMENT OF FINANCIAL POSITION |
30 NOVEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
Investment property | 7 |
CURRENT ASSETS |
Debtors | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 12 |
Special reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
CORPORATE FINANCE U.K. LIMITED (REGISTERED NUMBER: 03312719) |
STATEMENT OF FINANCIAL POSITION - continued |
30 NOVEMBER 2023 |
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. |
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 |
CORPORATE FINANCE U.K. LIMITED (REGISTERED NUMBER: 03312719) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
1. | STATUTORY INFORMATION |
Corporate Finance U.K. Limited is a |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS |
The financial statements contain information about Corporate Finance U.K. Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
TURNOVER |
Turnover represents net invoiced sales of services as well as rental income, excluding VAT. |
GOODWILL |
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of nil years. |
TANGIBLE FIXED ASSETS |
Fixtures and fittings | - |
INVESTMENT PROPERTY |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in income statement. |
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 statement of financial position date. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
CORPORATE FINANCE U.K. LIMITED (REGISTERED NUMBER: 03312719) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
Cost |
At 1 December 2022 |
and 30 November 2023 |
Net book value |
At 30 November 2023 |
At 30 November 2022 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
Cost |
At 1 December 2022 |
and 30 November 2023 |
Depreciation |
At 1 December 2022 |
and 30 November 2023 |
Net book value |
At 30 November 2023 |
At 30 November 2022 |
6. | FIXED ASSET INVESTMENTS |
Unlisted |
investments |
£ |
Cost |
At 1 December 2022 |
and 30 November 2023 | 1,313,295 |
Net book value |
At 30 November 2023 | 1,313,295 |
At 30 November 2022 | 1,313,295 |
CORPORATE FINANCE U.K. LIMITED (REGISTERED NUMBER: 03312719) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
7. | INVESTMENT PROPERTY |
Total |
£ |
Fair value |
At 1 December 2022 |
and 30 November 2023 | 3,435,240 |
Depreciation |
At 1 December 2022 | 59,417 |
Charge for year | 1,091 |
At 30 November 2023 | 60,508 |
Net book value |
At 30 November 2023 | 3,374,732 |
At 30 November 2022 | 3,375,823 |
Fair value at 30 November 2023 is represented by: |
£ |
Valuation in 2012 | 1,131,591 |
Valuation in 2016 | 391,238 |
Cost | 1,912,411 |
3,435,240 |
Fixed assets, included in the above, which are held under finance leases are as follows: |
Total |
£ |
Fair value |
At 1 December 2022 |
and 30 November 2023 | 79,380 |
Depreciation |
At 1 December 2022 | 57,557 |
Charge for year | 1,091 |
At 30 November 2023 | 58,648 |
Net book value |
At 30 November 2023 | 20,732 |
At 30 November 2022 | 21,823 |
Property held on lease for 99 year from 24 December 1987. |
CORPORATE FINANCE U.K. LIMITED (REGISTERED NUMBER: 03312719) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
8. | DEBTORS |
2023 | 2022 |
£ | £ |
Amounts falling due within one year: |
Amounts owed by associates |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts (see note 11) |
Trade creditors |
Taxation and social security |
Other creditors |
10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans (see note 11) |
11. | LOANS |
An analysis of the maturity of loans is given below: |
2023 | 2022 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank overdrafts |
Bank loans falling due within one year |
Amounts falling due between one and two years: |
Bank loans falling due after one year |
CORPORATE FINANCE U.K. LIMITED (REGISTERED NUMBER: 03312719) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
12. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |