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Company Registration No. 14141105 (England and Wales)
PROJECT CORNWALL GROUP LTD Unaudited accounts for the period from 1 June 2023 to 31 August 2024
PROJECT CORNWALL GROUP LTD Unaudited accounts Contents
Page
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PROJECT CORNWALL GROUP LTD Company Information for the period from 1 June 2023 to 31 August 2024
Directors
Daniel Ferris Jill Ferris Neil Ferris
Company Number
14141105 (England and Wales)
Registered Office
6 SOUTH MOLTON STREET LONDON W1K 5QF ENGLAND
Accountants
The Digital Accountant 20 Hampson Ave Clayton-Le-Woods Lancashire PR25 5TH
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PROJECT CORNWALL GROUP LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
345,629 
68,061 
Current assets
Debtors
6,218 
5,801 
Cash at bank and in hand
99,813 
72,857 
106,031 
78,658 
Creditors: amounts falling due within one year
(505,872)
(217,036)
Net current liabilities
(399,841)
(138,378)
Net liabilities
(54,212)
(70,317)
Capital and reserves
Profit and loss account
(54,212)
(70,317)
Shareholders' funds
(54,212)
(70,317)
For the period ending 31 August 2024 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by
Daniel Ferris Director Company Registration No. 14141105
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PROJECT CORNWALL GROUP LTD Notes to the Accounts for the period from 1 June 2023 to 31 August 2024
1
Statutory information
PROJECT CORNWALL GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 14141105. The registered office is 6 SOUTH MOLTON STREET, LONDON, W1K 5QF, 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 period, 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
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
- 
15,417 
52,644 
- 
- 
68,061 
Additions
283,772 
- 
- 
39,450 
6,990 
330,212 
Disposals
- 
- 
(52,644)
- 
- 
(52,644)
At 31 August 2024
283,772 
15,417 
- 
39,450 
6,990 
345,629 
Depreciation
At 31 August 2024
- 
- 
- 
- 
- 
- 
Net book value
At 31 August 2024
283,772 
15,417 
- 
39,450 
6,990 
345,629 
At 31 May 2023
- 
15,417 
52,644 
- 
- 
68,061 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,218 
5,801 
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PROJECT CORNWALL GROUP LTD Notes to the Accounts for the period from 1 June 2023 to 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
130,951 
- 
Trade creditors
- 
13,088 
Taxes and social security
(114)
- 
Accrued preference dividends
32,500 
- 
Loans from directors
342,535 
203,948 
505,872 
217,036 
7
Average number of employees
During the period the average number of employees was 0 (2023: 0).
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