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REGISTERED NUMBER: 05624503 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Sustain Cornwall Limited

Sustain Cornwall Limited (Registered number: 05624503)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Sustain Cornwall Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: P G S Bradley





REGISTERED OFFICE: The Green Build Hub
Eden Project Campus
Bodelva
Cornwall
PL24 2SG





REGISTERED NUMBER: 05624503 (England and Wales)

Sustain Cornwall Limited (Registered number: 05624503)

Abridged Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,429 -

CURRENT ASSETS
Debtors 25,457 33,120
Cash at bank 31,835 9,079
57,292 42,199
CREDITORS
Amounts falling due within one year 31,004 8,709
NET CURRENT ASSETS 26,288 33,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,717

33,490

CREDITORS
Amounts falling due after more than one
year

(29,342

)

(34,109

)

PROVISIONS FOR LIABILITIES (179 ) -
NET ASSETS/(LIABILITIES) 196 (619 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 195 (620 )
196 (619 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Sustain Cornwall Limited (Registered number: 05624503)

Abridged Balance Sheet - continued
31 January 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 July 2024 and were signed by:





P G S Bradley - Director


Sustain Cornwall Limited (Registered number: 05624503)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Sustain Cornwall Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 10% on reducing balance

Grants
Grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

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 balance sheet date.


Sustain Cornwall Limited (Registered number: 05624503)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 3,810
At 31 January 2024 3,810
DEPRECIATION
Charge for year 381
At 31 January 2024 381
NET BOOK VALUE
At 31 January 2024 3,429

5. RELATED PARTY DISCLOSURES

During the year the company charged to its parent, The Cornwall Sustainable Building Trust (a company limited by guarantee and registered charity), management charges of £nil (2023: £13,500) in relation to the maintenance of the The Cornwall Sustainable Building Trust's building.

At the balance sheet date the amount owed by the company to The Cornwall Sustainable Building Trust was £24,873 (2023: £16,470 owed by The Cornwall Sustainable Building Trust to the company).

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The Cornwall Sustainable BuildingTrust.