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REGISTERED NUMBER: 13381323 (England and Wales)















Unaudited Financial Statements

for the Period 1 June 2023 to 31 January 2024

for

Cornish Mims Limited

Cornish Mims Limited (Registered number: 13381323)






Contents of the Financial Statements
for the Period 1 June 2023 to 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cornish Mims Limited

Company Information
for the Period 1 June 2023 to 31 January 2024







DIRECTORS: Mrs J Lickley
M C Lickley





SECRETARY:





REGISTERED OFFICE: Vicarage Chambers
9 Park Square East
Leeds
West Yorkshire
LS1 2LH





REGISTERED NUMBER: 13381323 (England and Wales)





ACCOUNTANTS: A.G.L. Accountancy Services Limited
Flat 2
20 Harlow Moor Drive
Harrogate
North Yorkshire
HG2 0JX

Cornish Mims Limited (Registered number: 13381323)

Balance Sheet
31 January 2024

31.1.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 727,612 327,934

CURRENT ASSETS
Debtors 5 1,061 1,061
Cash at bank 160 282
1,221 1,343
CREDITORS
Amounts falling due within one year 6 200,554 198,348
NET CURRENT LIABILITIES (199,333 ) (197,005 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

528,279

130,929

CREDITORS
Amounts falling due after more than one
year

7

479,510

244,000
NET ASSETS/(LIABILITIES) 48,769 (113,071 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 48,669 (113,171 )
48,769 (113,071 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 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.

Cornish Mims Limited (Registered number: 13381323)

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.

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 7 October 2024 and were signed on its behalf by:




Mrs J Lickley - Director



M C Lickley - Director


Cornish Mims Limited (Registered number: 13381323)

Notes to the Financial Statements
for the Period 1 June 2023 to 31 January 2024

1. STATUTORY INFORMATION

Cornish Mims 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on reducing balance and 5% on reducing balance

Taxation
Taxation for the period 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.

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 period 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 period was NIL (2023 - NIL).

Cornish Mims Limited (Registered number: 13381323)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 241,794 100,146 341,940
Additions 406,253 - 406,253
At 31 January 2024 648,047 100,146 748,193
DEPRECIATION
At 1 June 2023 - 14,006 14,006
Charge for period - 6,575 6,575
At 31 January 2024 - 20,581 20,581
NET BOOK VALUE
At 31 January 2024 648,047 79,565 727,612
At 31 May 2023 241,794 86,140 327,934

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.5.23
£    £   
Trade debtors 1,061 1,061

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.5.23
£    £   
Trade creditors - 1,889
Taxation and social security 3,351 -
Other creditors 197,203 196,459
200,554 198,348

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.5.23
£    £   
Other creditors 479,510 244,000

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.5.23
£    £   
360 Funding Ltd 479,510 244,000

All the freehold property known as 2 West end, Osmotherley, Northallerton and Garage, DL6 3AA. Registered at the land registry under the title number NYK257234

Cornish Mims Limited (Registered number: 13381323)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 31 January 2024

9. DIRECTORS LOAN

The directors have loans outstanding at the year end of £195,403, these amounts while due will only be repaid when sufficient funds are available.