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REGISTERED NUMBER: 13238505 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CORMACKSTOWN PROPERTIES LIMITED

CORMACKSTOWN PROPERTIES LIMITED (REGISTERED NUMBER: 13238505)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CORMACKSTOWN PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr Patrick Joseph Ryan





REGISTERED OFFICE: 13 Dudley Gardens
Ealing
London
W13 9LU





REGISTERED NUMBER: 13238505 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

CORMACKSTOWN PROPERTIES LIMITED (REGISTERED NUMBER: 13238505)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 785 -
Investment property 6 257,159 257,159
257,944 257,159

CURRENT ASSETS
Debtors - 20,050
Cash at bank 84,245 59,180
84,245 79,230
CREDITORS
Amounts falling due within one year 315,830 324,000
NET CURRENT LIABILITIES (231,585 ) (244,770 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,359

12,389

PROVISIONS FOR LIABILITIES 7 149 -
NET ASSETS 26,210 12,389

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 26,209 12,388
SHAREHOLDERS' FUNDS 26,210 12,389

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

CORMACKSTOWN PROPERTIES LIMITED (REGISTERED NUMBER: 13238505)

ABRIDGED BALANCE SHEET - continued
31 MARCH 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 Balance Sheet for the year ended 31 March 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 20 August 2024 and were signed by:





Mr Patrick Joseph Ryan - Director


CORMACKSTOWN PROPERTIES LIMITED (REGISTERED NUMBER: 13238505)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Cormackstown Properties 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the rent receivable by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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 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 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.

CORMACKSTOWN PROPERTIES LIMITED (REGISTERED NUMBER: 13238505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 840
At 31 March 2024 840
DEPRECIATION
Charge for year 55
At 31 March 2024 55
NET BOOK VALUE
At 31 March 2024 785

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 257,159
NET BOOK VALUE
At 31 March 2024 257,159
At 31 March 2023 257,159

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 149 -

Deferred
tax
£   
Accelerated capital allowances 149
Balance at 31 March 2024 149

CORMACKSTOWN PROPERTIES LIMITED (REGISTERED NUMBER: 13238505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

9. RELATED PARTY DISCLOSURES

Holy Cross Inns Limited
Holy Cross Inns Limited is a company incorporated in the United Kingdom in which Mr Patrick Ryan is a director and 100% shareholder. As at the balance sheet date, the company owed Holy Cross Inns Limited £298,000 (2023 - £310,000). This is shown under other creditors.

10. ULTIMATE CONTROLLING PARTY

The director, Mr Patrick Joseph Ryan, controls the company by virtue of him holding 100% of the issued ordinary share capital of the company.