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REGISTERED NUMBER: 00706230 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Corsu Investments Limited

Corsu Investments Limited (Registered number: 00706230)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Corsu Investments Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Edel
R Edel





SECRETARY: R Edel





REGISTERED OFFICE: 5 North End Road
London
NW11 9RJ





REGISTERED NUMBER: 00706230 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

Corsu Investments Limited (Registered number: 00706230)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Investment property 4 900,000 1,650,000

CURRENT ASSETS
Debtors 5 228,721 186,508
Investments 6 183,600 -
Cash at bank 28,418 19,662
440,739 206,170
CREDITORS
Amounts falling due within one year 7 274,800 279,755
NET CURRENT ASSETS/(LIABILITIES) 165,939 (73,585 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,065,939

1,576,415

PROVISIONS FOR LIABILITIES 8 116,918 216,138
NET ASSETS 949,021 1,360,277

CAPITAL AND RESERVES
Called up share capital 9 2 2
Non distributable reserves 10 523,733 1,072,426
Retained earnings 10 425,286 287,849
SHAREHOLDERS' FUNDS 949,021 1,360,277

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 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.

Corsu Investments Limited (Registered number: 00706230)

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.

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 25 December 2024 and were signed on its behalf by:





A Edel - Director


Corsu Investments Limited (Registered number: 00706230)

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


1. STATUTORY INFORMATION

Corsu Investments 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 as modified by the revaluation of certain assets.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2023 1,650,000
Disposals (750,000 )
At 31 March 2024 900,000
NET BOOK VALUE
At 31 March 2024 900,000
At 31 March 2023 1,650,000

Fair value at 31 March 2024 is represented by:
£
Valuation in 2017 640,652
Cost 259,348
900,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Amounts owed by group undertakings 32,508 32,508
Other debtors 196,213 154,000
228,721 186,508

Corsu Investments Limited (Registered number: 00706230)

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


6. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£ £
Unlisted investments 183,600 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans and overdrafts 49,839 61,421
Amounts owed to group undertakings 156,794 156,794
Taxation and social security 15,169 8,242
Other creditors 52,998 53,298
274,800 279,755

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£ £
Deferred tax 116,918 216,138

Deferred tax
£
Balance at 1 April 2023 216,138
Provided during year (99,220 )
Balance at 31 March 2024 116,918

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £ £
2 Ordinary £1 2 2

10. RESERVES
Non
Retained distributable
earnings reserves Totals
£ £ £

At 1 April 2023 287,849 1,072,426 1,360,275
Deficit for the year (411,257 ) (411,257 )
Property sale 529,928 (529,927 ) 1
Deferred tax 18,766 (18,766 ) -
At 31 March 2024 425,286 523,733 949,019