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Company No: 13552384 (England and Wales)

CORTEZ HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

CORTEZ HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

CORTEZ HOLDINGS LIMITED

BALANCE SHEET

As at 31 May 2024
CORTEZ HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 5 5
5 5
Current assets
Debtors 4 1,700,200 200
1,700,200 200
Creditors: amounts falling due within one year 5 ( 2) ( 1)
Net current assets 1,700,198 199
Total assets less current liabilities 1,700,203 204
Net assets 1,700,203 204
Capital and reserves
Called-up share capital 6 204 204
Profit and loss account 1,699,999 0
Total shareholders' funds 1,700,203 204

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Cortez Holdings Limited (registered number: 13552384) were approved and authorised for issue by the Director on 17 December 2024. They were signed on its behalf by:

R D Clifford-Wing
Director
CORTEZ HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
CORTEZ HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cortez Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 June 2023 5
At 31 May 2024 5
Carrying value at 31 May 2024 5
Carrying value at 31 May 2023 5

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.05.2024
Ownership
31.05.2023
Wing of St Mawes Limited Lowin House, Tregolls Road, Truro, Cornwall TR1 2NA Processing and wholesale of seafood and shellfish Ordinary 100.00% 100.00%
Wing Properties Limited Lowin House, Tregolls Road, Truro, Cornwall TR1 2NA Property letting Ordinary 100.00% 100.00%

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 1,700,000 0
Other debtors 200 200
1,700,200 200

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to own subsidiaries 2 1

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
204 Ordinary shares of £ 1.00 each 204 204

7. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2024 2023
£ £
Wing Properties Limited inter-group loan 1,700,000 0

Cortez Holdings Limited is owed £1,700,000 on an inter-group loan. The loan is interest free