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Registered number: 04033911
Corona Investments Limited
Financial Statements
For The Year Ended 29 April 2024
Accounts Unlocked Limited
Office 43, The Cobalt Building
1600 Eureka Park, Lower Pemberton
Ashford
Kent
TN25 4BF
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 04033911
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 570 670
Investment Properties 5 2,508,500 2,508,500
2,509,070 2,509,170
Creditors: Amounts Falling Due Within One Year 6 (229,191 ) (229,790 )
NET CURRENT ASSETS (LIABILITIES) (229,191 ) (229,790 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,279,879 2,279,380
NET ASSETS 2,279,879 2,279,380
CAPITAL AND RESERVES
Called up share capital 7 2 2
Income Statement 2,279,877 2,279,378
SHAREHOLDERS' FUNDS 2,279,879 2,279,380
For the year ending 29 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr J Whitmore
Director
5 December 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Corona Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04033911 . The registered office is 19-20 Bourne Court Southend Road, Woodford Green, Essex, IG8 8HD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% reducing balance
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 30 April 2023 3,471
As at 29 April 2024 3,471
Depreciation
As at 30 April 2023 2,801
Provided during the period 100
As at 29 April 2024 2,901
Net Book Value
As at 29 April 2024 570
As at 30 April 2023 670
5. Investment Property
2024
£
Fair Value
As at 30 April 2023 and 29 April 2024 2,508,500
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 3 3
Other taxes and social security 361 361
Other creditors 225,814 225,813
Accruals and deferred income 3,013 3,613
229,191 229,790
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 3