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REGISTERED NUMBER: 07713815















Unaudited Financial Statements

for the Period 1st August 2023 to 31st March 2024

for

Corbyco Limited

Corbyco Limited (Registered number: 07713815)






Contents of the Financial Statements
for the Period 1st August 2023 to 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Corbyco Limited

Company Information
for the Period 1st August 2023 to 31st March 2024







DIRECTOR: L R Hamill





REGISTERED OFFICE: C/O OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
Co. Durham
TS23 4EA





REGISTERED NUMBER: 07713815





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Corbyco Limited (Registered number: 07713815)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 696 928
Investment property 5 935,000 935,000
935,696 935,928

CURRENT ASSETS
Debtors 6 6,566 3,080
Investments 7 53,258 53,258
Cash at bank 46,790 91,044
106,614 147,382
CREDITORS
Amounts falling due within one year 8 (22,739 ) (35,546 )
NET CURRENT ASSETS 83,875 111,836
TOTAL ASSETS LESS CURRENT LIABILITIES 1,019,571 1,047,764

CREDITORS
Amounts falling due after more than one
year

9

(614,201

)

(628,227

)

PROVISIONS FOR LIABILITIES (46,291 ) (46,291 )
NET ASSETS 359,079 373,246

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 12 197,347 197,347
Retained earnings 161,731 175,898
359,079 373,246

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

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

Corbyco Limited (Registered number: 07713815)

Balance Sheet - continued
31st 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 director and authorised for issue on 29th January 2025 and were signed by:





L R Hamill - Director


Corbyco Limited (Registered number: 07713815)

Notes to the Financial Statements
for the Period 1st August 2023 to 31st March 2024

1. STATUTORY INFORMATION

Corbyco Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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 - 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 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Corbyco Limited (Registered number: 07713815)

Notes to the Financial Statements - continued
for the Period 1st August 2023 to 31st March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1st August 2023
and 31st March 2024 1,649
DEPRECIATION
At 1st August 2023 721
Charge for period 232
At 31st March 2024 953
NET BOOK VALUE
At 31st March 2024 696
At 31st July 2023 928

Cost or valuation at 31st March 2024 is represented by:

Plant and
machinery
etc
£   
Cost 1,649

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023
and 31st March 2024 935,000
NET BOOK VALUE
At 31st March 2024 935,000
At 31st July 2023 935,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2022 66,362
Valuation in 2023 243,638
Cost 625,000
935,000

The director sees no benefit in revaluing the properties.

Corbyco Limited (Registered number: 07713815)

Notes to the Financial Statements - continued
for the Period 1st August 2023 to 31st March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,080 3,080
Other debtors 3,486 -
6,566 3,080

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 53,258 53,258

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 8,385 -
Taxation and social security 10,980 10,978
Other creditors 3,374 24,568
22,739 35,546

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 10,509 24,367
Other creditors 603,692 603,860
614,201 628,227

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 8,385 -

Amounts falling due between two and five years:
Bank loans - 2-5 years 10,509 24,367

Members rank ahead of other creditors in liquidation.

Corbyco Limited (Registered number: 07713815)

Notes to the Financial Statements - continued
for the Period 1st August 2023 to 31st March 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 603,692 603,860

12. RESERVES
Revaluation
reserve
£   
At 1st August 2023
and 31st March 2024 197,347