Silverfin false false 31/05/2024 01/06/2023 31/05/2024 Mr A J Lund 05/12/2012 27 January 2025 The principal activity of the Company during the financial year was the buying and selling of own real estate. 08319750 2024-05-31 08319750 bus:Director1 2024-05-31 08319750 2023-05-31 08319750 core:CurrentFinancialInstruments 2024-05-31 08319750 core:CurrentFinancialInstruments 2023-05-31 08319750 core:ShareCapital 2024-05-31 08319750 core:ShareCapital 2023-05-31 08319750 core:RetainedEarningsAccumulatedLosses 2024-05-31 08319750 core:RetainedEarningsAccumulatedLosses 2023-05-31 08319750 bus:OrdinaryShareClass1 2024-05-31 08319750 2023-06-01 2024-05-31 08319750 bus:FilletedAccounts 2023-06-01 2024-05-31 08319750 bus:SmallEntities 2023-06-01 2024-05-31 08319750 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 08319750 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08319750 bus:Director1 2023-06-01 2024-05-31 08319750 2022-06-01 2023-05-31 08319750 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 08319750 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08319750 (England and Wales)

ALMA CORNWALL LIMITED

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

ALMA CORNWALL LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

ALMA CORNWALL LIMITED

BALANCE SHEET

As at 31 May 2024
ALMA CORNWALL LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Current assets
Stocks 0 12,600
Debtors 3 25,025 48,904
Cash at bank and in hand 0 1,316
25,025 62,820
Creditors: amounts falling due within one year 4 0 ( 37,447)
Net current assets 25,025 25,373
Total assets less current liabilities 25,025 25,373
Net assets 25,025 25,373
Capital and reserves
Called-up share capital 5 10 10
Profit and loss account 25,015 25,363
Total shareholder's funds 25,025 25,373

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 ALMa Cornwall Limited (registered number: 08319750) were approved and authorised for issue by the Director on 27 January 2025. They were signed on its behalf by:

Mr A J Lund
Director
ALMA CORNWALL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
ALMA CORNWALL 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

ALMa Cornwall 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 C/O Francis Clark Llp, Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom. The principal place of business is Ash Lodge, Lanjeth Farm, St Austell, Cornwall , PL26 7TN.

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 £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Stocks

Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the work in progress to their present location and condition. At each reporting date, work in progress is assessed in impairment. If work in progress is impaired, the carrying amount is reduced to its recoverable amount: the impairment loss is recognised immediately in profit or loss.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

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

3. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 25,025 35,904
Other debtors 0 13,000
25,025 48,904

4. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 0 30,447
Other creditors 0 7,000
0 37,447

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each 10 10

6. Ultimate controlling party

Parent Company:

ALMa SW Ltd
C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, Devon, United Kingdom, PL1 3GW