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REGISTERED NUMBER: SC074990 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

CORNICHE (EDINBURGH) LIMITED

CORNICHE (EDINBURGH) LIMITED (REGISTERED NUMBER: SC074990)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORNICHE (EDINBURGH) LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: Miss N Grant
J Grant





SECRETARY: Miss N Grant





REGISTERED OFFICE: 2 Jeffrey Street
Edinburgh
EH1 1DT





REGISTERED NUMBER: SC074990 (Scotland)





ACCOUNTANTS: Waight & Company Ltd
Trading as WaightSharnock
8 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU

CORNICHE (EDINBURGH) LIMITED (REGISTERED NUMBER: SC074990)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,394 17,738

CURRENT ASSETS
Stocks 147,074 122,608
Debtors 5 36,840 44,285
Cash at bank 123,384 139,667
307,298 306,560
CREDITORS
Amounts falling due within one year 6 76,565 59,211
NET CURRENT ASSETS 230,733 247,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,127

265,087

CREDITORS
Amounts falling due after more than one year 7 25,779 35,646
NET ASSETS 223,348 229,441

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 223,248 229,341
SHAREHOLDERS' FUNDS 223,348 229,441

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

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

CORNICHE (EDINBURGH) LIMITED (REGISTERED NUMBER: SC074990)

BALANCE SHEET - continued
31 May 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 18 February 2025 and were signed on its behalf by:





Miss N Grant - Director


CORNICHE (EDINBURGH) LIMITED (REGISTERED NUMBER: SC074990)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Corniche (Edinburgh) Limited is a private company, limited by shares , registered in Scotland. 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.

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.
Land and buildings - not provided
Plant and machinery etc - 33% on cost and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CORNICHE (EDINBURGH) LIMITED (REGISTERED NUMBER: SC074990)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 15,750 19,423 35,173
Additions - 950 950
At 31 May 2024 15,750 20,373 36,123
DEPRECIATION
At 1 June 2023 - 17,435 17,435
Charge for year - 294 294
At 31 May 2024 - 17,729 17,729
NET BOOK VALUE
At 31 May 2024 15,750 2,644 18,394
At 31 May 2023 15,750 1,988 17,738

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 3,191 3,470
Other debtors 33,649 40,815
36,840 44,285

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 3,336 -
Taxation and social security 31,124 20,228
Other creditors 42,105 38,983
76,565 59,211

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 25,779 35,646

CORNICHE (EDINBURGH) LIMITED (REGISTERED NUMBER: SC074990)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   

The bank overdraft is secured by a bond and floating charge over the assets of the company and by personal guarantees from N. Grant.