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REGISTERED NUMBER: 07026631 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

The Corinium Rifle Range Ltd

The Corinium Rifle Range Ltd (Registered number: 07026631)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Corinium Rifle Range Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr P B Hill
Mrs S Hill





REGISTERED OFFICE: Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA





REGISTERED NUMBER: 07026631 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

The Corinium Rifle Range Ltd (Registered number: 07026631)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,349 30,810

CURRENT ASSETS
Stocks 5 52,500 47,500
Debtors 6 15,539 9,519
Cash at bank 1,940 848
69,979 57,867
CREDITORS
Amounts falling due within one year 7 80,179 66,459
NET CURRENT LIABILITIES (10,200 ) (8,592 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,149

22,218

CREDITORS
Amounts falling due after more than one
year

8

48,547

18,287
NET ASSETS 7,602 3,931

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 7,502 3,831
SHAREHOLDERS' FUNDS 7,602 3,931

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

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

The Corinium Rifle Range Ltd (Registered number: 07026631)

Balance Sheet - continued
31 October 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 25 February 2025 and were signed on its behalf by:





Mr P B Hill - Director


The Corinium Rifle Range Ltd (Registered number: 07026631)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

The Corinium Rifle Range Ltd is a private company, limited by shares , registered in England and Wales. 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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.

Going concern
The company continues to trade with the support of the directors who do not envisage any going concern issues.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

The Corinium Rifle Range Ltd (Registered number: 07026631)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023 - 75,889 4,001 79,890
Additions 50,093 6,859 873 57,825
At 31 October 2024 50,093 82,748 4,874 137,715
DEPRECIATION
At 1 November 2023 - 45,806 3,274 49,080
Charge for year 12,523 9,235 528 22,286
At 31 October 2024 12,523 55,041 3,802 71,366
NET BOOK VALUE
At 31 October 2024 37,570 27,707 1,072 66,349
At 31 October 2023 - 30,083 727 30,810

5. STOCKS
31.10.24 31.10.23
£    £   
Stocks 52,500 47,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 9,937 8,567
VAT 5,602 952
15,539 9,519

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Finance leases 6,125 -
Directors' current accounts 70,483 64,229
Accrued expenses 3,571 2,230
80,179 66,459

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years 2,778 2,778
Bank loans - 2-5 years 10,732 15,509
Finance leases 35,037 -
48,547 18,287

The Corinium Rifle Range Ltd (Registered number: 07026631)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 November 2023 3,831
Profit for the year 3,671
At 31 October 2024 7,502

11. RELATED PARTY DISCLOSURES

During the year a director, Mr P B Hill, made net deposits to his account of £22,114. The balance on his account at 31 October 2023 was £64,229 in credit (2022 - £42,115 ).

During the year Mr P B Hill received no dividends from the company (2022 - £2,000).

12. ULTIMATE CONTROLLING PARTY

Mr P B Hill is the ultimate controlling party by virtue of his holding all of the company's issued share capital.