0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 105,238 18,843 124,081 124,081 105,238 xbrli:pure xbrli:shares iso4217:GBP 13636004 2023-10-01 2024-12-31 13636004 2024-12-31 13636004 2023-09-30 13636004 2022-10-01 2023-09-30 13636004 2023-09-30 13636004 2022-09-30 13636004 bus:LeadAgentIfApplicable 2023-10-01 2024-12-31 13636004 bus:Director1 2023-10-01 2024-12-31 13636004 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-01 2024-12-31 13636004 core:WithinOneYear 2024-12-31 13636004 core:WithinOneYear 2023-09-30 13636004 core:ShareCapital 2024-12-31 13636004 core:ShareCapital 2023-09-30 13636004 core:RetainedEarningsAccumulatedLosses 2024-12-31 13636004 core:RetainedEarningsAccumulatedLosses 2023-09-30 13636004 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-31 13636004 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 13636004 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 13636004 bus:SmallEntities 2023-10-01 2024-12-31 13636004 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-12-31 13636004 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-12-31 13636004 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-12-31 13636004 bus:FullAccounts 2023-10-01 2024-12-31
COMPANY REGISTRATION NUMBER: 13636004
Cornelius Property Solutions Limited
Filleted Unaudited Financial Statements
For the Period Ended
31 December 2024
Cornelius Property Solutions Limited
Financial Statements
Period from 1st October 2023 to 31st December 2024
Contents
Page
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements
1
Statement of Financial Position
2
Notes to the Financial Statements
4
Cornelius Property Solutions Limited
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Cornelius Property Solutions Limited
Period from 1st October 2023 to 31st December 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the period ended 31st December 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
PEYTON TYLER MEARS Chartered accountants
Middleborough House 16 Middleborough Colchester Essex CO1 1QT
27 February 2025
Cornelius Property Solutions Limited
Statement of Financial Position
31 December 2024
31 Dec 24
30 Sep 23
Note
£
£
£
Fixed Assets
Tangible assets
4
124,081
105,238
Current Assets
Cash at bank and in hand
30,056
22,630
Creditors: amounts falling due within one year
5
145,141
125,055
----------
----------
Net Current Liabilities
115,085
102,425
----------
----------
Total Assets Less Current Liabilities
8,996
2,813
-------
-------
Net Assets
8,996
2,813
-------
-------
Capital and Reserves
Called up share capital
1
1
Profit and loss account
8,995
2,812
-------
-------
Shareholders Funds
8,996
2,813
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31st December 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 members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Cornelius Property Solutions Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 27 February 2025 , and are signed on behalf of the board by:
Mr J Cornelius
Director
Company registration number: 13636004
Cornelius Property Solutions Limited
Notes to the Financial Statements
Period from 1st October 2023 to 31st December 2024
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Middleborough House, 16 Middleborough, Colchester, Essex, CO1 1QT, UK.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rent.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible Assets
Freehold property
£
Cost
At 1st October 2023
105,238
Additions
18,843
----------
At 31st December 2024
124,081
----------
Depreciation
At 1st October 2023 and 31st December 2024
----------
Carrying amount
At 31st December 2024
124,081
----------
At 30th September 2023
105,238
----------
5. Creditors: amounts falling due within one year
31 Dec 24
30 Sep 23
£
£
Corporation tax
1,451
455
Other creditors
143,690
124,600
----------
----------
145,141
125,055
----------
----------