REGISTERED NUMBER: |
Cordner Lewis Limited |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
REGISTERED NUMBER: |
Cordner Lewis Limited |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
Cordner Lewis Limited (Registered number: 08050038) |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Cordner Lewis Limited |
Company Information |
for the Year Ended 31 March 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
7 Neptune Court |
Vanguard Way |
Cardiff |
CF24 5PJ |
Cordner Lewis Limited (Registered number: 08050038) |
Balance Sheet |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ |
Fixed assets |
Intangible assets | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
Net liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
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 financial statements were approved by the Board of Directors and authorised for issue on |
Cordner Lewis Limited (Registered number: 08050038) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | Statutory information |
Cordner Lewis Limited 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 |
Goodwill |
Goodwill is the difference between the fair value of the consideration paid for an acquired entity and the aggregate of the fair value of that entity's identifiable assets and liabilities. The goodwill arose from the acquisition of the business, assets and liabilities of Cordner Lewis Solicitors. |
The Goodwill is being amortised over the period of up to 6 years in proportion to the underlying contracts purchased as part of the transaction. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Going concern |
As at 31 March 2023 the company is reporting a shareholders deficit of (£1,808,442). |
Included within creditors due after more than one year is £2,221,833 (2021: £2,292,646 ) due to the company directors.Through discussions with directors, the directors have confirmed that the above amounts will not be sought for repayment until such time as the company has sufficient reserves to do so. |
The directors are confident that the company has sufficient funds to meet all other current liabilities. |
Once final settlement has been received and agreed for the underlying contracts purchased as part of the business and following settlement of the remaining assets and liabilities, it is the intention of the directors to strike off the company.Accordingly the directors have not prepared the financial statements on a going concern basis. No adjustments were necessary to the amounts at which the remaining net assets are included in these financial statement. |
3. | Employees and directors |
The average number of employees during the year was NIL (2023 - NIL). |
4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1 April 2023 |
and 31 March 2024 |
Amortisation |
At 1 April 2023 |
Amortisation for year |
At 31 March 2024 |
Net book value |
At 31 March 2024 |
At 31 March 2023 |
Cordner Lewis Limited (Registered number: 08050038) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
5. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
6. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
VAT | - | 40,499 |
Accrued expenses |
7. | Creditors: amounts falling due after more than one year |
2024 | 2023 |
£ | £ |
Directors' loan accounts | 2,221,833 | 2,292,646 |
8. | Directors' advances, credits and guarantees |
The following advances and credits to directors subsisted during the year ended 31 March 2024 and the period ended 31 March 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |