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CORDON TECHNOLOGIES LTD

Registered Number
15001795
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2024

CORDON TECHNOLOGIES LTD
Company Information
for the period from 13 July 2023 to 31 December 2024

Directors

BRBORA, Annelise Nelson
HUTCHINSON, Jamie Peter
KEEN, Dominic John
WOESS, Nina Maria

Company Secretary

HUTCHINSON, Jamie Peter

Registered Address

71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

Registered Number

15001795 (England and Wales)
CORDON TECHNOLOGIES LTD
Balance Sheet as at
31 December 2024

Notes

2024

£

£

Fixed assets
Tangible assets35,779
5,779
Current assets
Debtors4126,376
Cash at bank and on hand436,027
562,403
Creditors amounts falling due within one year5(17,975)
Net current assets (liabilities)544,428
Total assets less current liabilities550,207
Net assets550,207
Capital and reserves
Called up share capital2
Share premium882,750
Profit and loss account(332,545)
Shareholders' funds550,207
The financial statements were approved and authorised for issue by the Board of Directors on 27 March 2025, and are signed on its behalf by:
HUTCHINSON, Jamie Peter
Director
Registered Company No. 15001795
CORDON TECHNOLOGIES LTD
Notes to the Financial Statements
for the period ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Defined contribution pension plan
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Government grants or assistance
Grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability. During the financial period, the Company received grant income totalling £81,819. This amount has been recognised as Other Operating Income in the Statement of Profit and Loss and the recognition aligns with the accruals concept, reflecting the period in which the related costs were incurred.
2.Average number of employees

2024
Average number of employees during the year5
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions7,3237,323
At 31 December 247,3237,323
Depreciation and impairment
Charge for year1,5441,544
At 31 December 241,5441,544
Net book value
At 31 December 245,7795,779
At 12 July 23--
4.Debtors: amounts due within one year

2024

£
Other debtors77,012
Prepayments and accrued income49,364
Total126,376
At the end of the reporting period, a loan of £76 was owed to the company by the director, Jamie Hutchinson. This loan was repaid in full on 28 March 2025.
5.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables68
Taxation and social security12,428
Accrued liabilities and deferred income5,479
Total17,975
6.Operating lease commitments
At 31 December 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £80,660.