CORJON PROPERTIES LTD

Company Registration Number:
04830113 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

CORJON PROPERTIES LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

CORJON PROPERTIES LTD

Company Information

for the Period Ended 31 July 2024




Director: Neil Alan Taylor
Kan Yuet Heng Evelyn
Secretary: Corinne Taylor Lai Tse Huei
Registered office: Lionswood
Lions Green
Dern Lane
Heathfield
England
TN21 0PL
Company Registration Number: 04830113 (England and Wales)

CORJON PROPERTIES LTD

Directors' Report Period Ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal Activities

Owning residential Property and shareholdings in companies that own residential property .

Political and charitable donations

No political donations . The Company donated during the period 5,000 to a charity Friends of Waldron Church Sussex .

Additional information

While profitability reduced this year , we are confident of improved rental collections which despite costs incurred refurbishing houses will allow increased profits to July 2025 .

Directors

The directors shown below have held office during the whole of the period from 01 August 2023 to 31 July 2024
Neil Alan Taylor
Kan Yuet Heng Evelyn

Secretary
Corinne Taylor Lai Tse Huei

This report was approved by the board of directors on 14 April 2025
And Signed On Behalf Of The Board By:

Name: Neil Alan Taylor
Status: Director

CORJON PROPERTIES LTD

Profit and Loss Account

for the Period Ended 31 July 2024


Notes

2024
£

2023
£
Turnover 146,142 138,581
Cost of sales ( 35,800 ) ( 32,885 )
Gross Profit or (Loss) 110,342 105,696
Administrative Expenses ( 18,221 ) ( 18,645 )
Operating Profit or (Loss) 92,121 87,051
Interest Payable and Similar Charges ( 64,407 ) ( 53,422 )
Profit or (Loss) Before Tax 27,714 33,629
Tax on Profit ( 5,265 ) ( 6,390 )
Profit or (Loss) for Period 22,449 27,239

The notes form part of these financial statements

CORJON PROPERTIES LTD

Balance sheet

As at 31 July 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 2,043,156 2,047,671
Total fixed assets: 2,043,156 2,047,671
Current assets
Debtors: 5 160,835
Cash at bank and in hand: 9,752 27,739
Total current assets: 170,587 27,739
Creditors: amounts falling due within one year: 6 ( 161,585 ) ( 749,308 )
Net current assets (liabilities): 9,002 ( 721,569 )
Total assets less current liabilities: 2,052,158 1,326,102
Creditors: amounts falling due after more than one year: 7 ( 1,427,380 ) ( 723,773 )
Total net assets (liabilities): 624,778 602,329

The notes form part of these financial statements

CORJON PROPERTIES LTD

Balance sheet continued

As at 31 July 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 614,778 592,329
Shareholders funds: 624,778 602,329

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 14 April 2025
And Signed On Behalf Of The Board By:

Name: Neil Alan Taylor
Status: Director

The notes form part of these financial statements

CORJON PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Rent received .

CORJON PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

CORJON PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 3. Off balance sheet disclosure

    No

CORJON PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 August 2023 2,047,671 2,047,671
Additions - -
Disposals ( 4,515 ) ( 4,515 )
Revaluations - -
Transfers - -
At 31 July 2024 2,043,156 2,043,156
Depreciation
At 01 August 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 31 July 2024 - -
Net book value
At 31 July 2024 2,043,156 2,043,156
At 31 July 2023 2,047,671 2,047,671

The value of Property Partner shareholdings fell during the period.

CORJON PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Debtors


2024
£

2023
£
Other debtors 160,835
Total 160,835

Loan to a Director , repaid since year end .

CORJON PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 161,585 749,308
Total 161,585 749,308

Lloyds loan due June 25.

CORJON PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 910,901 161,593
Other creditors 516,479 562,180
Total 1,427,380 723,773

Shareholder loans A & B are interest free with no fixed repayment . B loans can only be repaid with 66% shareholder support .

CORJON PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

8.1. Loans to Directors

Name of director receiving advance or credit: Kan Yuet Heng Evelyn
Description of the transaction:
Bank loans were refinanced and pending maturity of Lloyds Facility . This will be repaid in full to Corjon Properties Ltd and Lloyds before next year end .
Balance at 01 August 2023 0
Advances or credits made: 161,585
Balance at 31 July 2024 161,585