REGISTERED NUMBER: |
Cornelius & Davies Limited |
Unaudited Financial Statements |
for the Year Ended 30 November 2024 |
REGISTERED NUMBER: |
Cornelius & Davies Limited |
Unaudited Financial Statements |
for the Year Ended 30 November 2024 |
Cornelius & Davies Limited (Registered number: 00381177) |
Contents of the Financial Statements |
for the year ended 30 November 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Cornelius & Davies Limited |
Company Information |
for the year ended 30 November 2024 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
Cornelius & Davies Limited (Registered number: 00381177) |
Balance Sheet |
30 November 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investment property | 4 |
Current assets |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 6 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 7 |
Retained earnings | 8 |
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 |
Cornelius & Davies Limited (Registered number: 00381177) |
Notes to the Financial Statements |
for the year ended 30 November 2024 |
1. | Statutory information |
Cornelius & Davies Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts receivable for goods/services provided in the year and is stated net of VAT. |
Investment property |
Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Buildings are depreciated over 50 years which the Directors consider to be the buildings useful economic life. Land has not been depreciated in accordance with the Companies Act 2006. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Going concern |
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Investment property |
Total |
£ |
Fair value |
At 1 December 2023 |
and 30 November 2024 |
Depreciation |
At 1 December 2023 | 15,137 |
Charge for year | 15,136 |
At 30 November 2024 | 30,273 |
Net book value |
At 30 November 2024 |
At 30 November 2023 |
Cornelius & Davies Limited (Registered number: 00381177) |
Notes to the Financial Statements - continued |
for the year ended 30 November 2024 |
5. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
6. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1.00 | 14,000 | 14,000 |
8. | Reserves |
Retained |
earnings |
£ |
At 1 December 2023 |
Profit for the year |
Dividends | ( |
) |
At 30 November 2024 |
9. | Related party disclosures |
The Directors and their families loaned the company £890,433 to acquire the freehold property. This loan is unsecured, interest free and repayable on demand. At 30 November 2024 £913,000 was owed to the directors and their families.. |