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Company Registration No. 07935448 (England and Wales)





CORCORAN ESTATES (PUTNEY) LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 AUGUST 2024




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
CORCORAN ESTATES (PUTNEY) LIMITED
REGISTERED NUMBER:07935448

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
4,600,000
4,600,000

  
4,600,000
4,600,000

Current assets
  

Debtors
 5 
725,586
730,498

Cash at bank and in hand
  
121,561
103,353

  
847,147
833,851

Creditors: amounts falling due within one year
 6 
(3,774,316)
(3,770,146)

Net current liabilities
  
 
 
(2,927,169)
 
 
(2,936,295)

Total assets less current liabilities
  
1,672,831
1,663,705

Creditors: amounts falling due after more than one year
 7 
(848,303)
(854,311)

Net assets
  
824,528
809,394


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
824,428
809,294

  
824,528
809,394


Page 1

 
CORCORAN ESTATES (PUTNEY) LIMITED
REGISTERED NUMBER:07935448
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 May 2025.


___________________________
Sean Corcoran
Director

Page 2

 
CORCORAN ESTATES (PUTNEY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


Company information

Corcoran Estates (Putney) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 40 Chamberlayne Road, London NW10 3JE. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and investment properties and certain financial instruments at fair value, unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company.

The following principal accounting policies have been applied:

  
2.2

Turnover

Turnover represents rent receivable excluding value added tax.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

 
2.6

Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.


3.


Employees


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 
CORCORAN ESTATES (PUTNEY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 September 2023
4,600,000



At 31 August 2024
4,600,000

The directors consider that the carying amounts of the investment properties approximate to their fair value at the year end. 



5.


Debtors

2024
2023
£
£

Amounts owed by related undertakings
724,348
729,483

Prepayments
1,238
1,015

725,586
730,498


The amounts owed by related undertakings are interest free, unsecured and repayable on demand.

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans (secured)
6,495
9,030

Amounts owed to related undertakings
3,568,462
3,548,186

Corporation tax
4,208
14,623

Other creditors
193,351
194,707

Accruals
1,800
3,600

3,774,316
3,770,146


The amounts owed to related undertakings are interest free, unsecured and repayable on demand.

Page 4

 
CORCORAN ESTATES (PUTNEY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans (secured)
848,303
854,311


The bank loan is repayable on a monthly basis with capital and interest and secured by a fixed and floating charge on the assets of the company.


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100  Ordinary shares of £1 each
100
100



9.


Post Balance sheet events

There were no events since the year end which materially affected the company.

 
Page 5