Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-192023-09-01falsefalseProperty development22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08785197 2023-09-01 2024-08-31 08785197 2022-09-01 2023-08-31 08785197 2024-08-31 08785197 2023-08-31 08785197 c:Director2 2023-09-01 2024-08-31 08785197 d:CurrentFinancialInstruments 2024-08-31 08785197 d:CurrentFinancialInstruments 2023-08-31 08785197 d:Non-currentFinancialInstruments 2024-08-31 08785197 d:Non-currentFinancialInstruments 2023-08-31 08785197 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 08785197 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08785197 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 08785197 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 08785197 d:ShareCapital 2024-08-31 08785197 d:ShareCapital 2023-08-31 08785197 d:RetainedEarningsAccumulatedLosses 2024-08-31 08785197 d:RetainedEarningsAccumulatedLosses 2023-08-31 08785197 c:OrdinaryShareClass1 2023-09-01 2024-08-31 08785197 c:OrdinaryShareClass1 2024-08-31 08785197 c:FRS102 2023-09-01 2024-08-31 08785197 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08785197 c:FullAccounts 2023-09-01 2024-08-31 08785197 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08785197 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure



Company Registration No. 08785197 (England and Wales)







CORCORAN ESTATES (FULHAM) 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 (FULHAM) LIMITED
REGISTERED NUMBER:08785197

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
2,916,409
2,916,409

Debtors
 5 
1,953
673

Cash at bank and in hand
  
111,365
60,453

  
3,029,727
2,977,535

Creditors: amounts falling due within one year
 6 
(2,652,651)
(2,616,338)

Net current assets
  
 
 
377,076
 
 
361,197

Total assets less current liabilities
  
377,076
361,197

Creditors: amounts falling due after more than one year
 7 
(509,079)
(511,830)

  

Net liabilities
  
(132,003)
(150,633)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(132,103)
(150,733)

  
(132,003)
(150,633)


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 1

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

1.


General information

Corcoran Estates (Fulham) 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 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

Going concern

The financial statements have been drawn up on the basis that the company is a going concern. The validity of the going concern basis of accounting depends on the continuing support of its related undertaking, in meeting the company's working capital requirements. The related undertakings confirm that they continue to provide financial support to the company.

 
2.3

Turnover

Turnover represents rent receivable, excluding value added tax. 

 
2.4

Borrowing costs

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

 
2.5

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.

 
2.6

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.


3.


Employees



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

Page 2

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

4.


Stocks

2024
2023
£
£

Development properties
2,916,409
2,916,409


5.


Debtors

2024
2023
£
£


Other debtors
1,279
100

Prepayments
674
573

1,953
673



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans (secured)
2,828
2,598

Amounts owed to related undertakings
2,626,051
2,611,254

Corporation tax
5,442
2,486

Other creditors
14,538
-

Accruals
3,792
-

2,652,651
2,616,338


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


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans (secured)
509,079
511,830


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.

Page 3

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

8.


Share capital

2024
2023
£
£
Issued and fully paid



100 Ordinary shares of £1 each
100
100


 
Page 4