CORETESE LTD

Company Registration Number:
11739463 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

CORETESE LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

CORETESE LTD

Company Information

for the Period Ended 31 March 2024




Director: R D Formentone
Ms M C Lagan-Formentone
Registered office: 3rd Floor, 86-90
Paul Street
London
England
EC2A 4NE
Company Registration Number: 11739463 (England and Wales)

CORETESE LTD

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 3,132 8,918
Total fixed assets: 3,132 8,918
Current assets
Debtors: 5 60,099
Cash at bank and in hand: 2,386 23,493
Total current assets: 2,386 83,592
Creditors: amounts falling due within one year: 6 ( 35,521 ) ( 58,075 )
Net current assets (liabilities): ( 33,135 ) 25,517
Total assets less current liabilities: ( 30,003 ) 34,435
Accruals and deferred income: ( 7,324 )
Total net assets (liabilities): ( 30,003 ) 27,111

The notes form part of these financial statements

CORETESE LTD

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 20,002 20,002
Profit and loss account: ( 50,005 ) 7,109
Shareholders funds: ( 30,003 ) 27,111

For the year ending 31 March 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 3 June 2025
And Signed On Behalf Of The Board By:

Name: R D Formentone
Status: Director

The notes form part of these financial statements

CORETESE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    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 have been prepared in accordance with the micro-entity provisions.

    Tangible fixed assets depreciation policy

    Computer Equipment @ 33% straight - 3 years
    Fixtures @ 20% straight - 5 years

CORETESE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

CORETESE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

CORETESE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible assets

Fixtures & fittings Office equipment Total
Cost £ £ £
At 01 April 2023 7,408 8,083 15,491
Additions - 0 0
Disposals ( 7,408 ) ( 2,969 ) ( 10,377 )
Revaluations - - -
Transfers - - -
At 31 March 2024 0 5,114 5,114
Depreciation
At 01 April 2023 6,296 277 6,573
Charge for year - 1,705 1,705
On disposals ( 6,296 ) - ( 6,296 )
Other adjustments - - -
At 31 March 2024 0 1,982 1,982
Net book value
At 31 March 2024 0 3,132 3,132
At 31 March 2023 1,112 7,806 8,918

CORETESE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors


2024
£

2023
£
Trade debtors 59,879
Other debtors 220
Total 60,099

CORETESE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 1,416 1,200
Taxation and social security 2,914 17,611
Other creditors 31,191 39,264
Total 35,521 58,075

CORETESE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

7.1. Loans to Directors

Name of director receiving advance or credit: Robin Formentone
Description of the transaction:
General advance, less Payroll net wages due not fully paid
Balance at 01 April 2023 ( 15,500 )
Advances or credits made: 52,508
Advances or credits repaid: 26,372
Balance at 31 March 2024 10,636

Name of director receiving advance or credit: Mary Catherine Lagan
Description of the transaction:
General advance, less Payroll net wages due not fully paid
Balance at 01 April 2023 ( 15,500 )
Advances or credits made: 33,900
Advances or credits repaid: 11,464
Balance at 31 March 2024 6,936