Company Registration No. 08384120 (England and Wales)
CORNERSTONE COMMERCIAL LTD
Unaudited accounts
for the year ended 30 September 2024
CORNERSTONE COMMERCIAL LTD
Unaudited accounts
Contents
CORNERSTONE COMMERCIAL LTD
Company Information
for the year ended 30 September 2024
Director
PIERS JONATHON MARKS
Company Number
08384120 (England and Wales)
Registered Office
UNIT G, STATION ROAD INDUSTRIAL ESTATE,
WOODCHESTER
STROUD
GLOUCESTERSHIRE
GL5 5EQ
ENGLAND
Accountants
Emchajo Limited
10 Bownham Mead
Rodborough Common
Stroud
GLOUCESTERSHIRE
GL5 5DZ
CORNERSTONE COMMERCIAL LTD
Statement of financial position
as at 30 September 2024
Tangible assets
2,700,000
1,570,805
Cash at bank and in hand
135,735
16,503
Creditors: amounts falling due within one year
(148,285)
(145,945)
Net current assets/(liabilities)
81,168
(120,450)
Total assets less current liabilities
2,781,168
1,450,355
Creditors: amounts falling due after more than one year
(1,196,918)
(1,050,355)
Net assets
1,584,250
400,000
Called up share capital
1
1
Revaluation reserve
1,449,195
320,000
Profit and loss account
135,054
79,999
Shareholders' funds
1,584,250
400,000
For the year ending 30 September 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 May 2025 and were signed on its behalf by
PIERS JONATHON MARKS
Director
Company Registration No. 08384120
CORNERSTONE COMMERCIAL LTD
Notes to the Accounts
for the year ended 30 September 2024
CORNERSTONE COMMERCIAL LTD is a private company, limited by shares, registered in England and Wales, registration number 08384120. The registered office is UNIT G, STATION ROAD INDUSTRIAL ESTATE, , WOODCHESTER, STROUD, GLOUCESTERSHIRE, GL5 5EQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
Cost or valuation
At valuation
At 1 October 2023
1,570,805
At 30 September 2024
2,700,000
At 30 September 2024
2,700,000
At 30 September 2023
1,570,805
Amounts falling due within one year
Trade debtors
11,652
8,992
CORNERSTONE COMMERCIAL LTD
Notes to the Accounts
for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
48,800
30,651
Trade creditors
9,213
3,061
Taxes and social security
17,299
20,168
Loans from directors
46,150
70,650
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
963,230
758,730
Other creditors
233,688
291,625
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).