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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
Page
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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
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CORNERSTONE COMMERCIAL LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,700,000 
1,570,805 
Current assets
Debtors
93,718 
8,992 
Cash at bank and in hand
135,735 
16,503 
229,453 
25,495 
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 
Capital and reserves
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
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CORNERSTONE COMMERCIAL LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
0
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At valuation 
At 1 October 2023
1,570,805 
Revaluations
1,129,195 
At 30 September 2024
2,700,000 
Depreciation
At 30 September 2024
- 
Net book value
At 30 September 2024
2,700,000 
At 30 September 2023
1,570,805 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,652 
8,992 
Other debtors
82,066 
- 
93,718 
8,992 
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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 
VAT
23,978 
2,562 
Trade creditors
9,213 
3,061 
Taxes and social security
17,299 
20,168 
Other creditors
- 
7,728 
Loans from directors
46,150 
70,650 
Accruals
2,845 
11,125 
148,285 
145,945 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
963,230 
758,730 
Other creditors
233,688 
291,625 
1,196,918 
1,050,355 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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