Registered number
11411065
CORINTHIAN DEVELOPMENTS EAST ANGLIA LTD
Filleted Accounts
30 June 2024
CORINTHIAN DEVELOPMENTS EAST ANGLIA LTD
Registered number: 11411065
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 644,868 644,868
Current assets
Cash at bank and in hand 26,471 31,942
Creditors: amounts falling due within one year 4 (280,285) (275,819)
Net current liabilities (253,814) (243,877)
Total assets less current liabilities 391,054 400,991
Creditors: amounts falling due after more than one year 5 (397,600) (397,600)
Net (liabilities)/assets (6,546) 3,391
Capital and reserves
Called up share capital 2 2
Non distributable reserve 27,045 27,045
Profit and loss account (33,593) (23,656)
Shareholders' funds (6,546) 3,391
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms H Sallows
Director
Approved by the board on 14 May 2025
CORINTHIAN DEVELOPMENTS EAST ANGLIA LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investment properties are included in the statement of financial position at their open market value in accordance with the FRS 102- Section 1A and are not depreciated. The investment properties held by the company are periodically valued by the directors on an open market, existing use basis. The directors then assesses whether the valuation is reasonable or requires amending at each year end.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investment Property
Other
investments
£
Cost
At 1 July 2023 644,868
At 30 June 2024 644,868
The 2023 valuations were made by the directors, on an open market value for existing use basis.
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 280,285 275,819
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 397,600 397,600
6 Related party transactions
There are the following balances due at the year end Ms H Sallows £29899 Mr M Howard £249646 and Howard Holdings (Anglia) Ltd £0. There are the following balances due at the previous year end of Ms H Sallows £29899 and Mr M Howard £10999 and Howard Holdings (Anglia) Ltd £232998
7 Other information
CORINTHIAN DEVELOPMENTS EAST ANGLIA LTD is a private company limited by shares and incorporated in England. Its registered office is:
159 Princes Street
Ipswich
IP1 1QJ
CORINTHIAN DEVELOPMENTS EAST ANGLIA LTD 11411065 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts April 2025 Ms H Sallows No description of principal activity 11411065 2022-07-01 2023-06-30 11411065 core:WithinOneYear 2023-06-30 11411065 core:AfterOneYear 2023-06-30 11411065 core:ShareCapital 2023-06-30 11411065 core:OtherReservesSubtotal 2023-06-30 11411065 core:RetainedEarningsAccumulatedLosses 2023-06-30 11411065 2023-07-01 2024-06-30 11411065 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11411065 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11411065 bus:Director40 2023-07-01 2024-06-30 11411065 1 2023-07-01 2024-06-30 11411065 2 2023-07-01 2024-06-30 11411065 countries:England 2023-07-01 2024-06-30 11411065 bus:FRS102 2023-07-01 2024-06-30 11411065 bus:FilletedAccounts 2023-07-01 2024-06-30 11411065 2024-06-30 11411065 core:WithinOneYear 2024-06-30 11411065 core:AfterOneYear 2024-06-30 11411065 core:ShareCapital 2024-06-30 11411065 core:OtherReservesSubtotal 2024-06-30 11411065 core:RetainedEarningsAccumulatedLosses 2024-06-30 11411065 2023-06-30 iso4217:GBP xbrli:pure