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Company Registration No. 15019901 (England and Wales)
Core Assets (gateshead) Ltd Unaudited accounts for the period from 21 July 2023 to 31 July 2024
Core Assets (gateshead) Ltd Unaudited accounts Contents
Page
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Core Assets (gateshead) Ltd Company Information for the period from 21 July 2023 to 31 July 2024
Director
David Thompson
Company Number
15019901 (England and Wales)
Registered Office
51 Coldwell Park Drive Gateshead Tyne and Wear NE10 9BY England
Accountants
Scott Accountancy Services 119 Lanchester Avenue Gateshead Tyne & Wear NE9 7AN
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Core Assets (gateshead) Ltd Statement of financial position as at 31 July 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
553,000 
Current assets
Cash at bank and in hand
19,699 
Creditors: amounts falling due within one year
(4,430)
Net current assets
15,269 
Total assets less current liabilities
568,269 
Creditors: amounts falling due after more than one year
(554,100)
Net assets
14,169 
Capital and reserves
Share premium
1 
Profit and loss account
14,168 
Shareholders' funds
14,169 
For the period ending 31 July 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 22 May 2025 and were signed on its behalf by
David Thompson Director Company Registration No. 15019901
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Core Assets (gateshead) Ltd Notes to the Accounts for the period from 21 July 2023 to 31 July 2024
1
Statutory information
Core Assets (gateshead) Ltd is a private company, limited by shares, registered in England and Wales, registration number 15019901. The registered office is 51 Coldwell Park Drive, Gateshead, Tyne and Wear, NE10 9BY, 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 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
Revaluation Basis
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
33.33% Straight Line
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 21 July 2023
- 
Additions
553,000 
At 31 July 2024
553,000 
Depreciation
At 31 July 2024
- 
Net book value
At 31 July 2024
553,000 
5
Creditors: amounts falling due within one year
2024 
£ 
Taxes and social security
3,205 
Accruals
1,225 
4,430 
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Core Assets (gateshead) Ltd Notes to the Accounts for the period from 21 July 2023 to 31 July 2024
6
Creditors: amounts falling due after more than one year
2024 
£ 
Other creditors
373,000 
Loans from directors
181,100 
554,100 
7
Average number of employees
During the period the average number of employees was 0.
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