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REGISTERED NUMBER: 11737085 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st December 2024

for

Corbbs Limited

Corbbs Limited (Registered number: 11737085)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company information 1

Abridged statement of financial position 2

Notes to the financial statements 4


Corbbs Limited

Company Information
for the Year Ended 31st December 2024







Director: J V Corbett





Registered office: Abacus House
14-18 Forest Road
Loughton
Essex
IG10 1DX





Registered number: 11737085 (England and Wales)





Accountants: Cooper Paul
Abacus House
14-18 Forest Road
Loughton
Essex
IG10 1DX

Corbbs Limited (Registered number: 11737085)

Abridged Statement of Financial Position
31st December 2024

2024 2023
Notes £    £   
Fixed assets
Investment property 4 135,000 150,000

Current assets
Cash at bank 94 1,143

Creditors
Amounts falling due within one year (47,053 ) (47,284 )
Net current liabilities (46,959 ) (46,141 )
Total assets less current liabilities 88,041 103,859

Creditors
Amounts falling due after more than one
year

5

(102,050

)

(102,245

)
Net (liabilities)/assets (14,009 ) 1,614

Capital and reserves
Called up share capital 1 1
Fair value reserve 6 (988 ) 11,775
Retained earnings (13,022 ) (10,162 )
Shareholders' funds (14,009 ) 1,614

Corbbs Limited (Registered number: 11737085)

Abridged Statement of Financial Position - continued
31st December 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income statement and an abridged Statement of financial position for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8th August 2025 and were signed by:





J V Corbett - Director


Corbbs Limited (Registered number: 11737085)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. Statutory information

Corbbs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Investment property
Total
£   
Fair value
At 1st January 2024 150,000
Revaluations (15,000 )
At 31st December 2024 135,000
Net book value
At 31st December 2024 135,000
At 31st December 2023 150,000

Corbbs Limited (Registered number: 11737085)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

4. Investment property - continued

Fair value at 31st December 2024 is represented by:
£   
Valuation in 2019 138,225
Valuation in 2020 1,775
Valuation in 2021 5,000
Valuation in 2022 5,000
Valuation in 2024 (15,000 )
135,000

5. Creditors: amounts falling due after more than five years
2024 2023
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 102,050 102,245

6. Reserves
Fair
value
reserve
£   
At 1st January 2024 11,775
Fair value reserve (15,000 )
Deferred taxation charge 2,237

At 31st December 2024 (988 )

7. Going concern

The accounts have been prepared on a going concern basis despite the deficiency disclosed in the balance sheet, and in anticipation of the continued financial support of the company's creditors.