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Company No: 04923081 (England and Wales)

CORRINGATE PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

CORRINGATE PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

CORRINGATE PROPERTIES LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
CORRINGATE PROPERTIES LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
DIRECTORS Mrs D Penkett
Mr A E Penkett
SECRETARY Mrs G Sanchez
REGISTERED OFFICE Apartment 4 Lea Bank Hall
College Lane
Rawtenstall
Lancashire
United Kingdom
COMPANY NUMBER 04923081 (England and Wales)
CHARTERED ACCOUNTANTS PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
BB1 5QB
CORRINGATE PROPERTIES LIMITED

BALANCE SHEET

AS AT 31 MARCH 2025
CORRINGATE PROPERTIES LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2025
Note 2025 2024
£ £
Fixed assets
Investment property 3 606,103 606,103
606,103 606,103
Current assets
Debtors 4 0 1,456
Cash at bank and in hand 70,460 54,362
70,460 55,818
Creditors: amounts falling due within one year 5 ( 143,909) ( 141,360)
Net current liabilities (73,449) (85,542)
Total assets less current liabilities 532,654 520,561
Provision for liabilities ( 16,814) ( 16,646)
Net assets 515,840 503,915
Capital and reserves
Called-up share capital 6 6 6
Profit and loss account 515,834 503,909
Total shareholders' funds 515,840 503,915

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Corringate Properties Limited (registered number: 04923081) were approved and authorised for issue by the Board of Directors on 21 May 2025. They were signed on its behalf by:

Mr A E Penkett
Director
CORRINGATE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
CORRINGATE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Corringate Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Apartment 4 Lea Bank Hall, College Lane, Rawtenstall, Lancashire, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 April 2024 606,103
As at 31 March 2025 606,103

Valuation

The directors have determined the fair value of the investment property to be materially consistent with the value stated in the accounts. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2025 2024
£ £
Historic cost 543,560 543,460

4. Debtors

2025 2024
£ £
Trade debtors 0 1,402
Other debtors 0 54
0 1,456

5. Creditors: amounts falling due within one year

2025 2024
£ £
Taxation and social security 8,259 9,466
Other creditors 135,650 131,894
143,909 141,360

6. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
3,000 Ordinary shares of £ 0.002 each (2024: 6 shares of £ 1.00 each) 6 6