REGISTERED NUMBER: 00329792 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Corrington Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J A Pudney

Mrs C Creagh Chapman

SECRETARY:

Mrs J A Pudney

REGISTERED OFFICE:

Beechcroft Barn

Upton Lovell

Warminster

Wiltshire

BA12 0JW

REGISTERED NUMBER:

00329792 (England and Wales)

ACCOUNTANTS:

Beechcroft Accountancy Services

Beechcroft Barn

Upton Lovell

Warminster

Wiltshire

BA12 0JW

FIXED ASSETS

Tangible assets

4

1

1

Investment property

5

10,995,000

10,071,000

10,995,001

10,071,001

CURRENT ASSETS

Debtors

6

74,068

76,440

Cash at bank

881,186

926,353

955,254

1,002,793

CREDITORS

Amounts falling due within one year

7

100,473

89,610

NET CURRENT ASSETS

854,781

913,183

TOTAL ASSETS LESS CURRENT LIABILITIES

11,849,782

10,984,184

PROVISIONS FOR LIABILITIES

1,553,920

1,322,920

NET ASSETS

10,295,862

9,661,264

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

4,216

4,216

Non distributable reserve

8,334,520

7,641,520

Retained earnings

1,957,026

2,015,428

SHAREHOLDERS' FUNDS

10,295,862

9,661,264

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

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

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:

Mrs C Creagh Chapman - Director

1.	STATUTORY INFORMATION

Corrington Estates 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.

The financial statements have been prepared on a going concern basis.

Turnover

Turnover by the Company represents net rents receivable from Investment Properties

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on cost

Tangible fixed assets are stated at cost or valuation less depreciation.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee succession trust

In accordance with FRS 102 the company does not include the assets and liabilities of the Trust on its balance sheet to the extent that it considers that it will not retain any economic benefit from the assets of the Trust and will not have control of the rights or other access to those present economic benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

2,806

DEPRECIATION

At 1 January 2024

and 31 December 2024

2,805

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

10,071,000

Revaluations

924,000

At 31 December 2024

10,995,000

NET BOOK VALUE

At 31 December 2024

10,995,000

At 31 December 2023

10,071,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

10,995,000

If Investment Property had not been revalued they would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

1,265,549

1,265,549

Aggregate depreciation

(457,190

)

(431,879

)

Investment Property was valued on a fair value basis on 31 December 2024 by J.C.Roe, ICIOB FNAEA MA .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

60,318

62,176

Other debtors

13,750

14,264

74,068

76,440

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

-

1

Taxation and social security

80,840

71,167

Other creditors

19,633

18,442

100,473

89,610

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the Trustees of the Corrington Estates Limited Employee Succession Trust.