REGISTERED NUMBER: 01409904 (England and Wales)

Financial Statements for the Year Ended 31st December 2024

for

Cornwallis Lloyd Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R.A.P Stickland

SECRETARY:

A. S. Prasse

REGISTERED OFFICE:

19-22 The Paragon

Ramsgate

Kent

CT11 9JX

REGISTERED NUMBER:

01409904 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Tangible assets

4

1,285

2,482

CURRENT ASSETS

Stocks

11,215

8,702

Debtors

5

353,289

362,509

Cash at bank and in hand

1,597

7,492

366,101

378,703

CREDITORS

Amounts falling due within one year

6

2,856,457

2,835,101

NET CURRENT LIABILITIES

(2,490,356

)

(2,456,398

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,489,071

)

(2,453,916

)

CREDITORS

Amounts falling due after more than one year

7

8,376

18,275

NET LIABILITIES

(2,497,447

)

(2,472,191

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(2,497,449

)

(2,472,193

)

SHAREHOLDERS' FUNDS

(2,497,447

)

(2,472,191

)

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.

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 26th September 2025 and were signed by:

R.A.P Stickland - Director

1.	STATUTORY INFORMATION

Cornwallis Lloyd 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.

Turnover

Turnover is the total amount receivable by the company for goods supplied and services provided, excluding Value Added Tax and trade discounts.

Tangible fixed assets

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

Land and buildings

-

over the period of the lease

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

Payments in respect of other post-retirement benefits are charged to profit or loss in the period to which they relate.

Going concern

The financial statements have been prepared on the going concern basis in view of the fact that the company's major creditor, Churchill House school of English Language Limited, the company's holding company, has subordinated its loan to rank after the unsecured creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2024

and 31st December 2024

387,679

181,292

568,971

DEPRECIATION

At 1st January 2024

387,679

178,810

566,489

Charge for year

-

1,197

1,197

At 31st December 2024

387,679

180,007

567,686

NET BOOK VALUE

At 31st December 2024

-

1,285

1,285

At 31st December 2023

-

2,482

2,482

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

286

286

Other debtors and prepayments

353,003

362,223

353,289

362,509

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

24,274

25,239

Trade creditors

19,840

11,888

Amounts owed to group undertakings

2,651,234

2,661,960

Taxation and social security

13,206

14,335

Other creditors and accruals

147,903

121,679

2,856,457

2,835,101

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

8,376

18,275

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

15,941

16,906

The overdraft facility with HSBC Bank is secured by fixed and floating charges over the company's assets.

9.	RELATED PARTY DISCLOSURES

During the year loans existed to the company from Churchill House School of English Language Limited. No interest was charged during the year (31st December 2023: £Nil). The balance owed to Churchill House School of English language Limited at 31st December 2024 was £2,651,234 (31st December 2023: £2,661,960).

No amounts were written off in the year.