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Registration number: 02620779

12 Cornwallis Crescent Management Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2025

12 Cornwallis Crescent Management Limited

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Statement of Comprehensive Income | 5
Balance Sheet | 6
Statement of Changes in Equity | 7
Notes to the Unaudited Financial Statements | 8 to 10
Detailed Profit and Loss Account | 11 to 12

12 Cornwallis Crescent Management Limited

Company Information

Directors | A St John Gifford DE Hume VA Potterton GP Strong JC Bartram

Company secretary | A St John Gifford

Registered office | 12 Cornwallis Crescent Clifton Bristol BS8 4PL

Accountants | Janet Essex Chartered Accountants Chartered Accountants Saville Court 11 Saville Place Clifton Bristol BS8 4EJ

12 Cornwallis Crescent Management Limited

Directors' Report for the Year Ended 30 June 2025

The directors present their report and the financial statements for the year ended 30 June 2025.

Directors of the company

The directors who held office during the year were as follows:

A St John Gifford - Company secretary and director

DE Hume

VA Potterton (appointed 11 November 2024)

GP Strong

JC Bartram (appointed 15 November 2024)

RN Edwards (ceased 8 November 2024)

Principal activity

The principal activity of the company is to manage and maintain the property 12 Cornwallis Crescent of which the company owns the freehold

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 7 October 2025 and signed on its behalf by:

......................................... A St John Gifford Company secretary and director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
12 Cornwallis Crescent Management Limited
for the Year Ended 30 June 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 12 Cornwallis Crescent Management Limited for the year ended 30 June 2025 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of 12 Cornwallis Crescent Management Limited, as a body, in accordance with the terms of our engagement letter dated 22 July 2019. Our work has been undertaken solely to prepare for your approval the accounts of 12 Cornwallis Crescent Management Limited and state those matters that we have agreed to state to the Board of Directors of 12 Cornwallis Crescent Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 12 Cornwallis Crescent Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that 12 Cornwallis Crescent Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of 12 Cornwallis Crescent Management Limited. You consider that 12 Cornwallis Crescent Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of 12 Cornwallis Crescent Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Janet Essex Chartered Accountants
Chartered Accountants
Saville Court
11 Saville Place
Clifton
Bristol
BS8 4EJ

7 October 2025

12 Cornwallis Crescent Management Limited

Profit and Loss Account for the Year Ended 30 June 2025

| Note | 2025 £ | 2024 £
Turnover |  | 6,600 | 5,824
Gross profit |  | 6,600 | 5,824
Administrative expenses |  | (7,364) | (7,341)
Other operating income |  | 300 | 300
Operating loss |  | (464) | (1,217)
Other interest receivable and similar income |  | 26 | 34
Loss before tax |  | (438) | (1,183)
Loss for the financial year |  | (438) | (1,183)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

12 Cornwallis Crescent Management Limited

Statement of Comprehensive Income for the Year Ended 30 June 2025

| 2025 £ | 2024 £
Loss for the year | (438) | (1,183)
Total comprehensive income for the year | (438) | (1,183)

12 Cornwallis Crescent Management Limited

(Registration number: 02620779)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 195 | 195
Current assets |  |  |
Cash at bank and in hand |  | 568 | 996
Creditors: Amounts falling due within one year | 5 | (350) | (340)
Net current assets |  | 218 | 656
Net assets |  | 413 | 851
Capital and reserves |  |  |
Retained earnings |  | 413 | 851
Shareholders' funds |  | 413 | 851

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 7 October 2025 and signed on its behalf by:

......................................... A St John Gifford Company secretary and director

12 Cornwallis Crescent Management Limited

Statement of Changes in Equity for the Year Ended 30 June 2025

| Retained earnings £ | Total £
At 1 July 2024 | 851 | 851
Loss for the year | (438) | (438)
At 30 June 2025 | 413 | 413

| Retained earnings £ | Total £
At 1 July 2023 | 2,034 | 2,034
Loss for the year | (1,183) | (1,183)
At 30 June 2024 | 851 | 851

12 Cornwallis Crescent Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in Wales.

The address of its registered office is:
12 Cornwallis Crescent
Clifton
Bristol
BS8 4PL

These financial statements were authorised for issue by the Board on 7 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

12 Cornwallis Crescent Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Asset class | Depreciation method and rate
Land | Straight line basis - 0%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4 | Tangible assets

| Land and buildings £ | Total £
Cost or valuation
At 1 July 2024 | 195 | 195
At 30 June 2025 | 195 | 195
Depreciation
Carrying amount
At 30 June 2025 | 195 | 195
At 30 June 2024 | 195 | 195

Included within the net book value of land and buildings above is £195 (2024 - £195) in respect of freehold land and buildings.

12 Cornwallis Crescent Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

5 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Other creditors | 350 | 340

6 | Share capital

12 Cornwallis Crescent Management Limited

Detailed Profit and Loss Account for the Year Ended 30 June 2025

| 2025 £ | 2024 £
turnover (analysed below) | 6,600 | 5,824
Gross profit (%) | 100% | 100%
Administrative expenses |  |
Establishment costs (analysed below) | (6,733) | (6,991)
General administrative expenses (analysed below) | (631) | (350)
| (7,364) | (7,341)
Other operating income (analysed below) | 300 | 300
Operating loss | (464) | (1,217)
Other interest receivable and similar income (analysed below) | 26 | 34
Loss before tax | (438) | (1,183)

12 Cornwallis Crescent Management Limited

Detailed Profit and Loss Account for the Year Ended 30 June 2025

| 2025 £ | 2024 £

Turnover |  |
Sale of goods, UK | 6,600 | 5,824

Establishment costs |  |
Light, heat and power | (270) | (19)
Insurance | (3,866) | (3,869)
Repairs and renewals | (2,597) | (3,103)
| (6,733) | (6,991)

General administrative expenses |  |
Accountancy fees | (550) | (350)
Legal and professional fees | (81) | -
| (631) | (350)

Other operating income |  |
Other operating income | 300 | 300

Other interest receivable and similar income |  |
Bank interest receivable | 26 | 34