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REGISTERED NUMBER: 06431899 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Cornerstone Property Group Ltd

Cornerstone Property Group Ltd (Registered number: 06431899)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Cornerstone Property Group Ltd

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | M N Carr

| D H Ward

| REGISTERED OFFICE: | Carlton House

| High Street

| Higham Ferrers

| Northamptonshire

| NN10 8BW

| REGISTERED NUMBER: | 06431899 (England and Wales)

| ACCOUNTANTS: | Willsons

| Chartered Accountants

| Carlton House

| High Street

| Higham Ferrers

| Northamptonshire

| NN10 8BW

Cornerstone Property Group Ltd (Registered number: 06431899)

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 39,343 |  | 52,458 |  |

Investments | 5 | 3 |  | 3 |  |

Investment property | 6 | 815,000 |  | 1,135,000 |  |

854,346 |  | 1,187,461 |  |

CURRENT ASSETS

Debtors | 7 | 444,261 |  | 410,118 |  |

Cash at bank | 109,354 |  | 50,046 |  |

553,615 |  | 460,164 |  |

CREDITORS

Amounts falling due within one year | 8 | 319,075 |  | 317,883 |  |

NET CURRENT ASSETS | 234,540 |  | 142,281 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,088,886 |  | 1,329,742 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (371,570 | ) | (527,483 | ) |

PROVISIONS FOR LIABILITIES | (39,002 | ) | (53,603 | ) |

NET ASSETS | 678,314 |  | 748,656 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 8 |  | 6 |  |

Non-distributable reserve | 12 | 249,540 |  | 346,355 |  |

Retained earnings | 12 | 428,766 |  | 402,295 |  |

SHAREHOLDERS' FUNDS | 678,314 |  | 748,656 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Cornerstone Property Group Ltd (Registered number: 06431899)

Balance Sheet - continued

31 March 2025

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 29 September 2025 and were signed on its behalf by:

M N Carr - Director

Cornerstone Property Group Ltd (Registered number: 06431899)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Cornerstone Property Group Ltd 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.

| Preparation of consolidated financial statements

| The financial statements contain information about Cornerstone Property Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover represents the rental income due to the company for the period.

| Tangible fixed assets

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

| Motor vehicles | - | 25% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Investment property

| The Investment property is shown at fair value as valued by the directors at the balance sheet date. Any change in fair value is shown within the profit and loss account.

| 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.

Cornerstone Property Group Ltd (Registered number: 06431899)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| The deferred tax liability on the balance sheet reflects the potential tax liability on the disposal of the investment properties at their fair value.

| 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.

| Debtors and creditors receivable and payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Motor

| vehicles

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 72,985 |  |

| DEPRECIATION

| At 1 April 2024 | 20,527 |  |

| Charge for year | 13,115 |  |

| At 31 March 2025 | 33,642 |  |

| NET BOOK VALUE

| At 31 March 2025 | 39,343 |  |

| At 31 March 2024 | 52,458 |  |

Cornerstone Property Group Ltd (Registered number: 06431899)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 3 |  |

| NET BOOK VALUE

| At 31 March 2025 | 3 |  |

| At 31 March 2024 | 3 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 1,135,000 |  |

| Disposals | (320,000 | ) |

| At 31 March 2025 | 815,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 815,000 |  |

| At 31 March 2024 | 1,135,000 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2013 | 1,063,000 |  |

| Valuation in 2014 | 259,000 |  |

| Valuation in 2015 | 79,000 |  |

| Valuation in 2016 | 75,000 |  |

| Valuation in 2017 | (196,000 | ) |

| Valuation in 2018 | 80,000 |  |

| Valuation in 2021 | 260,000 |  |

| Valuation in 2023 | (216,000 | ) |

| Valuation in 2024 | (269,000 | ) |

| Valuation in 2025 | (320,000 | ) |

815,000 |  |

| If the investment property had not been revalued it would have been included at the following historical cost:

| 31.3.25 |  | 31.3.24

£ | £ |

| Cost | 521,460 |  | 730,043 |  |

| The investment property was valued on an open market basis on 31 March 2025 by the directors .

Cornerstone Property Group Ltd (Registered number: 06431899)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 830 |  | 990 |  |

| Amounts owed by group undertakings | 7,716 |  | 12,702 |  |

| Other debtors | 430,008 |  | 390,006 |  |

| Tax | 1,587 |  | - |  |

| Prepayments | 4,120 |  | 6,270 |  |

| Payments on account | - |  | 150 |  |

444,261 |  | 410,118 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 5,851 |  | 5,465 |  |

| Trade creditors | 70 |  | 160 |  |

| Amounts owed to group undertakings | 661 |  | 661 |  |

| Corporation Tax | - |  | 1,586 |  |

| Other creditors | 2,000 |  | - |  |

| Directors' current accounts | 307,290 |  | 307,938 |  |

| Accrued expenses | 3,203 |  | 2,073 |  |

319,075 |  | 317,883 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans - 2-5 years | 371,570 |  | 527,483 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 377,421 |  | 532,948 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 6 | Ordinary | £1 | 8 |  | 6 |  |

Cornerstone Property Group Ltd (Registered number: 06431899)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

12. | RESERVES

| Retained |  | Non-distributable |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 April 2024 | 402,295 |  | 346,355 |  | 748,650 |  |

| Deficit for the year | (70,344 | ) | - |  | (70,344 | ) |

| Investment properties | 96,815 |  | (96,815 | ) | - |  |

| At 31 March 2025 | 428,766 |  | 249,540 |  | 678,306 |  |

| The Non-distributable reserve reflects the fair value movements in investment properties, as adjusted for the deferred tax effect. The reserve is not available for distribution as dividends.

13. | RELATED PARTY DISCLOSURES

| At the balance sheet date, the company was owed £430,000 (2024 £390,000) by a company controlled by M N Carr and D H Ward. At the balance sheet date, the company owed £2,000 (2024 £0) to a company controlled by M N Carr and D H Ward. No interest has been charged on any of the above loans.

14. | ULTIMATE CONTROLLING PARTY

| The company was controlled by M N Carr and D H Ward at the balance sheet date.