For the financial year ended 23 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Corkwood Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Amelia House, Crescent Road, Worthing, West Sussex, BN11 1RL.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value]. The principal accounting policies adopted are set out below.

Turnover represents service charges receivable from the Lessees of 32 Brunswick Terrace during the year, in order to meet the relevant costs in relation to the property in accordance with the provisions of Section 42 of the Landlord and Tenant Act 1987.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Included at cost in tangible fixed assets is the freehold interest of 32 Brunswick Terrace, Hove, East Sussex, BN3 1HJ which is not depreciated or revalued.

The company has the following financial instruments :

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

The company owns the freehold interest and manages the property 32 Brunswick Terrace, Hove, East Sussex, BN3 1HJ. All of the lessees of the property are also shareholders.

The directors are of the opinion that no one person has ultimate control of the company.

The company contracts with third parties in its name for the supply to the property for maintenance of the common parts in accordance with the terms of the leases. At 23 June 2025, the company had not entered into any non-cancellable contractual commitments (2024 - £Nil).

At the balance sheet date on the current account, some lessees owed the company £nil (2024 - £195) whilst others were owed by the company £2,889 (2024 - £2,709). In addition the company retained on maintenance reserve £31,885 (2024 - £19,061) against future expenditure.

The company's turnover represents contributions receivable from Lessees of 32 Brunswick Terrace, Hove.