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Company Registration No. 14968631 (England and Wales)
Cornerstone Companies Ltd Unaudited accounts for the year ended 30 June 2025
Cornerstone Companies Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Cornerstone Companies Ltd Company Information for the year ended 30 June 2025
Director
Emma Kenelm
Company Number
14968631 (England and Wales)
Registered Office
21 Carrallack Terrace St Just Cornwall TR19 7LP UNITED KINGDOM
Accountants
Darroch Accountancy Ltd 9 Old Foundry Close St Just Cornwall TR19 7QS
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Cornerstone Companies Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
8,661
1,156
Current assets
Inventories
5
1,400
1,200
Debtors
6
965
855
Cash at bank and in hand
859
793
3,224
2,848
Creditors: amounts falling due within one year
7
(24,271)
(16,538)
Net current liabilities
(21,047)
(13,690)
Total assets less current liabilities
(12,386)
(12,534)
Provisions for liabilities
Deferred tax
8
(1,645)
(220)
Net liabilities
(14,031)
(12,754)
Capital and reserves
Called up share capital
9
1
1
Profit and loss account
(14,032)
(12,755)
Shareholders' funds
(14,031)
(12,754)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 July 2025 and were signed on its behalf by
Emma Kenelm Director Company Registration No. 14968631
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Cornerstone Companies Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Cornerstone Companies Ltd is a private company, limited by shares, registered in England and Wales, registration number 14968631. The registered office is 21 Carrallack Terrace, St Just, Cornwall, TR19 7LP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2024
1,459
82
1,541
Additions
10,520
-
10,520
At 30 June 2025
11,979
82
12,061
Depreciation
At 1 July 2024
365
20
385
Charge for the year
2,995
20
3,015
At 30 June 2025
3,360
40
3,400
Net book value
At 30 June 2025
8,619
42
8,661
At 30 June 2024
1,094
62
1,156
5
Inventories
2025
2024
£
£
Raw materials
1,400
1,200
1,400
1,200
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Cornerstone Companies Ltd Notes to the Accounts for the year ended 30 June 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
434
-
Trade debtors
531
855
965
855
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
519
801
Taxes and social security
368
319
Other creditors
1,721
1,919
Loans from directors
21,663
13,499
24,271
16,538
8
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
1,645
220
2025
2024
£
£
Provision at start of year
220
-
Charged to the profit and loss account
1,425
220
Provision at end of year
1,645
220
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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