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Company Registration No. 00584062 (England and Wales)
Cornish Mead Co.limited Unaudited accounts for the year ended 30 June 2025
Cornish Mead Co.limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Cornish Mead Co.limited Company Information for the year ended 30 June 2025
Directors
Sophia Fenton Matthew Leiworthy
Company Number
00584062 (England and Wales)
Registered Office
Cornish Mead Mount Prospect Terrace Newlyn Penzance Cornwall TR18 5QF England
Accountants
Chynance Accountancy Services Ltd 2 King Mark House Stret Constantine Newquay Cornwall TR7 1GF
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Cornish Mead Co.limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
190,220
207,819
Investment property
5
163,000
163,000
Investments
6
490
-
353,710
370,819
Current assets
Inventories
125,319
140,565
Debtors
7
42,083
34,856
Cash at bank and in hand
311,621
329,432
479,023
504,853
Creditors: amounts falling due within one year
8
(78,238)
(111,766)
Net current assets
400,785
393,087
Total assets less current liabilities
754,495
763,906
Provisions for liabilities
Other provisions
(29,540)
(33,940)
Net assets
724,955
729,966
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
723,955
728,966
Shareholders' funds
724,955
729,966
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 directors acknowledge their 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 of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by
Sophia Fenton Director Company Registration No. 00584062
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Cornish Mead Co.limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Cornish Mead Co.limited is a private company, limited by shares, registered in England and Wales, registration number 00584062. The registered office is Cornish Mead, Mount Prospect Terrace, Newlyn, Penzance, Cornwall, TR18 5QF, England.
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:
Land & buildings
25 years Straight line
Plant & machinery
25% Reducing balance
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Cornish Mead Co.limited Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2024
398,535
396,450
794,985
At 30 June 2025
398,535
396,450
794,985
Depreciation
At 1 July 2024
208,598
378,568
587,166
Charge for the year
13,129
4,470
17,599
At 30 June 2025
221,727
383,038
604,765
Net book value
At 30 June 2025
176,808
13,412
190,220
At 30 June 2024
189,937
17,882
207,819
5
Investment property
2025
£
Fair value at 1 July 2024
163,000
At 30 June 2025
163,000
The fair value of investment property has been arrived at on 30th June 2025 by the Directors. The valuation was based on a historic market value basis by reference to market evidence of transaction prices for similar properties. If the investment property had been accounted for under the cost accounting rules, the property would have been measured at cost, being £37,906.
6
Investments
Other investments
£
Valuation at 1 July 2024
-
Additions
490
Valuation at 30 June 2025
490
7
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
34,951
32,119
Accrued income and prepayments
7,132
2,737
42,083
34,856
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Cornish Mead Co.limited Notes to the Accounts for the year ended 30 June 2025
8
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
15,082
22,199
Trade creditors
9,381
5,943
Taxes and social security
4,049
9,445
Other creditors
653
2,468
Loans from directors
41,715
68,211
Accruals
7,358
3,500
78,238
111,766
9
Controlling party
The Parent Company owning 100% shares in the Company is: CMC New Dawn Limited The Mead House, Newlyn, Penzance, Cornwall. TR18 5QF
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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