Company Registration No. 11827848 (England and Wales)
Cordis Creative Limited
Unaudited accounts
for the year ended 31 March 2025
Cordis Creative Limited
Unaudited accounts
Contents
Cordis Creative Limited
Company Information
for the year ended 31 March 2025
Company Number
11827848 (England and Wales)
Registered Office
11-13 Riverside Road
Norwich
Norfolk
NR1 1SQ
United Kingdom
Cordis Creative Limited
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
1,761
2,132
Creditors: amounts falling due within one year
(506,382)
(360,322)
Net current liabilities
(443,763)
(300,518)
Net liabilities
(443,763)
(300,397)
Called up share capital
10
10
Profit and loss account
(443,773)
(300,407)
Shareholders' funds
(443,763)
(300,397)
For the year ending 31 March 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 his 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 21 November 2025 and were signed on its behalf by
Corin Thoday
Director
Company Registration No. 11827848
Cordis Creative Limited
Notes to the Accounts
for the year ended 31 March 2025
Cordis Creative Limited is a private company, limited by shares, registered in England and Wales, registration number 11827848. The registered office is 11-13 Riverside Road, Norwich, Norfolk, NR1 1SQ, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
During the accounting period to 31 March 2024 the company made a loss of £143,367 (2024: £129,290).
At the year end the company owed a total of £490,371 (2024: £336,019) to Targetfollow Estates Ltd a company under common control.
After the year end, the company took the decision to restructure its operations . Targetfollow Estates Ltd has undertaken to support the company through this process.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Not depreciated
Computer equipment
50% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Cordis Creative Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
1,100
4,372
5,472
At 31 March 2025
1,100
4,372
5,472
At 1 April 2024
1,016
4,335
5,351
Charge for the year
84
37
121
At 31 March 2025
1,100
4,372
5,472
At 31 March 2024
84
37
121
Amounts falling due within one year
Trade debtors
58,056
27,441
Amounts falling due after more than one year
Accrued income and prepayments
-
23,106
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
5,536
6,762
Amounts owed to group undertakings and other participating interests
490,371
336,019
Taxes and social security
1,961
-
Deferred income
3,000
11,500
Cordis Creative Limited
Notes to the Accounts
for the year ended 31 March 2025
8
Transactions with related parties
Under section 33.1A of FRS 102 the Company is not obliged to disclose transaction between members of other group companies where group accounts are prepared.
During the period, fees of £29,640 (2024: £38,532 ) were charged to Targetfollow Estates Limited, a company in common control by shareholder A Naghshineh. At the end of the year, the company had an outstanding balances of £2,964 (2024: 964) owed by Targetfollow Estates Limited.
Targetfollow Estates charges management fees to the company. £3,210 (2024: £16,050) was charged during the period. At the end of the year £30 (2024: £(19)) was owed to Targetfollow Estates Limited.
The company also holds a loan with Targetfollow Estates Limited. At the end of the year, the balance of the loan outstanding to Targetfollow Estates Limited was £490,371 (2024: £336,019 ).
During the period, fees of £11,334 (2024: £1,050) were charged to RCP Parking Limited a company where A Naghshineh is a director and shareholder. At the end of the year there was an outstanding credit balance of£378 (2024: £Nil) owed by RCP Parking Limited.
During the period, Fees of £2,574 ( 2024: £2,808) were charged to A. Naghshineh the ultimate controlling party. At the end of the year there was £5,382 (2024: £4,680) owed by A. Naghshineh.
A Naghshineh also charged £12,000 ( 2024: £12,000) for rental of business premises to Cordis Creative limited. There was £nil owed at the year end (2024: £nil).
The company is controlled by Targetfollow Group Limited and, in the opinion of the directors, this is the company's ultimate parent company. The ultimate controlling party is the director and shareholder of Targetfollow Group Limited, A Naghshineh.
The parent undertaking of the largest and smallest group for which consolidated accounts are prepared is Targetfollow Group Ltd. Consolidated accounts are available from Companies House.
10
Average number of employees
During the year the average number of employees was 4 (2024: 5).