Company No: 11427457 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	2,259,987		1,903,093
		2,259,987		1,903,093
Current assets
Debtors	4	48,191		20,860
Cash at bank and in hand		191,998		18,831
		240,189		39,691
Creditors: amounts falling due within one year	5	( 2,329,298)		( 1,856,205)
Net current liabilities		(2,089,109)		(1,816,514)
Total assets less current liabilities		170,878		86,579
Provision for liabilities		( 30,885)		( 14,804)
Net assets		139,993		71,775
Capital and reserves
Called-up share capital	6	100		100
Profit and loss account		139,893		71,675
Total shareholders' funds		139,993		71,775

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Corton Holdings Limited (registered number: 11427457) were approved and authorised for issue by the Board of Directors on 24 December 2025. They were signed on its behalf by:

Mr R M Browning Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Corton Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than land and buildings, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	15 % reducing balance
Fixtures and fittings	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 April 2024	1,825,177		78,594		6,749		1,910,520
Additions	330,763		32,655		12,270		375,688
At 31 March 2025	2,155,940		111,249		19,019		2,286,208
Accumulated depreciation
At 01 April 2024	0		5,740		1,687		7,427
Charge for the financial year	0		15,340		3,454		18,794
At 31 March 2025	0		21,080		5,141		26,221
Net book value
At 31 March 2025	2,155,940		90,169		13,878		2,259,987
At 31 March 2024	1,825,177		72,854		5,062		1,903,093

4. Debtors

	2025		2024
	£		£
Trade debtors	20,037		19,452
Amounts owed by joint ventures	3,032		516
VAT recoverable	25,122		892
	48,191		20,860

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	9,614		60
Amounts owed to directors	2,301,951		1,853,833
Accruals	1,767		1,649
Corporation tax	15,966		663
	2,329,298		1,856,205

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
99 Ordinary A shares of £ 1.00 each	99		99
1 Ordinary B share of £ 1.00	1		1
	100		100

7. Related party transactions

During the year, the company charged rent of £102,000 (2024 - £59,500) and made sales of £108,000 (2024 - £108,000) to Gravity Industries Limited, a company in which the directors, are also directors and shareholders. At the end of the period, £22,333 (2024 - £20,860) was due from Gravity Industries Limited.