Core Project Services Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 12736094

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	185,227		235,724
Cash at bank and in hand		24,903		57,732

		210,130		293,456
Creditors: Amounts Falling Due Within One Year	5	(209,887 )		(263,006 )

NET CURRENT ASSETS (LIABILITIES)			243		30,450

TOTAL ASSETS LESS CURRENT LIABILITIES			243		30,450

NET ASSETS			243		30,450

CAPITAL AND RESERVES
Called up share capital	6		111		111
Profit and Loss Account			132		30,339

SHAREHOLDERS' FUNDS			243		30,450

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 member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Siminder Khatkar

Director

29/12/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Core Project Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12736094 . The registered office is 4th Floor 54 Charlotte Street, London, W1T 2NS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: )

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Core Project Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	37,618	71,073
Other debtors	147,498	164,651

	185,116	235,724
Due after more than one year
Other debtors	111	-

	185,227	235,724

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	79,433	2,030
Bank loans and overdrafts	17,257	-
Amounts owed to group undertakings	98,994	235,582
Other creditors	3,330	2,650
Taxation and social security	10,873	22,744

	209,887	263,006

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	111	111

7. Related Party Transactions

Corep Group Ltd

Parent Company

During the year, management charges of £161,083 (2024 - £164,324) were charged by Corep Group Ltd. The parent company is the company's controlling party. At the balance sheet date, an amount of £59,849 (2024- £61,087) was due to Corep Group Ltd.

Corep Ltd

Company under common control

During the year, management fees of £227,835 (2024 - £364,234) were charged by Corep Ltd, a fellow subsidiary. At the balance sheet date, an amount of £39,145 (2024 - £174,495) was payable to Corep Ltd

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