Corner 5 Limited - Accounts

Corner 5 Limited
Contents Page
For the year ended 31 March 2025

Statement of financial position	1
Notes to the financial statements	2

Corner 5 Limited
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	12,363	15,128
		12,363	15,128
Current assets
Stocks		0	18,657
Debtors		81,018	57,844
Cash at bank and in hand		0	4,290
		81,018	80,791
Creditors: amount falling due within one year		(53,414)	(46,551)
Net current assets		27,604	34,240

Total assets less current liabilities		39,967	49,368
Creditors: amount falling due after more than one year		(59,653)	(48,635)
Net assets		(19,686)	733

Capital and reserves
Called up share capital	4	3	3
Profit and loss account		(19,689)	730
Shareholders' funds		(19,686)	733

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 30 December 2025 and were signed by:

-------------------------------
Darren Christopher CORNER
Director

1

Corner 5 Limited
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

Corner 5 Limited is a private company, limited by shares, registered in England and Wales, registration number 07552761, registration address 2nd Floor, Sterling House, Langston Road, Loughton, Essex, IG10 3TS.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Total
	£	£	£
At 01 April 2024	15,462	41,950	57,412
Additions	-	-	-
Disposals	-	-	-
At 31 March 2025	15,462	41,950	57,412
Depreciation
At 01 April 2024	5,286	36,998	42,284
Charge for year	1,527	1,238	2,765
On disposals	-	-	-
At 31 March 2025	6,813	38,236	45,049
Net book values
Closing balance as at 31 March 2025	8,649	3,714	12,363
Opening balance as at 01 April 2024	10,176	4,952	15,128

4.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
3 Class A shares of £1.00 each	3		3
	3		3

2

Registered Number: 07552761
England and Wales
CORNER 5 LIMITED

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025