Company Registration No. 10977344 (England and Wales)
CORNFORTH HOMES LIMITED
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
CORNFORTH HOMES LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
CORNFORTH HOMES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
309,923
309,923
Current assets
Debtors
5
187
1,518
Cash at bank and in hand
1,598
1,010
1,785
2,528
Creditors: amounts falling due within one year
6
(208,723)
(187,324)
Net current liabilities
(206,938)
(184,796)
Total assets less current liabilities
102,985
125,127
Creditors: amounts falling due after more than one year
7
(116,105)
(140,901)
Net liabilities
(13,120)
(15,774)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(13,220)
(15,874)
Total equity
(13,120)
(15,774)

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 2 March 2026
Mr A T Cornforth
Director
Company registration number 10977344 (England and Wales)
CORNFORTH HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

Cornforth Homes Limited is a private company limited by shares incorporated in England and Wales. The registered office is Swinford House, Albion Street, Brierley Hill, West Midlands, DY5 3EE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

It is expected that the company will continue to trade for the foreseeable future with the support of the director.true

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

CORNFORTH HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

CORNFORTH HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 October 2024 and 30 September 2025
739
Depreciation and impairment
At 1 October 2024 and 30 September 2025
739
Carrying amount
At 30 September 2025
-
0
At 30 September 2024
-
0
4
Investment property
2025
£
Fair value
At 1 October 2024 and 30 September 2025
309,923

Investment properties are included in the accounts at cost. In the opinion of the directors, there is no material difference between the cost and the open market value of the property.

CORNFORTH HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Prepayments and accrued income
187
1,518
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
8
23,506
12,346
Other creditors
181,392
173,598
Accruals and deferred income
3,825
1,380
208,723
187,324
7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
8
116,105
140,901
Creditors which fall due after five years are payable as follows:
Payable by instalments
32,069
99,726
8
Loans and overdrafts
2025
2024
£
£
Bank loans
139,611
153,247
Payable within one year
23,506
12,346
Payable after one year
116,105
140,901

The long-term loans are secured by fixed charges over the company's investment properties.

2025-09-30 2024-10-01 false false false 02 March 2026 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr A T Cornforth 10977344 2024-10-01 2025-09-30 10977344 2025-09-30 10977344 2024-09-30 10977344 core:ShareCapital 2025-09-30 10977344 core:ShareCapital 2024-09-30 10977344 core:RetainedEarningsAccumulatedLosses 2025-09-30 10977344 core:RetainedEarningsAccumulatedLosses 2024-09-30 10977344 bus:Director1 2024-10-01 2025-09-30 10977344 core:PlantMachinery 2024-10-01 2025-09-30 10977344 2023-10-01 2024-09-30 10977344 core:PlantMachinery 2024-09-30 10977344 core:PlantMachinery 2025-09-30 10977344 core:PlantMachinery 2024-09-30 10977344 2024-09-30 10977344 core:CurrentFinancialInstruments 2025-09-30 10977344 core:CurrentFinancialInstruments 2024-09-30 10977344 core:Non-currentFinancialInstruments 2025-09-30 10977344 core:Non-currentFinancialInstruments 2024-09-30 10977344 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 10977344 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 10977344 bus:FRS102 2024-10-01 2025-09-30 10977344 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 10977344 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP