Company registration number 01976420 (England and Wales)
CORTONWOOD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
CORTONWOOD LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CORTONWOOD LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
229,570
229,570
Debtors
4
3,783
546
233,353
230,116
Creditors: amounts falling due within one year
5
(234,453)
(207,819)
Net current (liabilities)/assets
(1,100)
22,297
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
(1,101)
22,296
Total equity
(1,100)
22,297

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

T he members have 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 profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 20 March 2026
Mr AF Greasley
Director
Company registration number 01976420 (England and Wales)
CORTONWOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -
1
Accounting policies
Company information

Cortonwood Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6a Hall Annex Thorncliffe Park Estate, Newton Chambers Road, Chapeltown, Sheffield, South Yorkshire, England, S35 2PH.

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.

The financial statements of the company are consolidated in the financial statements of St Paul's Development Ltd. These consolidated financial statements are available from its registered office.

1.2
Going concern

In preparing the financial statements the Board has considered a number of factors. These include the financial performance of the Company since the period end and the cash flow forecasts covering the 12 months following the approval of these accounts. The Director ha s confirmed that the group will continue to support this company for the foreseeable future. For this reason the Company continues to adopt the going concern basis in preparing its financial statements.

1.3
Turnover

Turnover represents rental income earned from the letting of property and is measured at the fair value of the consideration receivable.

Rentals under operating leases are credited to the Statement of Comprehensive Income on a straight line basis over the lease term. Benefits allowed as an incentive to sign an operating lease are recognised on a straight line basis over the period.

1.4
Stocks

Stocks comprise of land development costs and they are stated at the lower of costs and net realisable value. Cost includes all actual direct expenditure and applicable outgoings. A provision is made for any foreseeable losses where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
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.

CORTONWOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.6
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 balance sheet 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 and loans from fellow group companies 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.

2
Employees

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

2025
2024
Number
Number
Total
0
0
3
Associates

Details of the company's associates at 30 November 2025 are as follows:

CORTONWOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
3
Associates
(Continued)
- 4 -
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Cortonwood (Management) Two Company Limited
United Kingdom
Ordinary
18.60
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
3,783
546
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
3,600
1,464
Amounts owed to group undertakings
230,853
206,355
234,453
207,819
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
7
Parent company

The company is a wholly owned subsidiary of St. Paul's Developments Ltd, a company incorporated in England and Wales.

The director regard s SPD Holdings Limited, a company registered in England, as the ultimate parent company and the ultimate controlling party.

Group accounts are prepared for the groups headed by SPD Holdings Limited. Copies of the group accounts can be obtained from Companies House.

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