| REGISTERED NUMBER: |
| CORMETZ LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| REGISTERED NUMBER: |
| CORMETZ LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| CORMETZ LIMITED (REGISTERED NUMBER: 02988192) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 7 |
| CORMETZ LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| DIRECTORS: |
| SECRETARY: | A.S.H. & S. Vickers Limited |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 255 Green Lanes |
| Palmers Green |
| London |
| N13 4XE |
| CORMETZ LIMITED (REGISTERED NUMBER: 02988192) |
| BALANCE SHEET |
| 31 DECEMBER 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 10 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| CORMETZ LIMITED (REGISTERED NUMBER: 02988192) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| CORMETZ LIMITED (REGISTERED NUMBER: 02988192) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| 1. | STATUTORY INFORMATION |
| Cormetz Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover comprises the rental income from the freehold and leasehold properties held by the company. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Where it is possible to determine that the small profits rate of tax would be appropriate, this has been used. In all other cases the deferred tax has been calculated at the main rate. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| CORMETZ LIMITED (REGISTERED NUMBER: 02988192) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1 January 2025 |
| and 31 December 2025 |
| DEPRECIATION |
| At 1 January 2025 |
| Charge for year |
| At 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 January 2025 |
| and 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| Fair value at 31 December 2025 is represented by: |
| £ |
| Valuation in 2009 | 1,739,039 |
| Valuation in 2010 | 202,995 |
| Valuation in 2013 | 685,330 |
| Valuation in 2015 | 186,072 |
| Valuation in 2016 | 119,000 |
| Valuation in 2018 | (209,899 | ) |
| Valuation in 2019 | (188,231 | ) |
| Valuation in 2020 | 885,684 |
| Valuation in 2021 | 3,880 |
| Valuation in 2023 | 70,000 |
| Cost | 2,731,130 |
| 6,225,000 |
| If the investment properties had not been revalued they would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 2,731,130 | 2,731,130 |
| Investment properties were valued on an open market basis on 31 December 2025 by the directors . |
| CORMETZ LIMITED (REGISTERED NUMBER: 02988192) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Other creditors |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| The bank loan is secured by fixed charges over the companies investment properties, a debenture over the assets of the company. |
| 10. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 January 2025 | 3,655,111 |
| Profit for the year |
| At 31 December 2025 | 3,680,590 |
| 11. | OTHER FINANCIAL COMMITMENTS |
| The company has annual commitments to pay ground rents to the freeholders of the properties. The total commitments are not included as the contract is terminated when the properties are sold. The total payable in the next twelve months is £2,851. This commitment will increase over time. |
| CORMETZ LIMITED (REGISTERED NUMBER: 02988192) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2025 |
| 12. | RELATED PARTY DISCLOSURES |
| The company paid £4,200 (2024 - £4,200) to Mrs GF Metzgen in respect of rent for the use of her home as an office. Mrs GF Metzgen and her husband have loaned the company money to assist with the purchase of the properties. At the year end the amount due to them was £684,608 (2024 - £697,608) of which £659,543 is repayable in more than 12 months. |
| During the year the company paid £1,800, (2024 - £1,800) to JMR Prichard for accommodation whilst the directors are in the United Kingdom and for PO Box services |
| During the year, the company leased one of its properties under an assured shorthold tenancy to Ms S LaRocque, the step-daughter of Mrs Metzgen who is a director and shareholder of the company.The rent received during the year was £11,700 (2024 - £11,700). |
| 13. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mrs G F Metzgen. |