REGISTERED NUMBER: 04938441 (England and Wales)

CORRIDAN PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTORS:

Mrs M C Corridan

P G J Corridan

D Corridan

SECRETARY:

Mrs M C Corridan

REGISTERED OFFICE:

The Riding School House

Bulls Lane

Wishaw

Sutton Coldfield

West Midlands

B76 9QW

REGISTERED NUMBER:

04938441 (England and Wales)

ACCOUNTANTS:

Phoenix Associates Limited

Chartered Certified Accountants

The Riding School House

Bulls Lane

Wishaw

Sutton Coldfield

West Midlands

B76 9QW

FIXED ASSETS

Tangible assets

4

44,610

55,059

Investments

5

906,295

100,000

Investment property

6

580,000

580,000

1,530,905

735,059

CURRENT ASSETS

Debtors

7

111,494

103,314

Cash at bank

15,573

12,008

127,067

115,322

CREDITORS

Amounts falling due within one year

8

1,359,531

594,576

NET CURRENT LIABILITIES

(1,232,464

)

(479,254

)

TOTAL ASSETS LESS CURRENT LIABILITIES

298,441

255,805

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

10

297,441

254,805

SHAREHOLDERS' FUNDS

298,441

255,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

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.

The 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2026 and were signed on its behalf by:

Mrs M C Corridan - Director

1.	STATUTORY INFORMATION

Corridan Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on the going concern basis. However, the company had net current liabilities amounting to £1,232,464 (2024 : £479,254) at the balance sheet date. In order to continue trading, the company is reliant upon the continued support of the company's directors. As at the year end the directors' loan account included within 'Creditors due within one year' was £1,351,503 (2024 : £590,468). It has been indicated that this support will continue.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

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 Profit & Loss Account, 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.

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.

Investment properties

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both.

Investment properties are recognised initially at cost.

Subsequent to initial recognition :

i. Investment properties, whose fair value can be measured reliably without undue cost or effort, are held at fair value. Any gains or losses arising from changes in the fair value are recognised in the profit or loss account in the period that they arise; and

ii. No depreciation is provided in respect of investment properties applying the fair value model.

This treatment, as regards the company's investment properties, may be a departure from the requirements of the Companies Act, concerning depreciation of tangible fixed assets. However, these properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view. Depreciation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

2,204

95,221

2,090

99,515

Additions

-

-

1,098

1,098

At 31 December 2025

2,204

95,221

3,188

100,613

DEPRECIATION

At 1 January 2025

2,204

40,374

1,878

44,456

Charge for year

-

10,969

578

11,547

At 31 December 2025

2,204

51,343

2,456

56,003

NET BOOK VALUE

At 31 December 2025

-

43,878

732

44,610

At 31 December 2024

-

54,847

212

55,059

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2025

100,000

Additions

924,643

Disposals

(147,756

)

Revaluations

29,408

At 31 December 2025

906,295

NET BOOK VALUE

At 31 December 2025

906,295

At 31 December 2024

100,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

580,000

NET BOOK VALUE

At 31 December 2025

580,000

At 31 December 2024

580,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2025

580,000

If investment property had not been revalued they would have been included at the following historical cost:

31/12/25

31/12/24

£

£

Cost

647,696

647,696

Investment property was valued on an open market basis on 31 December 2025 by the directors .

The fair value of the investment properties of £580,000 is based on a valuation by the directors, having used publicly available market evidence to assess the current market value of each asset.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade debtors

663

(2,586

)

Other debtors

110,831

105,900

111,494

103,314

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Taxation and social security

2,810

1,520

Other creditors

1,356,721

593,056

1,359,531

594,576

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/25

31/12/24

value:

£

£

510

Ordinary "A" shares

1

510

510

240

Ordinary "B" shares

1

250

250

250

Ordinary "C" shares

1

240

240

1,000

1,000

10.

RESERVES

Retained

earnings

£

At 1 January 2025

254,805

Profit for the year

42,636

At 31 December 2025

297,441

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed PGJ Corridan and MC Corridan the sum of £1,351,503 (2024 : £590,468) on their directors' loan account. The loan was interest free with no fixed date for repayment and is therefore deemed to be repayable on demand.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Corridan Properties Limited for the year ended 31 December 2025 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Corridan Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Corridan Properties Limited and state those matters that we have agreed to state to the Board of Directors of Corridan Properties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Corridan Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Corridan Properties Limited. You consider that Corridan Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Corridan Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Phoenix Associates Limited

Chartered Certified Accountants

The Riding School House

Bulls Lane

Wishaw

Sutton Coldfield

West Midlands

B76 9QW

12 March 2026