Company Registration No. 15019901 (England and Wales)
Core Assets (gateshead) Ltd
Unaudited accounts
for the year ended 31 July 2025
Core Assets (gateshead) Ltd
Unaudited accounts
Contents
Core Assets (gateshead) Ltd
Company Information
for the year ended 31 July 2025
Company Number
15019901 (England and Wales)
Registered Office
51 Coldwell Park Drive
Gateshead
Tyne and Wear
NE10 9BY
England
Accountants
Scott Accountancy Services
119 Lanchester Avenue
Gateshead
Tyne & Wear
NE9 7AN
Core Assets (gateshead) Ltd
Statement of financial position
as at 31 July 2025
Tangible assets
553,000
553,000
Cash at bank and in hand
48,376
19,699
Creditors: amounts falling due within one year
(6,360)
(4,430)
Net current assets
42,016
15,269
Total assets less current liabilities
595,016
568,269
Creditors: amounts falling due after more than one year
(557,252)
(554,100)
Profit and loss account
37,763
14,168
Shareholders' funds
37,764
14,169
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 March 2026 and were signed on its behalf by
David Thompson
Director
Company Registration No. 15019901
Core Assets (gateshead) Ltd
Notes to the Accounts
for the year ended 31 July 2025
Core Assets (gateshead) Ltd is a private company, limited by shares, registered in England and Wales, registration number 15019901. The registered office is 51 Coldwell Park Drive, Gateshead, Tyne and Wear, NE10 9BY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Revaluation Basis
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
33.33% Straight Line
4
Tangible fixed assets
Land & buildings
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
5,535
3,205
Core Assets (gateshead) Ltd
Notes to the Accounts
for the year ended 31 July 2025
6
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
373,000
373,000
Loans from directors
184,252
181,100
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).