REGISTERED NUMBER: 06056703 (England and Wales)

Corries Cross Ltd

Unaudited Financial Statements for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B Ashmore

REGISTERED OFFICE:

Melbourne House

36 Chamberlain Street

Wells

Somerset

BA5 2PJ

REGISTERED NUMBER:

06056703 (England and Wales)

ACCOUNTANTS:

Webb & Co Ltd

Accountants and Business Advisers

One New Street

Wells

Somerset

BA5 2LA

FIXED ASSETS

Tangible assets

4

-

667

Investment property

5

1,650,000

1,650,000

1,650,000

1,650,667

CURRENT ASSETS

Debtors

6

513,701

412,159

Cash at bank

22,769

4,509

536,470

416,668

CREDITORS

Amounts falling due within one year

7

90,001

64,633

NET CURRENT ASSETS

446,469

352,035

TOTAL ASSETS LESS CURRENT LIABILITIES

2,096,469

2,002,702

CREDITORS

Amounts falling due after more than one year

8

455,097

461,200

NET ASSETS

1,641,372

1,541,502

CAPITAL AND RESERVES

Called up share capital

10

50

50

Capital redemption reserve

50

50

Fair value reserve

204,987

204,987

Retained earnings

1,436,285

1,336,415

SHAREHOLDERS' FUNDS

1,641,372

1,541,502

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 director acknowledges his 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 and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2026 and were signed by:

B Ashmore - Director

1.	STATUTORY INFORMATION

Corries Cross Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT. The policies adopted for the recognition of turnover are as follows:

Rental Income and Holiday Lets Income

Turnover from the rental of properties and the provision of holiday let accommodation is recognised on an accrual basis in accordance with the substance of the relevant agreement holiday let income is recognised on the first date of the let.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Investment property

Investment property is shown at fair value at each reporting date with changes recognised in profit or loss

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2025

and 31 December 2025

26,706

DEPRECIATION

At 1 January 2025

26,039

Charge for year

667

At 31 December 2025

26,706

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

667

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

1,650,000

NET BOOK VALUE

At 31 December 2025

1,650,000

At 31 December 2024

1,650,000

If investment properties had not been revalued they would have been included at the following historical cost £1,445,013 (2024 - £1,445,013).

Investment properties were valued on an open market basis by the director at 31 December 2025.

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

860

860

Other debtors

9,841

8,299

10,701

9,159

Amounts falling due after more than one year:

Other debtors

503,000

403,000

Aggregate amounts

513,701

412,159

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

33,834

33,834

Trade creditors

-

4,500

Taxation and social security

44,423

18,761

Other creditors

11,744

7,538

90,001

64,633

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

455,097

461,200

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

319,761

325,864

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

488,931

495,034

The bank loans are secured as follows:

Legal charge over the property known as 1-5 Swan Mews, Wells, Somerset BA5 2SG dated 16 February 2024

Fixed and floating charge over all property and undertakings of the company dated 02 February 2024

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary B

£1

50

50

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

B Ashmore

Balance outstanding at start of year

5,902

-

Amounts advanced

-

5,902

Amounts repaid

(5,902

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

5,902