REGISTERED NUMBER: 12825576 (England and Wales)

CORFFE LIMITED

Unaudited Financial Statements for the Year Ended 31 August 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Halliday-Stein

A E Smiley

REGISTERED OFFICE:

Centre City House 7 Hill Street

Floor 16

Birmingham

B5 4UA

REGISTERED NUMBER:

12825576 (England and Wales)

ACCOUNTANTS:

BK Plus Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Tangible assets

4

478,640

673,722

CURRENT ASSETS

Debtors

5

16,992

18,535

Cash at bank and in hand

11,911

19,441

28,903

37,976

CREDITORS

Amounts falling due within one year

6

2,453,948

2,168,965

NET CURRENT LIABILITIES

(2,425,045

)

(2,130,989

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,946,405

)

(1,457,267

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(1,946,406

)

(1,457,268

)

(1,946,405

)

(1,457,267

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by:

A E Smiley - Director

1.	STATUTORY INFORMATION

Corffe 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.

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

-

20% on cost

Motor vehicles

-

33% on reducing balance

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 September 2024

and 31 August 2025

317,504

724,989

101,822

480

1,144,795

DEPRECIATION

At 1 September 2024

23,461

427,162

20,072

378

471,073

Charge for year

29,687

144,997

20,364

34

195,082

At 31 August 2025

53,148

572,159

40,436

412

666,155

NET BOOK VALUE

At 31 August 2025

264,356

152,830

61,386

68

478,640

At 31 August 2024

294,043

297,827

81,750

102

673,722

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

227

12,273

VAT

2,465

-

Prepayments

14,300

6,262

16,992

18,535

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

14,523

41,276

Amounts owed to group undertakings

136,969

136,969

Social security and other taxes

5,540

8,702

VAT

-

12,066

Other creditors

2,294,234

1,962,551

Accruals and deferred income

2,682

7,401

2,453,948

2,168,965

7.	RELATED PARTY DISCLOSURES

Included in other creditors is a loan of £2,294,084 (2024: £1,952,366) from an entity related via common control.

8.	POST BALANCE SHEET EVENTS

After the balance sheet date, but prior to the date of signing the company sold all chattels and related assets.