Company registration number 00481299 (England and Wales)
Cornbow Properties Limited
Unaudited Financial Statements
For the year ended 31 March 2026
Cornbow Properties Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Cornbow Properties Limited
Statement Of Financial Position
As at 31 March 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Investment property
4
210,000
210,000
Current assets
Investments
5
563,450
478,650
Cash at bank and in hand
49,995
78,097
613,445
556,747
Creditors: amounts falling due within one year
6
(195,890)
(195,417)
Net current assets
417,555
361,330
Net assets
627,555
571,330
Capital and reserves
Called up share capital
1,002
1,002
Capital redemption reserve
1
1
Fair value reserve
7
6,606
6,606
Distributable profit and loss reserves
619,946
563,721
Total equity
627,555
571,330

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 June 2026 and are signed on its behalf by:
Mr G N Goodman
Mr G J Goodman
Director
Director
Company registration number 00481299 (England and Wales)
Cornbow Properties Limited
Notes to the financial statements
For the year ended 31 March 2026
- 2 -
1
Accounting policies
Company information

Cornbow Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Church Court, Stourbridge Road, Halesowen, West Midlands, England, B63 3TT.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
33% on cost
1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Cornbow Properties Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
- 3 -

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
4
3
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2025 and 31 March 2026
208
Depreciation and impairment
At 1 April 2025 and 31 March 2026
208
Carrying amount
At 31 March 2026
-
0
At 31 March 2025
-
0
4
Investment property
2026
£
Fair value
At 1 April 2025 and 31 March 2026
210,000

Investment property was revalued on an open market basis on 31st March 2025 by the Directors.

Cornbow Properties Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
- 4 -
5
Current asset investments
2026
2025
£
£
Other investments
563,450
478,650
6
Creditors: amounts falling due within one year
2026
2025
£
£
Taxation and social security
1,273
417
Other creditors
191,347
191,730
Accruals and deferred income
3,270
3,270
195,890
195,417
7
Fair value reserve
2026
2025
£
£
At the beginning of the year
6,606
-
Transfer to fair value reserve
-
6,606
At the end of the year
6,606
6,606
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