Registration number: 12292412

Cunningham PIC Ltd

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 5

Cunningham PIC Ltd

(Registration number: 12292412)
Abridged Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	4,060	4,060
Tangible assets	5	2,285	256
Other financial assets	6	345,455	266,885
		351,800	271,201
Current assets
Debtors		104,420	108,797
Cash at bank and in hand		40,642	99,192
		145,062	207,989
Creditors: Amounts falling due within one year		(396,308)	(424,779)
Net current liabilities		(251,246)	(216,790)
Total assets less current liabilities		100,554	54,411
Provisions for liabilities		(571)	-
Net assets		99,983	54,411
Capital and reserves
Called up share capital		200	200
Profit and loss account		99,783	54,211
Total equity		99,983	54,411

For the financial year ending 31 December 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 of its accounts for the year in question in accordance with section 476; and
	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Cunningham PIC Ltd

(Registration number: 12292412)
Abridged Balance Sheet as at 31 December 2025

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 7 June 2026
 

Mr R R Cunningham

Director

Cunningham PIC Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Mowhay
Belstone
Okehampton
Devon
EX20 1RD

These financial statements were authorised for issue by the director on 7 June 2026.

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's current liabilities at
31 December 2025, an amount is owed to the directors, who have agreed to continue to support the company, and not to demand repayment of this amount to the extent that any such repayment would jeopardise the future of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cunningham PIC Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	25% Straight Line method

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Computer Software	No amortisation whilst in development phase

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 2).

4	Intangible assets

	Total £
Cost or valuation
Additions internally developed	4,060
At 31 December 2025	4,060
Amortisation
Carrying amount
At 31 December 2025	4,060
At 31 December 2024	4,060

Cunningham PIC Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

5	Tangible assets

	Total £
Cost or valuation
At 1 January 2025	549
Additions	2,829
At 31 December 2025	3,378
Depreciation
At 1 January 2025	293
Charge for the year	800
At 31 December 2025	1,093
Carrying amount
At 31 December 2025	2,285
At 31 December 2024	256

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 January 2025	266,885	266,885
Fair value adjustments	22,215	22,215
Additions	83,644	83,644
Disposals	(27,289)	(27,289)
At 31 December 2025	345,455	345,455
Carrying amount
At 31 December 2025	345,455	345,455