Registered number
09517779
CORNER 12 LTD
Filleted Accounts
31 March 2026

CORNER 12 LTD
Registered number: | 09517779
Balance Sheet
as at 31 March 2026
Notes |  |  | 2026 |  |  | 2025
£ | £
Fixed assets
Tangible assets | 3 |  |  | 4,913,701 |  |  | 4,913,701
Current assets
Debtors | 4 |  | 10,393 |  |  | 6,313
Cash at bank and in hand |  |  | 246,659 |  |  | 274,871
|  |  | 257,052 |  |  | 281,184
Creditors: amounts falling due within one year | 5 |  | (70,909) |  |  | (61,645)
Net current assets |  |  |  | 186,143 |  |  | 219,539
Total assets less current liabilities |  |  |  | 5,099,844 |  |  | 5,133,240
Creditors: amounts falling due after more than one year | 6 |  |  | (4,500,000) |  |  | (4,592,500)
Net assets |  |  |  | 599,844 |  |  | 540,740
Capital and reserves
Called up share capital |  |  |  | 1,000 |  |  | 1,000
Profit and loss account |  |  |  | 598,844 |  |  | 539,740
Shareholder's funds |  |  |  | 599,844 |  |  | 540,740
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms M E Christodoulou
Director
Approved by the board on 11 August 2026

CORNER 12 LTD
Notes to the Accounts
for the year ended 31 March 2026
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover is measured at the fair value of gross property rentals receivable.
| Investment properties
| Investment properties are not depreciated and are stated in the accounts at fair value. Any surplus or deficit in arriving at the fair value is dealt with through the profit and loss account.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 | Employees | 2026 |  | 2025
Number | Number
| Average number of persons employed by the company | - |  | -
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Investment properties
£
| Cost
| At 1 April 2025 | 4,913,701
| At 31 March 2026 | 4,913,701
| Depreciation
| At 31 March 2026 | -
| Net book value
| At 31 March 2026 | 4,913,701
| At 31 March 2025 | 4,913,701
| In the opinion of the directors the fair values of the investment properties as at the balance sheet date do not vary significantly from the actual cost of the properties as stated above.
4 | Debtors | 2026 |  | 2025
£ | £
| Trade debtors | 2,962 |  | 1,610
| Other debtors | 7,431 |  | 4,703
|  |  |  |  |  | 10,393 |  | 6,313
5 | Creditors: amounts falling due within one year | 2026 |  | 2025
£ | £
| Corporation tax | 19,701 |  | 21,417
| Other taxes and social security costs | 3,300 |  | 3,300
| Other creditors | 47,908 |  | 36,928
|  |  |  |  |  | 70,909 |  | 61,645
6 | Creditors: amounts falling due after one year | 2026 |  | 2025
£ | £
| Shareholder loans | 4,500,000 |  | 4,592,500
7 | Loans | 2026 |  | 2025
£ | £
| Creditors include:
| Unsecured shareholder loans
| Mr S A Christodoulou
| Director and shareholder
| Interest-free loan |  | 2,300,000 |  | 2,392,500
| Loan bearing interest at 3% per annum repayable on 1 December 2026 |  |  |  | 2,200,000 |  | 2,200,000
|  |  |  |  |  | 4,500,000 |  | 4,592,500
| The interest-bearing shareholder loan of £2,200,000 carries interest at the rate of 3% per annum and is due for repayment on 1 December 2026. However, Mr S A Christodoulou has undertaken not to seek any repayment of either of the above loans for a period of at least twelve months from the date of approval of the accounts. Both loans have therefore been included in creditors falling due after more than a year.
8 | Related party transactions | 2026 |  | 2025
£ | £
| ASC Investments Ltd
| Mr S A Christodoulou is a director and shareholder of ASC Investments Ltd
| Serviced office rent paid to ASC Investments Ltd | 10,000 |  | 10,000
9 | Controlling party
| The company is controlled by Mr S A Christodoulou by virtue of his ownership of the company's entire issued share capital.
10 | Other information
| CORNER 12 LTD is a private company limited by shares and incorporated in England. Its registered office is:
| 1A Harmood Street
| London
| NW1 8DN

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