REGISTERED NUMBER: 00381177 (England and Wales)

CORNELIUS & DAVIES LIMITED

Unaudited Financial Statements

for the Year Ended 30 November 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

R A Cornelius

V E Cornelius

Secretary:

R A Cornelius

Registered office:

11 Jerusalem Passage

London

EC1V 4JP

Registered number:

00381177 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Investment property

4

1,035,762

1,050,898

Current assets

Stocks

573,225

533,413

Debtors

5

40,472

61,634

Cash at bank and in hand

77,747

43,591

691,444

638,638

Creditors

Amounts falling due within one year

6

(1,005,134

)

(974,013

)

Net current liabilities

(313,690

)

(335,375

)

Total assets less current liabilities

722,072

715,523

Capital and reserves

Called up share capital

7

14,000

14,000

Retained earnings

8

708,072

701,523

Shareholders' funds

722,072

715,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 21 August 2026 and were signed on its behalf by:

R A Cornelius - Director

1.	Statutory information

Cornelius & Davies 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 represents amounts receivable for goods/services provided in the year and is stated net of VAT.

Investment property

Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Buildings are depreciated over 50 years which the Directors consider to be the buildings useful economic life. Land has not been depreciated in accordance with the Companies Act 2006.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

3.	Employees and directors

The average number of employees during the year was 7 (2024 - 7 ) .

4.	Investment property

Total

£

Fair value

At 1 December 2024

and 30 November 2025

1,081,171

Depreciation

At 1 December 2024

30,273

Charge for year

15,136

At 30 November 2025

45,409

Net book value

At 30 November 2025

1,035,762

At 30 November 2024

1,050,898

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

33,722

60,764

Other debtors

6,750

870

40,472

61,634

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

1,006

20,139

Taxation and social security

41,603

20,977

Other creditors

962,525

932,897

1,005,134

974,013

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

14,000

Ordinary

£1.00

14,000

14,000

8.

Reserves

Retained

earnings

£

At 1 December 2024

701,523

Profit for the year

6,549

At 30 November 2025

708,072

9.	Related party disclosures

The Directors and their families loaned the company £890,433 to acquire the freehold property. This loan is unsecured, interest free and repayable on demand. At 30 November 2025 £703,680 was owed to the directors and their families..