Corinthian Property Management Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Corinthian Property Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08554105 . The registered office is 43 Manchester Street, London, W1U 7LP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

These financial statements have been prepared on a going concern basis. The directors, having considered the financial position of the company for a period of at least twelve months from the date of signing these financial statements, have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the company to continue as a going concern. The Parent company will continue to provide support.

Accordingly the directors have a reasonable expectation that the company will continue in operational existence and thus they adopt the going concern basis of accounting in preparing the financial statements.

2.3. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue comprises rents receivable and is recognised in the period to which it relates.

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section

12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

...CONTINUED

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Corinthian Property Management Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. Financial Instruments - continued

Basic financial assets, which include debtors and cash and bank balances, are initially measured at

transaction price including transaction costs and are subsequently carried at amortised cost using the

effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Corinthian Property Management Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.7. Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Investment Property

	2025
	£
Fair Value
As at 1 September 2024	495,000
Revaluations	(60,000)

As at 31 August 2025	435,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	495,000	495,000

Investment properties are stated at director's valuation.

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	374	524
Amounts owed by group undertakings	2	2

	376	526

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	1,322	482
Accruals and deferred income	7,110	3,172
Amounts owed to group undertakings	265,182	264,791

	273,614	268,445

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Corinthian Property Management Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	241,780	241,780

Amounts owed to group undertakings are unsecured, interest free and repayable when sufficient funds become available.

The bank loans are secured by a debenture creating a fixed and floating charge over the assets of the company, as well as a floating charge over the assets of Corinthian (London) Holdings Limited Group.

8. Deferred Taxation

The company has an unrecognised deferred tax asset of £15,686, comprising £15,000 in respect of the capital loss position on the investment property (recoverable only against future chargeable gains) and £686 in respect of property business losses carried forward of £2,742. The asset has not been recognised as its recovery against future taxable profits is not considered probable.

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

10. Related Party Transactions

The company is a wholly owned subsidiary of Corinthian (London) Holdings Limited, and as such has taken advantage of the exemption permitted by FRS 102 Section 33 'Related party disclosures' not to provide disclosures of transactions entered into with other wholly members of the group

11. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

12. Ultimate Parent Undertaking and Controlling Party

The company is a 100% subsidiary of Corinthian (London) Holdings Limited. The parent company's

principal place of business is 56 Buckingham Gate, London, SW1E 6AE. The parent company prepares consolidated accounts that include this company which are available from the registered office.

13. Audit Information

The auditor's report on the accounts of Corinthian Property Management Limited for the year ended 31 August 2025 was unqualified.

The auditor's report was signed by Hitesh Gadhia (Senior Statutory Auditor) for and on behalf of Shaw Wallace , Statutory Auditor.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		435,000		495,000

			435,000		495,000
CURRENT ASSETS
Debtors	5	376		526
Cash at bank and in hand		18,987		11,779

		19,363		12,305
Creditors: Amounts Falling Due Within One Year	6	(273,614 )		(268,445 )

NET CURRENT ASSETS (LIABILITIES)			(254,251 )		(256,140 )

TOTAL ASSETS LESS CURRENT LIABILITIES			180,749		238,860

Creditors: Amounts Falling Due After More Than One Year	7		(241,780 )		(241,780 )

NET LIABILITIES			(61,031 )		(2,920 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			(61,033 )		(2,922 )

SHAREHOLDERS' FUNDS			(61,031)		(2,920)