Registration number: 11460165

Corbett Real Estate Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Corbett Real Estate Ltd

Company Information

Directors

Mr Michael Patrick Corbett Mrs Laura Elizabeth Corbett

Registered office

32 New Road London United Kingdom SE2 0QG

Accountants

RiverView Portfolio Limited 1 Market Hill Calne Wiltshire SN11 0BT

Corbett Real Estate Ltd

(Registration number: 11460165)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	225	449
Investment property	6	1,395,000	1,435,000
		1,395,225	1,435,449
Current assets
Debtors	7	22,430	4,771
Cash at bank and in hand		21,442	47,621
		43,872	52,392
Creditors: Amounts falling due within one year	8	(850)	(834)
Net current assets		43,022	51,558
Total assets less current liabilities		1,438,247	1,487,007
Creditors: Amounts falling due after more than one year	8	(1,436,222)	(1,431,314)
Provisions for liabilities		(24,566)	(32,166)
Net (liabilities)/assets		(22,541)	23,527
Capital and reserves
Called up share capital		1,000	1,000
Revaluation reserve		104,728	137,128
Retained earnings		(128,269)	(114,601)
Shareholders' (deficit)/funds		(22,541)	23,527

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.

Directors' responsibilities:

•	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 directors acknowledge their 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 16 April 2026 and signed on its behalf by:
 

Corbett Real Estate Ltd

(Registration number: 11460165)
Balance Sheet as at 31 December 2025 (continued)

......................................... Mr Michael Patrick Corbett Director

......................................... Mrs Laura Elizabeth Corbett Director

Corbett Real Estate Ltd

Notes to the Unaudited 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 and Wales.

The address of its registered office is:
32 New Road
London
SE2 0QG
United Kingdom

These financial statements were authorised for issue by the Board on 16 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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
Office Equipment	Straight Line 25%

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the company director. The valuation is made observing market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Corbett Real Estate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4	Loss/profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	224	344

Corbett Real Estate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2025	2,863	2,863
At 31 December 2025	2,863	2,863
Depreciation
At 1 January 2025	2,414	2,414
Charge for the year	224	224
At 31 December 2025	2,638	2,638
Carrying amount
At 31 December 2025	225	225
At 31 December 2024	449	449

6	Investment properties

	2025 £
At 1 January	1,435,000
Fair value adjustments	(40,000)
At 31 December	1,395,000

The fair value of the property at 31 December 2025 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation of £1,395,000 was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.

7

Debtors

Current	2025 £	2024 £
Trade debtors	-	374
Prepayments	22,429	4,396
Other debtors	1	1
	22,430	4,771

Corbett Real Estate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Accruals and deferred income	850	834

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	1,046,533	1,024,679
Other financial liabilities		389,689	406,635
		1,436,222	1,431,314

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	1,046,533	1,024,679