Company No: 11427457 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	1,954,732		2,259,987
		1,954,732		2,259,987
Current assets
Debtors	4	4,976		48,191
Cash at bank and in hand		45,280		191,998
		50,256		240,189
Creditors: amounts falling due within one year	5	( 2,076,755)		( 2,329,298)
Net current liabilities		(2,026,499)		(2,089,109)
Total assets less current liabilities		(71,767)		170,878
Provision for liabilities		( 18,160)		( 30,885)
Net (liabilities)/assets		( 89,927)		139,993
Capital and reserves
Called-up share capital	6	100		100
Profit and loss account		( 90,027 )		139,893
Total shareholders' (deficit)/funds		( 89,927)		139,993

For the financial year ending 31 March 2026 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Corton Holdings Limited (registered number: 11427457) were approved and authorised for issue by the Board of Directors on 07 October 2026. They were signed on its behalf by:

Mr R M Browning Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Corton Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is First Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £89,927. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than land and buildings, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	15 % reducing balance
Fixtures and fittings	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 April 2025	2,155,940		111,249		19,019		2,286,208
Additions	53,114		17,230		800		71,144
Disposals	( 1,585)		0		0		( 1,585)
At 31 March 2026	2,207,469		128,479		19,819		2,355,767
Accumulated depreciation
At 01 April 2025	0		21,080		5,141		26,221
Charge for the financial year	0		15,679		3,569		19,248
Impairment losses	307,469		38,202		9,895		355,566
At 31 March 2026	307,469		74,961		18,605		401,035
Net book value
At 31 March 2026	1,900,000		53,518		1,214		1,954,732
At 31 March 2025	2,155,940		90,169		13,878		2,259,987

Investment properties

Included within the net book value of land and buildings is £1,900,000 (2025: £2,155,940) in respect of freehold property. This has been valued by the directors on an open market basis.

4. Debtors

	2026		2025
	£		£
Trade debtors	1,944		20,037
Amounts owed by joint ventures	3,032		3,032
VAT recoverable	0		25,122
	4,976		48,191

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	60		9,614
Amounts owed to directors	2,032,196		2,301,951
Accruals	1,851		1,767
Corporation tax	41,025		15,966
Other taxation and social security	1,623		0
	2,076,755		2,329,298

6. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
99 Ordinary A shares of £ 1.00 each	99		99
1 Ordinary B share of £ 1.00	1		1
	100		100

7. Related party transactions

During the year, the company charged rent of £102,000 (2025 - £102,000) and made sales of £108,000 (2025 - £108,000) to Gravity Industries Limited, a company in which the directors, are also directors and shareholders. At the end of the period, £3,048 (2025 - £22,333) was due from Gravity Industries Limited.