| Corbeagh Limited |
| Registered number: |
10202973 |
| Balance Sheet |
| as at 31 May 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
54,674 |
|
|
55,309 |
| Investments |
4 |
|
|
855,875 |
|
|
737,269 |
|
|
|
|
910,549 |
|
|
792,578 |
|
| Current assets |
| Debtors |
5 |
|
335,871 |
|
|
329,393 |
| Cash at bank and in hand |
|
|
60,325 |
|
|
32,455 |
|
|
|
396,196 |
|
|
361,848 |
|
| Creditors: amounts falling due within one year |
7 |
|
(71,187) |
|
|
(51,301) |
|
| Net current assets |
|
|
|
325,009 |
|
|
310,547 |
|
| Total assets less current liabilities |
|
|
|
1,235,558 |
|
|
1,103,125 |
|
|
| Provisions for liabilities |
|
|
|
(13,669) |
|
|
(13,828) |
|
|
| Net assets |
|
|
|
1,221,889 |
|
|
1,089,297 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
1,221,789 |
|
|
1,089,197 |
|
| Shareholders' funds |
|
|
|
1,221,889 |
|
|
1,089,297 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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. |
|
|
|
|
| Dr. Philip Sterrett |
| Director |
| Approved by the board on 15 October 2026 |
|
| Corbeagh Limited |
| Notes to the Accounts |
| for the year ended 31 May 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 the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Equipment, Fixtures & Fittings |
10% reducing balance |
|
Vehicles |
10% reducing balance |
|
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. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Fixtures and fittings |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 June 2025 |
16,960 |
|
46,490 |
|
63,450 |
|
Additions |
5,440 |
|
- |
|
5,440 |
|
At 31 May 2026 |
22,400 |
|
46,490 |
|
68,890 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2025 |
3,492 |
|
4,649 |
|
8,141 |
|
Charge for the year |
1,891 |
|
4,184 |
|
6,075 |
|
At 31 May 2026 |
5,383 |
|
8,833 |
|
14,216 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2026 |
17,017 |
|
37,657 |
|
54,674 |
|
At 31 May 2025 |
13,468 |
|
41,841 |
|
55,309 |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 June 2025 |
737,269 |
|
Additions |
118,606 |
|
|
At 31 May 2026 |
855,875 |
|
|
| 5 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
83,807 |
|
83,807 |
|
Other debtors |
252,064 |
|
245,586 |
|
|
|
|
|
|
335,871 |
|
329,393 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Investments held as current assets |
2026 |
|
2025 |
| £ |
£ |
|
Fair value |
|
|
|
|
|
|
|
|
|
|
Increase/(decrease) in fair value included in the profit and loss account for the financial year |
|
Unlisted investments |
14,886 |
|
5,942 |
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade creditors |
2,236 |
|
3,760 |
|
Taxation and social security costs |
64,096 |
|
42,573 |
|
Other creditors |
4,855 |
|
4,968 |
|
|
|
|
|
|
71,187 |
|
51,301 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Dr. Philip Sterrett |
|
Director's loan |
245,586 |
|
6,478 |
|
|
|
252,064 |
|
|
|
245,586 |
|
6,478 |
|
- |
|
252,064 |
|
|
|
|
|
|
|
|
|
|
The above loan was unsecured and repayable on demand. Interest was paid at the official rate. |
|
An amount of £6478.00 will be repaid to the company within 9 months of the 31st of May 2026. |
| 9 |
Other information |
|
|
Corbeagh Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
82 Vallance Road |
|
Wood Green |
|
London |
|
England |
|
N22 7UG |