REGISTERED NUMBER: 05117129 (England and Wales)

Cornerstone (East Anglia) Ltd

Unaudited Financial Statements

for the year ended

31 January 2026

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

8

FIXED ASSETS

Tangible assets

4

379,178

381,891

Investments

5

37,000

280,000

416,178

661,891

CURRENT ASSETS

Stocks

185,883

-

Debtors

6

5,570,075

2,389,200

Cash at bank

1,319,864

1,409,382

7,075,822

3,798,582

CREDITORS

Amounts falling due within one year

7

(3,321,042

)

(1,506,455

)

NET CURRENT ASSETS

3,754,780

2,292,127

TOTAL ASSETS LESS CURRENT LIABILITIES

4,170,958

2,954,018

CREDITORS

Amounts falling due after more than one year

8

(98,895

)

(98,846

)

PROVISIONS FOR LIABILITIES

(73,108

)

(70,726

)

NET ASSETS

3,998,955

2,784,446

CAPITAL AND RESERVES

Called up share capital

11

110

3,110

Retained earnings

3,998,845

2,781,336

SHAREHOLDERS' FUNDS

3,998,955

2,784,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 27 October 2026 and were signed on its behalf by:

T J W Eden - Director

1.	STATUTORY INFORMATION

Cornerstone (East Anglia) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05117129

Registered office:

Unit 2 - 4

Fuller Road

Harleston

Norfolk

IP20 9EA

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are stated at cost less accumulated impairment losses. Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable.

Subsequent to the year end, the Company disposed of its shareholding in the subsidiary undertaking.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2025 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

17,498

17,006

562,296

23,477

620,277

Additions

1,100

7,256

134,000

2,348

144,704

Disposals

-

-

(105,080

)

-

(105,080

)

At 31 January 2026

18,598

24,262

591,216

25,825

659,901

DEPRECIATION

At 1 February 2025

9,748

13,726

195,476

19,436

238,386

Charge for year

1,245

1,036

101,359

812

104,452

Eliminated on disposal

-

-

(62,115

)

-

(62,115

)

At 31 January 2026

10,993

14,762

234,720

20,248

280,723

NET BOOK VALUE

At 31 January 2026

7,605

9,500

356,496

5,577

379,178

At 31 January 2025

7,750

3,280

366,820

4,041

381,891

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 February 2025

295,543

Additions

99,800

Disposals

(49,800

)

Transfer to ownership

(15,950

)

At 31 January 2026

329,593

DEPRECIATION

At 1 February 2025

74,871

Charge for year

59,326

Eliminated on disposal

(34,043

)

Transfer to ownership

(11,660

)

At 31 January 2026

88,494

NET BOOK VALUE

At 31 January 2026

241,099

At 31 January 2025

220,672

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2025

280,000

Impairments

(243,000

)

At 31 January 2026

37,000

NET BOOK VALUE

At 31 January 2026

37,000

At 31 January 2025

280,000

During the year, the company reviewed the carrying value of its investment in its subsidiary undertaking. Following this review, an impairment charge of £243,000 was recognised, reducing the carrying value of the investment to its estimated recoverable amount of £37,000.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

3,481,742

655,128

Other debtors

2,088,333

1,734,072

5,570,075

2,389,200

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

3,333

10,000

Hire purchase contracts (see note 9)

83,942

67,986

Trade creditors

2,216,670

483,461

Taxation and social security

700,363

586,707

Other creditors

316,734

358,301

3,321,042

1,506,455

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

3,334

Hire purchase contracts (see note 9)

98,895

95,512

98,895

98,846

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

83,942

67,986

Between one and five years

98,895

95,512

182,837

163,498

Non-cancellable

operating leases

2026

2025

£

£

Within one year

17,250

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

182,837

163,498

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

10

B Ordinary

£1

10

10

110

110

Allotted and issued:

Number:

Class:

Nominal

2026

2025

value:

£

£

NIL

E Shares

£0.10

-

3,000

During the year, the Company reduced its share capital by way of a reduction of capital supported by a directors' solvency statement. As part of the reduction, 300,000 Class E shares of £0.01 each were cancelled, reducing the issued share capital by £3,000. In accordance with the special resolution, the amount arising on the reduction was returned to the holders of the Class E shares.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

2026

2025

£

£

T J W Eden

Balance outstanding at start of year

261,699

159,717

Amounts advanced

-

101,982

Amounts repaid

(222,984

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

38,715

261,699

A L Mullin

Balance outstanding at start of year

342,306

208,535

Amounts advanced

-

133,771

Amounts repaid

(219,655

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

122,651

342,306

The above loans are being charged interest at the official rate and have no set repayment terns.

13.	RELATED PARTY DISCLOSURES

At the reporting date, £242,362 (2025 - £554,158) was outstanding in terms of loans to participators, classified as related parties under FRS 102A.

The loans are repayable on demand and interest has been charged at the official rate.

14.	POST BALANCE SHEET EVENTS

On 14 October 2026, the company disposed of its shareholding in an investment company to the directors at market value. The disposal took place after the reporting date of 31 January 2026 and has not been reflected in these financial statements.