Company No: 06324774 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	37,000		37,000
Tangible assets	4	15,637		17,587
		52,637		54,587
Current assets
Stocks	5	550,304		525,270
Debtors
- due within one year	6	339,330		224,083
- due after more than one year	6	1,239,220		1,319,101
Cash at bank and in hand		646,665		396,106
		2,775,519		2,464,560
Creditors: amounts falling due within one year	7	( 340,704)		( 491,274)
Net current assets		2,434,815		1,973,286
Total assets less current liabilities		2,487,452		2,027,873
Provision for liabilities		( 8,599)		( 8,784)
Net assets		2,478,853		2,019,089
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		2,478,753		2,018,989
Total shareholders' funds		2,478,853		2,019,089

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 Corporate Recovery Specialists Limited (registered number: 06324774) were approved and authorised for issue by the Director on 25 November 2025. They were signed on its behalf by:

Mr C Parkman 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

Corporate Recovery Specialists 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 Suite 4 Portfolio House, 3 Princes Street, Dorchester, DT1 1TP, United Kingdom. The principal place of business is 5a Kernick Industrial Estate, Penryn, Nr Falmouth, Cornwall, TR10 9EP.

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 £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	10 years straight line
Development costs	not amortised

Research and development

Amortisation will be charged so as to write off the cost of assets, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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 investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life.

Land and buildings	20 years straight line
Fixtures and fittings	6.5 years straight line
Office equipment	6.5 years straight line

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.

Stocks

Work in progress is stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes direct expenditure and an appropriate proportion of overheads incurred in delivering services. Provision is made where necessary for work that is unlikely to be recovered.

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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	12		12

3. Intangible assets

	Goodwill		Development costs		Total
	£		£		£
Cost
At 01 April 2024	250,791		37,000		287,791
At 31 March 2025	250,791		37,000		287,791
Accumulated amortisation
At 01 April 2024	250,791		0		250,791
At 31 March 2025	250,791		0		250,791
Net book value
At 31 March 2025	0		37,000		37,000
At 31 March 2024	0		37,000		37,000

4. Tangible assets

	Land and buildings		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 April 2024	11,766		39,587		108,974		160,327
Additions	0		0		1,499		1,499
At 31 March 2025	11,766		39,587		110,473		161,826
Accumulated depreciation
At 01 April 2024	3,128		38,604		101,008		142,740
Charge for the financial year	588		193		2,668		3,449
At 31 March 2025	3,716		38,797		103,676		146,189
Net book value
At 31 March 2025	8,050		790		6,797		15,637
At 31 March 2024	8,638		983		7,966		17,587

5. Stocks

	2025		2024
	£		£
Work in progress	550,304		525,270

6. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Trade debtors	135,195		120,425
Amounts owed by director	76,329		0
Prepayments	20,637		9,817
Other debtors	107,169		93,841
	339,330		224,083
Debtors: amounts falling due after more than one year
Other debtors	1,239,220		1,319,101

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	4,621		2,492
Corporation tax	211,458		223,418
Other taxation and social security	119,257		66,125
Other creditors	5,368		199,239
	340,704		491,274

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
96 Ordinary A shares of £ 1.00 each	96		96
2 Ordinary B shares of £ 1.00 each	2		2
1 Ordinary C share of £ 1.00	1		1
1 Ordinary D share of £ 1.00	1		1
	100		100

9. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Loan to a director, repayable on demand	0		0
Advances made during the year	231,251		0
Repayments made during the year	(154,922)		0
Balance carried forward	76,329		0

Interest has been charged on any balance outstanding during the year in excess of £10,000 at HMRC's official rate of interest.

Other related party transactions

	2025		2024
	£		£
Parkmans Property Limited	1,170,015		1,187,095
Aimbest	84,000		132,000

The company has lent funds to other related parties. The amounts due within 1 year is £47,375 (2024 - £44,995) and for more than 1 year is £1,206,640 (2024 - £1,274,100). Interest is being charged at various rates between 1% to 4.5%.