Commercial Holdings Limited

Commercial Holdings Limited

COMMERCIAL HOLDINGS LIMITED - Company Information

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1 April 2018 false No description of principal activity Taxfiler 2019.11.Web 04773562business:PrivateLimitedCompanyLtd2018-04-012019-03-31 047735622018-03-31 047735622018-04-012019-03-31 04773562business:AuditExempt-NoAccountantsReport2018-04-012019-03-31 04773562business:FullAccounts2018-04-012019-03-31 047735622019-03-31 04773562business:Director12018-04-012019-03-31 04773562business:RegisteredOffice2018-04-012019-03-31 047735622018-03-31 04773562core:WithinOneYear2019-03-31 04773562core:WithinOneYear2018-03-31 04773562core:ShareCapital2019-03-31 04773562core:ShareCapital2018-03-31 04773562core:SharePremium2019-03-31 04773562core:SharePremium2018-03-31 04773562core:RetainedEarningsAccumulatedLosses2019-03-31 04773562core:RetainedEarningsAccumulatedLosses2018-03-31 04773562business:SmallEntities2018-04-012019-03-31 04773562countries:EnglandWales2018-04-012019-03-31 047735622017-04-012018-03-31 iso4217:GBP xbrli:pure
Company Registration No. 04773562 (England and Wales)
Commercial Holdings Limited Unaudited accounts for the year ended 31 March 2019
Commercial Holdings Limited Unaudited accounts Contents
Page
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Commercial Holdings Limited Company Information for the year ended 31 March 2019
Director
M O'Shea
Company Number
04773562 (England and Wales)
Registered Office
Suite 3 Queen Ann House, Broadway Maidenhead Berkshire SL6 1LY
Accountants
Evolve Accounting and Tax Solutions Ltd Congress House 14 Lyon Road Harrow HA1 2EN
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Commercial Holdings Limited Statement of financial position as at 31 March 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Investments
4
1,422,275 
1,422,275 
Current assets
Debtors
5
59,336 
10,000 
Creditors: amounts falling due within one year
6
(37,075)
(212,739)
Net current assets/(liabilities)
22,261 
(202,739)
Net assets
1,444,536 
1,219,536 
Capital and reserves
Called up share capital
100 
100 
Share premium
1,249,915 
1,249,915 
Profit and loss account
194,521 
(30,479)
Shareholders' funds
1,444,536 
1,219,536 
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 17 December 2019.
M O'Shea Director Company Registration No. 04773562
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Commercial Holdings Limited Notes to the Accounts for the year ended 31 March 2019
1
Statutory information
Commercial Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 04773562. The registered office is Suite 3, Queen Ann House, Broadway, Maidenhead, Berkshire, SL6 1LY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Valuation of Investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each Balance Sheet date. Gains ans losses on remeasurement are recognised in the statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2018
1,422,275 
Valuation at 31 March 2019
1,422,275 
5
Debtors
2019 
2018 
£ 
£ 
Amounts due from group undertakings etc.
59,336 
10,000 
6
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Amounts owed to group undertakings and other participating interests
- 
207,941 
Other creditors
32,875 
598 
Accruals
4,200 
4,200 
37,075 
212,739 
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Commercial Holdings Limited Notes to the Accounts for the year ended 31 March 2019
7
Transactions with related parties
At the Balance Sheet date included in other creditors is an amount of £9,498 due to the director M O'Shea (2018: £598). During the year dividends of £75,000 (2018: £85,000) were paid to the director. At the Balance Sheet date an amount of £49,336 was due from London Commercial Investments Limited (2018: £189,564 due to), a subsidiary of the company. At the Balance Sheet date an amount of £23,376 (2018: £18,376) was due to Classic Car Sales Limited, a subsidiary of the company. At the Balance Sheet date an amount of £10,000 (2018: £10,000) was due from Dashwood Investments Limited, a subsidiary of the company.
8
Controlling party
The ultimate controlling party is M O'Shea, a director and shareholder of the company.
9
Average number of employees
During the year the average number of employees was 2 (2018: 2).
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