Company Registration No. 04773562 (England and Wales)
Commercial Holdings Limited
Unaudited accounts
for the year ended 31 March 2021
Commercial Holdings Limited
Unaudited accounts
Contents
Commercial Holdings Limited
Company Information
for the year ended 31 March 2021
Company Number
04773562 (England and Wales)
Registered Office
Timbers Cottage Barn
Timber Lane
Nuffield
Henley-on-Thames
RG9 5SY
United Kingdom
Accountants
Evolve Accounting and Tax Solutions Ltd
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
Commercial Holdings Limited
Statement of financial position
as at 31 March 2021
Investments
1,422,275
1,422,275
Creditors: amounts falling due within one year
(30,875)
(30,875)
Net current assets
256,048
257,261
Net assets
1,678,323
1,679,536
Called up share capital
100
100
Share premium
1,249,915
1,249,915
Profit and loss account
428,308
429,521
Shareholders' funds
1,678,323
1,679,536
For the year ending 31 March 2021 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.
The financial statements were approved by the Board and authorised for issue on 1 November 2021 and were signed on its behalf by
M O'Shea
Director
Company Registration No. 04773562
Commercial Holdings Limited
Notes to the Accounts
for the year ended 31 March 2021
Commercial Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 04773562. The registered office is Timbers Cottage Barn, Timber Lane, Nuffield, Henley-on-Thames, RG9 5SY, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 2020
1,422,275
Valuation at 31 March 2021
1,422,275
5
Debtors: amounts falling due within one year
2021
2020
Amounts due from group undertakings etc.
286,923
288,136
6
Creditors: amounts falling due within one year
2021
2020
Amounts owed to group undertakings and other participating interests
23,377
23,377
Loans from directors
3,900
3,900
Commercial Holdings Limited
Notes to the Accounts
for the year ended 31 March 2021
7
Transactions with related parties
At the Balance Sheet date included in other creditors is an amount of £3,900 due to the director M O'Shea (2020: £3,900).
During the year dividends of £65,000 (2020: £65,000) were paid to the director.
At the Balance Sheet date an amount of £276,923 was due from London Commercial Investments Limited (2020: £278,136 due to), a subsidiary of the company.
At the Balance Sheet date an amount of £23,337 (2020: £23,377) was due to Classic Car Sales Limited, a subsidiary of the company.
At the Balance Sheet date an amount of £10,000 (2020: £10,000) was due from Dashwood Investments Limited, a subsidiary of the company.
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 1 (2020: 1).