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REGISTERED NUMBER: 01535986 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Commercial and Industrial Properties
Limited

Commercial and Industrial Properties
Limited (Registered number: 01535986)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Commercial and Industrial Properties
Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: D B H Flack





SECRETARY: D B H Flack





REGISTERED OFFICE: 4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX





REGISTERED NUMBER: 01535986 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

Commercial and Industrial Properties
Limited (Registered number: 01535986)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,100,038 1,100,075

CURRENT ASSETS
Debtors 6 100 100
Investments 7 226,887 224,750
Cash at bank 99,884 84,239
326,871 309,089
CREDITORS
Amounts falling due within one
year

8

6,011

6,706
NET CURRENT ASSETS 320,860 302,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,420,898

1,402,458

CREDITORS
Amounts falling due after more
than one year

9

(349,965

)

(349,965

)

PROVISIONS FOR LIABILITIES (22,052 ) (22,052 )
NET ASSETS 1,048,881 1,030,441

CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 12 270,253 270,253
Retained earnings 778,528 760,088
SHAREHOLDERS' FUNDS 1,048,881 1,030,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 July 2022 and were signed by:





D B H Flack - Director


Commercial and Industrial Properties
Limited (Registered number: 01535986)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Commercial and Industrial Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

No depreciation is provided on freehold and leasehold properties as they are investment properties.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 3 ) .

Commercial and Industrial Properties
Limited (Registered number: 01535986)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS
Freehold
and Long Fixtures
Leasehold and Computer
Property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2021
and 31 March 2022 1,100,000 10,747 2,277 1,113,024
DEPRECIATION
At 1 April 2021 - 10,672 2,277 12,949
Charge for year - 37 - 37
At 31 March 2022 - 10,709 2,277 12,986
NET BOOK VALUE
At 31 March 2022 1,100,000 38 - 1,100,038
At 31 March 2021 1,100,000 75 - 1,100,075

The properties were valued at 31 March 2021 by the Director, Mr D B H Flack FRICS.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 100 100

7. CURRENT ASSET INVESTMENTS
2022 2021
£    £   
Short term investments 191,387 189,250
Other 35,500 35,500
226,887 224,750
Market value of listed investments at 31 March 2022 - £ 226,887 (2021 - £ 224,750 ).

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 3,905 4,456
Other creditors 2,106 2,250
6,011 6,706

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 349,965 349,965

10. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Mortgage 349,965 349,965

The mortgage is secured against Apartment 504, 45 Holloway Road London N7 and 31 Norwich Road, Bournemouth.

Commercial and Industrial Properties
Limited (Registered number: 01535986)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary Shares £1 100 100

12. RESERVES
Revaluation
reserve
£   
At 1 April 2021
and 31 March 2022 270,253

13. ULTIMATE CONTROLLING PARTY

The controlling party is D B H Flack.