Registered number: 09067790 | ||||||||
FOR THE YEAR ENDED 30/06/2022 | ||||||||
Prepared By: | ||||||||
IUVO Services Limited | ||||||||
Chartered Accountants | ||||||||
10 The Crescent | ||||||||
Little Leighs | ||||||||
Chelmsford | ||||||||
Essex | ||||||||
CM3 1LY |
Commercial Finance Practice Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/06/2022 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 09067790 | ||||||||
ACCOUNTANTS | ||||||||
IUVO Services Limited | ||||||||
Chartered Accountants | ||||||||
10 The Crescent | ||||||||
Little Leighs | ||||||||
Chelmsford | ||||||||
Essex | ||||||||
CM3 1LY |
Commercial Finance Practice Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/06/2022 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Commercial Finance Practice Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2022 | 2021 | |||||||||
Notes | £ | £ | ||||||||
CURRENT ASSETS | ||||||||||
Current Asset Investments | 3 | |||||||||
Cash at bank and in hand | ||||||||||
16,417 | 195,472 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT ASSETS | 99,285 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 5 | - | 54,870 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 | |||||||||
Profit and loss account | 12,440 | 44,412 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Commercial Finance Practice Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/06/2022 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
2. EMPLOYEES | ||||||
2022 | 2021 | |||||
No. | No. | |||||
Average number of employees | - | |||||
3. CURRENT ASSET INVESTMENTS | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
Other investments | - | 180,000 | ||||||
The company invests in land projects where planning permission is being sought. One such investment held at a cost of £180,000 has failed to obtain the required permission and as a result the freehold will not now be acquired. The costs are irrecoverable and this has been written off to the profit and loss account in this period. | ||||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
Directors current account | - | 52,089 | ||||||
Trade creditors | 1,974 | - | ||||||
Other creditors | - | 42,098 | ||||||
Accruals | 2,000 | 2,000 | ||||||
3,974 | 96,187 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
Other creditors > 1yr | - | 54,870 | ||||||
- | 54,870 | |||||||
Commercial Finance Practice Limited | ||||||||
6. SHARE CAPITAL | 2022 | 2021 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
3 | 3 | |||||||
3 | 3 | |||||||
7. CONTROLLING PARTY | ||||||||
The company is controlled by its directors, N D Wood, J F Pearce and B A Welch. | ||||||||
8. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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