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REGISTERED NUMBER: 10804278 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Cummings Commercial Holdings Limited

Cummings Commercial Holdings Limited (Registered number: 10804278)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cummings Commercial Holdings Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr A Cummings
Mr R H White





REGISTERED OFFICE: 54 Conduit Street
London
W1S 2YY





REGISTERED NUMBER: 10804278 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Cummings Commercial Holdings Limited (Registered number: 10804278)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £   
FIXED ASSETS
Investments 4 750,000 750,000

CREDITORS
Amounts falling due within one year 5 (556,433 ) (593,262 )
NET CURRENT LIABILITIES (556,433 ) (593,262 )
TOTAL ASSETS LESS CURRENT LIABILITIES 193,567 156,738

CREDITORS
Amounts falling due after more than one year 6 (44,961 ) (44,961 )
NET ASSETS 148,606 111,777

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 148,506 111,677
148,606 111,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:




Mr R H White - Director



Mr A Cummings - Director


Cummings Commercial Holdings Limited (Registered number: 10804278)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Cummings Commercial Holdings 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. ACCOUNTING POLICIES

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

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future which effects the position stated in the accounts.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Cummings Commercial Holdings Limited (Registered number: 10804278)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022
and 30 April 2023 750,000
NET BOOK VALUE
At 30 April 2023 750,000
At 30 April 2022 750,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Amounts owed to group undertakings 467,039 474,368
Other creditors 89,394 118,894
556,433 593,262

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Other creditors 44,961 44,961

7. RELATED PARTY DISCLOSURES

As at the period end the company owed £467,039 (2022: £474,368) to Cummings Commercial Limited. Cummings Commercial Limited is a wholly owned subsidiary of Cummings Commercial Holdings Limited.

8. ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no ultimate controlling party.