OVAL COMMERCIAL INVESTMENTS LIMITED

Company Registration Number:
06522900 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

OVAL COMMERCIAL INVESTMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

OVAL COMMERCIAL INVESTMENTS LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 2,407,593 1,865,854
Total fixed assets: 2,407,593 1,865,854
Current assets
Stocks: 327,097 327,097
Debtors: 4 346,329 468,821
Cash at bank and in hand: 9 43
Total current assets: 673,435 795,961
Creditors: amounts falling due within one year: 5 (898,133) (734,940)
Net current assets (liabilities): (224,698) 61,021
Total assets less current liabilities: 2,182,895 1,926,875
Creditors: amounts falling due after more than one year: 6 (1,001,112) (1,316,100)
Total net assets (liabilities): 1,181,783 610,775
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:7627,47685,737
Profit and loss account: 554,207 524,938
Shareholders funds: 1,181,783 610,775

The notes form part of these financial statements

OVAL COMMERCIAL INVESTMENTS LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 March 2024
and signed on behalf of the board by:

Name: Alan Geoffrey Broadway
Status: Director

The notes form part of these financial statements

OVAL COMMERCIAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

OVAL COMMERCIAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

OVAL COMMERCIAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 1,865,854
Revaluations 541,739
At 31 December 2023 2,407,593
Net book value
At 31 December 2023 2,407,593
At 31 December 2022 1,865,854

OVAL COMMERCIAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 346,329 468,821

OVAL COMMERCIAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

Bank loan and overdraft : £ 15,163, Trade creditors : £ 676,657, Other creditors : £ 32,640 & Related party : £ 173,673 (Total £ 898,133)

OVAL COMMERCIAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

The properties and plots owned by the company have first charges in favour of Aldermore bank PLC and Interbay PLC (£ 1,001,113)

OVAL COMMERCIAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Revaluation reserve

2023
£
Balance at 01 January 2023 85,737
Surplus or deficit after revaluation 541,739
Balance at 31 December 2023 627,476

OVAL COMMERCIAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Related party transactions

Name of the related party: Oval Estates (Bath) Limited
Relationship:
Oval Estates (Bath) Limited is the parent company.
Description of the Transaction: As at 31st December 2023, Oval Commercial Investments Ltd owed Oval Estates (Bath) Limited £ 173,673 (2022: 20,753). This is enclosed under creditors.
£
Balance at 01 January 2023 20,753
Balance at 31 December 2023 173,673