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Company Registration No. 00499978 (England and Wales)
London Commercial Investments Limited Unaudited accounts for the year ended 31 March 2024
London Commercial Investments Limited Unaudited accounts Contents
Page
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London Commercial Investments Limited Company Information for the year ended 31 March 2024
Directors
M A O'Shea S C O'Shea
Company Number
00499978 (England and Wales)
Registered Office
Nuffield House Nuffield Henley-On-Thames RG9 5SY
Accountants
Evolve Accounting and Tax Solutions Ltd Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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London Commercial Investments Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,173 
25,565 
Investment property
5,100,000 
5,100,000 
5,119,173 
5,125,565 
Current assets
Debtors
1,290,486 
1,495,995 
Cash at bank and in hand
74,171 
299,779 
1,364,657 
1,795,774 
Creditors: amounts falling due within one year
(395,958)
(842,046)
Net current assets
968,699 
953,728 
Total assets less current liabilities
6,087,872 
6,079,293 
Creditors: amounts falling due after more than one year
(1,070,505)
(1,118,505)
Provisions for liabilities
Deferred tax
(1,064,544)
(1,064,544)
Net assets
3,952,823 
3,896,244 
Capital and reserves
Called up share capital
10,000 
10,000 
Share premium
2,666 
2,666 
Profit and loss account
3,940,157 
3,883,578 
Shareholders' funds
3,952,823 
3,896,244 
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 17 July 2024 and were signed on its behalf by
M A O'Shea Director Company Registration No. 00499978
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London Commercial Investments Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
London Commercial Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 00499978. The registered office is Nuffield House, Nuffield, Henley-On-Thames, RG9 5SY.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
10% reducing balance
Fixtures & fittings
15% reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable 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 or loss.
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London Commercial Investments Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
345,344 
At 31 March 2024
345,344 
Depreciation
At 1 April 2023
319,779 
Charge for the year
6,392 
At 31 March 2024
326,171 
Net book value
At 31 March 2024
19,173 
At 31 March 2023
25,565 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
5,100,000 
At 31 March 2024
5,100,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,160 
6,603 
Amounts due from group undertakings etc.
1,242,326 
1,310,201 
Other debtors
40,000 
179,191 
1,290,486 
1,495,995 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
314,170 
503,038 
Taxes and social security
12,770 
278,916 
Other creditors
38,498 
30,892 
Accruals
30,520 
29,200 
395,958 
842,046 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,070,505 
1,118,505 
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London Commercial Investments Limited Notes to the Accounts for the year ended 31 March 2024
9
Transactions with related parties
At the Balance Sheet date an amount of £314,170 was due to Commercial Holdings Limited (2023: £273,312 ) Commercial Holdings Limited owns 100% of the shares of the company. A dividend of £Nil was paid to Commercial Holdings Limited during the year (2023:£1,200,000) At the Balance Sheet date an amount of £333,534 (2023: £348,534) was due from Dashwood Investments Limited, a fellow subsidiary of Commercial Holdings Limited. At the Balance Sheet date an amount of £908,792 (2023: £961,667) was due from Classic Car Sales Limited, a fellow subsidiary of Commercial Holdings Limited. All of the above loans are unsecured, interest free and repayable on demand, except for the loan to Dashwood Investments Limited which is repayable after more than one year. Included in other debtors is the sum of £Nil due from the directors (2023: £139,191).
10
Controlling party
The ultimate parent company is Commercial Holdings Limited, a company registered in England and Wales. The ultimate controlling party is M O'Shea, a director and shareholder of Commercial Holdings Limited.
11
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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