Silverfin false false 31/03/2024 01/04/2023 31/03/2024 J Laursen 28/09/2015 R C Neighbour 28/09/2015 23 August 2024 The principal activity of the company was that of letting and operating of own or leased property. 09796912 2024-03-31 09796912 bus:Director1 2024-03-31 09796912 bus:Director2 2024-03-31 09796912 2023-03-31 09796912 core:CurrentFinancialInstruments 2024-03-31 09796912 core:CurrentFinancialInstruments 2023-03-31 09796912 core:ShareCapital 2024-03-31 09796912 core:ShareCapital 2023-03-31 09796912 core:RetainedEarningsAccumulatedLosses 2024-03-31 09796912 core:RetainedEarningsAccumulatedLosses 2023-03-31 09796912 2023-04-01 2024-03-31 09796912 bus:FilletedAccounts 2023-04-01 2024-03-31 09796912 bus:SmallEntities 2023-04-01 2024-03-31 09796912 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09796912 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09796912 bus:Director1 2023-04-01 2024-03-31 09796912 bus:Director2 2023-04-01 2024-03-31 09796912 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 09796912 (England and Wales)

EXMOOR COMMERCIAL PROPERTY LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

EXMOOR COMMERCIAL PROPERTY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

EXMOOR COMMERCIAL PROPERTY LIMITED

BALANCE SHEET

As at 31 March 2024
EXMOOR COMMERCIAL PROPERTY LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 122,174 122,174
122,174 122,174
Current assets
Cash at bank and in hand 4 2,470 2,712
2,470 2,712
Creditors: amounts falling due within one year 5 ( 72,557) ( 78,398)
Net current liabilities (70,087) (75,686)
Total assets less current liabilities 52,087 46,488
Net assets 52,087 46,488
Capital and reserves
Called-up share capital 100 100
Profit and loss account 51,987 46,388
Total shareholders' funds 52,087 46,488

For the financial 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.

Directors' responsibilities:

The financial statements of Exmoor Commercial Property Limited (registered number: 09796912) were approved and authorised for issue by the Board of Directors on 23 August 2024. They were signed on its behalf by:

J Laursen
Director
EXMOOR COMMERCIAL PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
EXMOOR COMMERCIAL PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Exmoor Commercial Property Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 April 2023 122,174
As at 31 March 2024 122,174

4. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 2,470 2,712

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 1,609 1,699
Other creditors 70,948 76,699
72,557 78,398