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REGISTERED NUMBER: 13223335 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Exclusive Commercial Property Limited

Exclusive Commercial Property Limited (Registered number: 13223335)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Exclusive Commercial Property Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: D Ayem





REGISTERED OFFICE: Unit 5 Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR





REGISTERED NUMBER: 13223335 (England and Wales)





ACCOUNTANTS: LJS Accounting Services (UK) Ltd
Unit 5, 1st Floor
Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR

Exclusive Commercial Property Limited (Registered number: 13223335)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
CURRENT ASSETS
Stocks 370,000 545,000
Debtors 4 129,798 720,720
Cash at bank 2,785 18,450
502,583 1,284,170
CREDITORS
Amounts falling due within one year 5 358,698 1,311,412
NET CURRENT ASSETS/(LIABILITIES) 143,885 (27,242 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,885

(27,242

)

CREDITORS
Amounts falling due after more than one
year

6

228,666

-
NET LIABILITIES (84,781 ) (27,242 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (84,881 ) (27,342 )
(84,781 ) (27,242 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 November 2024 and were signed by:



D Ayem - Director


Exclusive Commercial Property Limited (Registered number: 13223335)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Exclusive Commercial Property 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 1 (2023 - NIL ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors - 599,958
VAT 109,347 113,807
Deferred tax asset 20,451 6,955
129,798 720,720

Exclusive Commercial Property Limited (Registered number: 13223335)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors - 638,378
Amounts owed to group undertakings 17,910 21,330
Tax 541 541
Directors' current accounts 339,154 650,070
Accrued expenses 1,093 1,093
358,698 1,311,412

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans - 2-5 years 228,666 -