Silverfin false false 31/03/2024 01/04/2023 31/03/2024 F M Garvey 10/11/2021 T G Lewis 16/08/2021 A P Warwick-Smith 10/11/2021 02 December 2024 The principal activity of the company during the period was that of financial intermediation. 13567574 2024-03-31 13567574 bus:Director1 2024-03-31 13567574 bus:Director2 2024-03-31 13567574 bus:Director3 2024-03-31 13567574 core:CurrentFinancialInstruments 2024-03-31 13567574 core:CurrentFinancialInstruments 2023-03-31 13567574 core:Non-currentFinancialInstruments 2024-03-31 13567574 core:Non-currentFinancialInstruments 2023-03-31 13567574 2023-03-31 13567574 core:ShareCapital 2024-03-31 13567574 core:ShareCapital 2023-03-31 13567574 core:RetainedEarningsAccumulatedLosses 2024-03-31 13567574 core:RetainedEarningsAccumulatedLosses 2023-03-31 13567574 2023-04-01 2024-03-31 13567574 bus:FilletedAccounts 2023-04-01 2024-03-31 13567574 bus:SmallEntities 2023-04-01 2024-03-31 13567574 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13567574 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13567574 bus:Director1 2023-04-01 2024-03-31 13567574 bus:Director2 2023-04-01 2024-03-31 13567574 bus:Director3 2023-04-01 2024-03-31 13567574 2022-09-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 13567574 (England and Wales)

COMMERCIAL PROPERTY LENDING LTD

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

COMMERCIAL PROPERTY LENDING LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

COMMERCIAL PROPERTY LENDING LTD

BALANCE SHEET

As at 31 March 2024
COMMERCIAL PROPERTY LENDING LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024 31.03.2023
£ £
Current assets
Debtors
- due within one year 3 682,392 252,212
- due after more than one year 3 813,437 1,342,577
Cash at bank and in hand 162,994 166,591
1,658,823 1,761,380
Creditors: amounts falling due within one year 4 ( 857,426) ( 514,780)
Net current assets 801,397 1,246,600
Total assets less current liabilities 801,397 1,246,600
Creditors: amounts falling due after more than one year 5 ( 800,000) ( 1,245,000)
Net assets 1,397 1,600
Capital and reserves
Called-up share capital 100 100
Profit and loss account 1,297 1,500
Total shareholder's funds 1,397 1,600

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 Commercial Property Lending Ltd (registered number: 13567574) were approved and authorised for issue by the Board of Directors on 02 December 2024. They were signed on its behalf by:

T G Lewis
Director
COMMERCIAL PROPERTY LENDING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
COMMERCIAL PROPERTY LENDING LTD

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 period, unless otherwise stated.

General information and basis of accounting

Commercial Property Lending Ltd (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 41 Commercial Road, Poole, BH14 0HU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Reporting period length

The accounts have be prepared for the 6 months ended March 2023

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

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.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

Year ended
31.03.2024
Period from
01.09.2022 to
31.03.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Debtors

31.03.2024 31.03.2023
£ £
Debtors: amounts falling due within one year
Trade debtors 2,292 14,380
Corporation tax 48 0
Other debtors 680,052 237,832
682,392 252,212
Debtors: amounts falling due after more than one year
Other debtors 813,437 1,342,577

4. Creditors: amounts falling due within one year

31.03.2024 31.03.2023
£ £
Other loans 845,000 500,000
Accruals 12,426 14,416
Taxation and social security 0 352
Other creditors 0 12
857,426 514,780

5. Creditors: amounts falling due after more than one year

31.03.2024 31.03.2023
£ £
Other loans 800,000 1,245,000