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REGISTERED NUMBER: 06857511 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Commercial Real Estate Management
Limited

Commercial Real Estate Management
Limited (Registered number: 06857511)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Commercial Real Estate Management
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Mussarat
Mrs C Allen
B G Eades
D W Tracey





REGISTERED OFFICE: Universal Square
Building 2
3rd Floor
Devonshire Street North
Manchester
M12 6JH





REGISTERED NUMBER: 06857511 (England and Wales)





ACCOUNTANTS: Uppal & Warr
Chartered Accountants
452 Manchester Road
Heaton Chapel
Stockport
SK4 5DL

Commercial Real Estate Management
Limited (Registered number: 06857511)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,800 33,066
Tangible assets 5 - 18,797
24,800 51,863

CURRENT ASSETS
Debtors 6 3,224,566 11,430,816
Cash in hand 100 100
3,224,666 11,430,916
CREDITORS
Amounts falling due within one year 7 4,197,275 12,475,209
NET CURRENT LIABILITIES (972,609 ) (1,044,293 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(947,809

)

(992,430

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (947,909 ) (992,530 )
SHAREHOLDERS' FUNDS (947,809 ) (992,430 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 24 December 2024 and were signed on its behalf by:



Mrs C Allen - Director


Commercial Real Estate Management
Limited (Registered number: 06857511)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Commercial Real Estate Management 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 50% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 185 (2023 - 169 ) .

Commercial Real Estate Management
Limited (Registered number: 06857511)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2023
and 31 March 2024 144,135
AMORTISATION
At 1 April 2023 111,069
Amortisation for year 8,266
At 31 March 2024 119,335
NET BOOK VALUE
At 31 March 2024 24,800
At 31 March 2023 33,066

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 April 2023 3,000 100,608 103,608
Disposals (3,000 ) - (3,000 )
At 31 March 2024 - 100,608 100,608
DEPRECIATION
At 1 April 2023 - 84,811 84,811
Charge for year - 15,797 15,797
At 31 March 2024 - 100,608 100,608
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 3,000 15,797 18,797

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,388,943 799,736
Other debtors 1,835,623 10,631,080
3,224,566 11,430,816

Commercial Real Estate Management
Limited (Registered number: 06857511)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 2,201,769 2,197,676
Trade creditors 263,216 320,191
Taxation and social security 392,652 527,766
Other creditors 1,339,638 9,429,576
4,197,275 12,475,209

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 (992,530 )
Profit for the year 44,621
At 31 March 2024 (947,909 )