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REGISTERED NUMBER: 11834551 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

ONE HUNDRED COMMERCIAL LIMITED

ONE HUNDRED COMMERCIAL LIMITED (REGISTERED NUMBER: 11834551)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ONE HUNDRED COMMERCIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A Hassan
M R Ison





REGISTERED OFFICE: 1 Pindar Road
Hoddesdon
Hertfordshire
EN11 0BZ





REGISTERED NUMBER: 11834551 (England and Wales)





ACCOUNTANTS: Affinia (Halstead)
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

ONE HUNDRED COMMERCIAL LIMITED (REGISTERED NUMBER: 11834551)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,635 18,294
Investment property 5 8,800,000 6,600,000
8,814,635 6,618,294

CURRENT ASSETS
Debtors 6 78,500 88,940
Cash at bank and in hand 3,911 26,945
82,411 115,885
CREDITORS
Amounts falling due within one year 7 1,183,320 5,570,519
NET CURRENT LIABILITIES (1,100,909 ) (5,454,634 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,713,726 1,163,660

CREDITORS
Amounts falling due after more than one
year

8

(5,582,540

)

(652,626

)

PROVISIONS FOR LIABILITIES (529,113 ) (128,500 )
NET ASSETS 1,602,073 382,534

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,601,973 382,434
1,602,073 382,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

ONE HUNDRED COMMERCIAL LIMITED (REGISTERED NUMBER: 11834551)

BALANCE SHEET - continued
30 JUNE 2024


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 27 March 2025 and were signed on its behalf by:





A Hassan - Director


ONE HUNDRED COMMERCIAL LIMITED (REGISTERED NUMBER: 11834551)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

One Hundred Commercial 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 2 (2023 - 2 ) .

ONE HUNDRED COMMERCIAL LIMITED (REGISTERED NUMBER: 11834551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 43,750
DEPRECIATION
At 1 July 2023 25,456
Charge for year 3,659
At 30 June 2024 29,115
NET BOOK VALUE
At 30 June 2024 14,635
At 30 June 2023 18,294

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 6,600,000
Revaluations 2,200,000
At 30 June 2024 8,800,000
NET BOOK VALUE
At 30 June 2024 8,800,000
At 30 June 2023 6,600,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2022 1,328,518
Valuation in 2024 2,200,000
Cost 5,271,482
8,800,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 5,271,482 5,271,482
Aggregate depreciation (527,148 ) (421,718 )

Investment property was valued on an open market basis on 22 December 2023 by Eddisons .

ONE HUNDRED COMMERCIAL LIMITED (REGISTERED NUMBER: 11834551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 78,500 88,940

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,136 4,916,130
Taxation and social security - 304
Other creditors 1,172,184 654,085
1,183,320 5,570,519

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 5,582,540 652,626

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 5,593,676 5,568,756

The bank loans are secured on the property owned by the company.

10. RELATED PARTY DISCLOSURES

As at the balance sheet date the company was owed £78,000 (2023: £78,000) from companies under common control.

As at the balance sheet date the company owed £1,165,985 (2023: £650,985) to a company under common control.