Registered number
07760466
East & West Commercial Limited
Filleted Accounts
For the year ended
31 July 2024
KHMM LTD T/A KHMM
Chartered Management Accountants
Unit 7-8 Wing Yip Business Centre
395 Edgware Road
London
NW2 6LN
Tel: 0208 208 2085
East & West Commercial Limited
Registered number: 07760466
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,383,805 10,163,297
Current assets
Debtors 4 484,190 646,806
Cash at bank and in hand 173,977 123,706
658,167 770,512
Creditors: amounts falling due within one year 5 (29,835) (52,809)
Net current assets 628,332 717,703
Total assets less current liabilities 11,012,137 10,881,000
Creditors: amounts falling due after more than one year 6 (2,322,861) (2,416,953)
Provisions for liabilities (574,202) (519,075)
Net assets 8,115,074 7,944,972
Capital and reserves
Called up share capital 100 100
Profit and loss account 7 8,114,974 7,944,872
Shareholders' funds 8,115,074 7,944,972
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MR CHU TING TANG
Director
Approved by the board on 12 March 2025
East & West Commercial Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss, and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts. Revenue is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Motor vehicle 19% per annum on cost
Investment Property
Investment properties are those used solely to earn rentals and/or for capital appreciation. Investment properties are measured initially at cost. They are not depreciated but are revalued annually according to market conditions.Changes in fair value are included in the profit and loss account.
Financial instruments
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other operating expenses.

All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. The effective interest rate amortisation is included in finance revenue in the income statement.

The company does not hold or issue derivative financial instruments for trading purpose.

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Freehold improvement Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 10,050,000 23,000 100,070 10,173,070
Additions - - 126,876 126,876
Surplus on revaluation 200,000 - - 200,000
Disposals - - (100,070) (100,070)
At 31 July 2024 10,250,000 23,000 126,876 10,399,876
Depreciation
At 1 August 2023 - - 9,773 9,773
Charge for the year - - 16,071 16,071
On disposals - - (9,773) (9,773)
At 31 July 2024 - - 16,071 16,071
Net book value
At 31 July 2024 10,250,000 23,000 110,805 10,383,805
At 31 July 2023 10,050,000 23,000 90,297 10,163,297
Freehold land and buildings: 2024 2023
£ £
Historical cost 7,000,000 7,000,000
Cumulative depreciation based on historical cost - -
7,000,000 7,000,000
The director has revalued the freehold investment property during the reporting period based on the market value, and believed it is reasonable revalue the property to £10,250,000 with a £200,000 increase.
4 Debtors 2024 2023
£ £
Other debtors 484,190 646,806
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 11,033 9,728
Taxation and social security costs 3,201 25,091
Other creditors 15,601 17,990
29,835 52,809
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,241,558 2,351,559
Obligations under finance lease and hire purchase contracts 81,303 65,394
2,322,861 2,416,953
7 Profit and loss account 2024 2023
£ £
Undistributable - reclassification from revaluation reserve 3,250,000 3,050,000
Distributable Profit and loss 4,864,974 4,894,872
8,114,974 7,944,872
8 Events after the reporting date
No significant events have taken place since the end of the year.
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
MR CHU TING TANG
[Loan] 91,646 14,727 (3,565) 102,808
91,646 14,727 (3,565) 102,808
10 Related party transactions
There were no other transactions with the Director or other Related Parties during the year.
11 Other information
East & West Commercial Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 Wing Yip Business Centre
395 Edgeware Road
London
NW2 6LN
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