| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JUNE 2023 TO 30 MAY 2024 |
| FOR |
| CM COMMERCIAL INVESTMENTS LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JUNE 2023 TO 30 MAY 2024 |
| FOR |
| CM COMMERCIAL INVESTMENTS LIMITED |
| CM COMMERCIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 11704523) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JUNE 2023 TO 30 MAY 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| CM COMMERCIAL INVESTMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 JUNE 2023 TO 30 MAY 2024 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| 10 Stadium Business Court |
| Millennium Way |
| Pride Park |
| Derby |
| Derbyshire |
| DE24 8HP |
| CM COMMERCIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 11704523) |
| BALANCE SHEET |
| 30 MAY 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investment property | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| Net (liabilities)/assets | ( |
) |
| Capital and reserves |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| 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 were approved by the director and authorised for issue on |
| CM COMMERCIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 11704523) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JUNE 2023 TO 30 MAY 2024 |
| 1. | STATUTORY INFORMATION |
| CM Commercial Investments Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts have been rounded to the nearest £. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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 - 25% 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 the profit or loss statement. |
| The directors have considered the fair value of investment property at the reporting date to be £946,861. This fair value has been calculated based on historical purchase price and review of trends in the property market. No professional valuation has been obtained. The methods and significant assumptions applied in determining the fair value of the investment property include consideration of property trends and recent property sales local to the investment property, rental yield, and the condition of the property. |
| Taxation |
| Taxation for the period comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| CM COMMERCIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 11704523) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JUNE 2023 TO 30 MAY 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| Cost |
| At 1 June 2023 |
| Additions |
| At 30 May 2024 |
| Depreciation |
| At 1 June 2023 |
| Charge for period |
| At 30 May 2024 |
| Net book value |
| At 30 May 2024 |
| At 31 May 2023 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| Fair value |
| At 1 June 2023 |
| Additions |
| At 30 May 2024 |
| Net book value |
| At 30 May 2024 |
| At 31 May 2023 |
| The historical cost of the investment property held at the year end was £847,225 (2023: £545,699). |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Other creditors |
| Accruals and deferred income | 43,896 | 1,117 |
| Directors' loan accounts | 77,207 | 37,051 |
| CM COMMERCIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 11704523) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JUNE 2023 TO 30 MAY 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued |
| Bank loans are secured by fixed and floating charged over the assets of the company, including charges over the freehold property. |
| All mortgages are interest only, with the capital repayable at the end of the agreed term. Each mortgage is secured over the property to which it relates. |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans > 5 years | 337,078 | 101,272 |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans > 5 years |
| Bank loans are secured by fixed and floating charged over the assets of the company, including charges over the freehold property. |
| All mortgages are interest only, with the capital repayable at the end of the agreed term. Each mortgage is secured over the property to which it relates. |
| 9. | RELATED PARTY DISCLOSURES |
| At the year end, the following balances were owed to related parties and included in Other Creditors and Accruals: |
| 2024 | 2023 |
| Monkey vs Owl Ltd | £126,936 | £84,000 |
| Input Group | £3,000 | £nil |
| At the year end, the following balances were owed by related parties and included in Other Debtors: |
| 2024 | 2023 |
| Mojo Propco | £1,000 | £nil |