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REGISTERED NUMBER: 09375943 (England and Wales)









UNITED COMMERCIAL INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2024 TO 30 SEPTEMBER 2024






UNITED COMMERCIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 09375943)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNITED COMMERCIAL INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024







DIRECTORS: G P Carpenter
W E Sinclair





SECRETARY: G P Carpenter





REGISTERED OFFICE: 8a Dunraven Place
Bridgend
Glamorgan
CF31 1JD





REGISTERED NUMBER: 09375943 (England and Wales)






UNITED COMMERCIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 09375943)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,508 3,953
Investment property 5 250,000 259,376
253,508 263,329

CURRENT ASSETS
Debtors 6 121,626 120,075
Cash at bank 22,096 13,909
143,722 133,984
CREDITORS
Amounts falling due within one year 7 13,035 8,782
NET CURRENT ASSETS 130,687 125,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,195

388,531

CREDITORS
Amounts falling due after more than one
year

8

(32,653

)

(36,174

)

PROVISIONS FOR LIABILITIES 11 (877 ) -
NET ASSETS 350,665 352,357

CAPITAL AND RESERVES
Called up share capital 12 10 10
Retained earnings 13 350,655 352,347
SHAREHOLDERS' FUNDS 350,665 352,357

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

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

UNITED COMMERCIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 09375943)

BALANCE SHEET - continued
30 SEPTEMBER 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 12 June 2025 and were signed on its behalf by:





G P Carpenter - Director


UNITED COMMERCIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 09375943)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

United Commercial Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Going concern
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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. In making his assessment, the director has reviewed the balance sheet, the likely future cashflows of the business and has considered the facilities that are available to the company along with his continued support.

At the date of approving the financial statements the Director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that the going concern basis of accounting remains appropriate. The directors continue to adopt the going concern basis of accounting in preparing the financial statements.

UNITED COMMERCIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 09375943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Significant judgements and estimates
In the application of the company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate id revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Useful economic lives of tangible assets - The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect the current estimate based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See notes for the carrying amount of the tangible fixed assets and accounting policies in note 1 for the useful economic lives of each class of asset.

Investment Properties
The fair value of investment properties is determined using professional valuation techniques, which are reviewed annually by management in accordance with FRS 102, Section 16. Where observable market data is available, it is incorporated into the valuation process. In the absence of such data, alternative methods, such as recent transaction prices, estimated rental income, and appropriate yield assumptions, are used.

Management assesses whether any factors could materially impact the fair value of investment properties, including changes in market conditions, occupancy rates, or expected rental income. Where such factors are identified, appropriate adjustments are made to the valuation, with any changes recognised in the income statement.

Given the inherent subjectivity in property valuations, actual outcomes may differ from estimates, and management regularly reviews key assumptions to ensure that valuations reflect current market conditions.

UNITED COMMERCIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 09375943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents rental income from investment properties and is recognised on an accruals basis, based on the agreed terms with tenants, even where no formal lease agreements exist. Rental income is recognised when it is receivable, provided that the amount can be measured reliably and it is probable that the economic benefits will flow to the company.

Where rental payments are informal or based on periodic agreements (e.g., rolling tenancies or short-term arrangements), income is recognised as earned, typically when payments become due. Any payments received in advance are deferred and recognised over the relevant period to which they relate.

If the company provides additional services to tenants, such as maintenance or utilities, the income related to these services is recognised when the service is provided and a contractual or constructive obligation exists for the tenant to pay.

All turnover is stated net of VAT, where applicable.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives:

Fixtures and fittings - 15% on reducing balance
Freehold property - not provided

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit and loss.

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.

UNITED COMMERCIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 09375943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments".
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets are liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, loans to related companies and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, loans to related companies and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Taxation
Taxation for the period 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 period 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.

UNITED COMMERCIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 09375943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Provision is not made for future operating losses.

Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as a finance cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024
and 30 September 2024 5,912
DEPRECIATION
At 1 January 2024 1,959
Charge for period 445
At 30 September 2024 2,404
NET BOOK VALUE
At 30 September 2024 3,508
At 31 December 2023 3,953

UNITED COMMERCIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 09375943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 259,376
Impairments (9,376 )
At 30 September 2024 250,000
NET BOOK VALUE
At 30 September 2024 250,000
At 31 December 2023 259,376

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 31.12.23
£    £   
Other debtors 121,626 120,075

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 31.12.23
£    £   
Bank loans and overdrafts (see note 9) 5,922 5,922
Trade creditors - 640
Taxation and social security 3,633 809
Other creditors 3,480 1,411
13,035 8,782

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 31.12.23
£    £   
Bank loans (see note 9) 32,653 36,174

9. LOANS

An analysis of the maturity of loans is given below:

30.9.24 31.12.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,922 5,922

UNITED COMMERCIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 09375943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024

9. LOANS - continued
30.9.24 31.12.23
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 32,653 36,174

10. SECURED DEBTS

Bank loans are secured by fixed charge over freehold property at 8 Dunraven Place, Bridgend.

11. PROVISIONS FOR LIABILITIES
30.9.24
£   
Deferred tax 877

Deferred
tax
£   
Balance at 1 January 2024 (90 )
Provided during period 967
Balance at 30 September 2024 877

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 31.12.23
value: £    £   
10 Ordinary £1 10 10

13. RESERVES
Retained
earnings
£   

At 1 January 2024 352,347
Deficit for the period (1,692 )
At 30 September 2024 350,655

UNITED COMMERCIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 09375943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 September 2024 and the year ended 31 December 2023:

30.9.24 31.12.23
£    £   
G P Carpenter
Balance outstanding at start of period 44,766 43,771
Amounts advanced 1,007 995
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 45,773 44,766

W E Sinclair
Balance outstanding at start of period 44,766 43,771
Amounts advanced 1,007 995
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 45,773 44,766

Interest is being charged at 2.25% per annum and there are no fixed repayment terms.

15. RELATED PARTY DISCLOSURES

During the period, the company made sales of £9,000 (2023: £12,000) and recharged expenses of £11,739 (2023: £19,700) to STS Commercial Limited. At the period end, an amount of £nil (2023: £nil) was due from STS Commercial Limited.

STS Commercial Limited has also provided a cross-company guarantee to Barclays Bank Plc in respect of the bank loans held by the company.

During the period, the company made sales of £4,500 (2023: £6,000) to New Phones Limited. At the period end, an amount of £nil (2023: £nil) was due from New Phones Limited.

Both companies are considered related parties due to common directors and control.

All the above balances are interest-free and repayable on demand.

16. CHANGE IN ACCOUNTING REFERENCE DATE

The company's accounting reference date has been changed from 31 December to 30 September. As a result, the financial statements cover a period of 9 months, from 1 January 2024 to 30 September 2024