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REGISTERED NUMBER: 06500096 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Access Commercials (UK) Limited

Access Commercials (UK) Limited (Registered number: 06500096)






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

Report of the Accountants 10

Access Commercials (UK) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: B E Moseley





REGISTERED OFFICE: Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN





REGISTERED NUMBER: 06500096 (England and Wales)





ACCOUNTANTS: Sheridan Clarke Limited
2nd Floor Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN

Access Commercials (UK) Limited (Registered number: 06500096)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,839,508 1,303,812
Investments 5 100 100
Investment property 6 3,254,999 4,504,999
5,094,607 5,808,911

CURRENT ASSETS
Stocks 2,421,895 3,380,042
Debtors 7 2,472,140 2,285,784
Cash at bank and in hand 1,372,038 733,339
6,266,073 6,399,165
CREDITORS
Amounts falling due within one year 8 341,675 907,395
NET CURRENT ASSETS 5,924,398 5,491,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,019,005

11,300,681

CREDITORS
Amounts falling due after more than one
year

9

-

(3,948

)

PROVISIONS FOR LIABILITIES - (85,357 )
NET ASSETS 11,019,005 11,211,376

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 11 164,806 684,486
Retained earnings 10,853,199 10,525,890
SHAREHOLDERS' FUNDS 11,019,005 11,211,376

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 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.

Access Commercials (UK) Limited (Registered number: 06500096)

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 director and authorised for issue on 14 May 2025 and were signed by:





B E Moseley - Director


Access Commercials (UK) Limited (Registered number: 06500096)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Access Commercials (UK) 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

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.

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

Revenue is recognised when the customer has paid a deposit for the goods sold.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Land and buildingsNot depreciated
Improvements to property2% on cost
Plant and machinery15% on reducing balance
Fixtures and fittings15% on reducing balance
Motor vehiclesStraight line over 3 years

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Access Commercials (UK) Limited (Registered number: 06500096)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and 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 debtors and cash and bank balances, are initially measured at transaction cost. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and loans are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Commissions earned
The company earns commissions on the provision of finance to customers. For any sales made to customers where finance agreements are arranged, the company earns a commission based on the amount of finance provided. This is recognised when the finance arrangement has been finalised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Access Commercials (UK) Limited (Registered number: 06500096)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 560,663 1,545,146 2,105,809
Additions - 1,495,951 1,495,951
Disposals - (283,339 ) (283,339 )
At 30 June 2024 560,663 2,757,758 3,318,421
DEPRECIATION
At 1 July 2023 126,815 675,182 801,997
Charge for year 6,713 867,699 874,412
Eliminated on disposal - (197,496 ) (197,496 )
At 30 June 2024 133,528 1,345,385 1,478,913
NET BOOK VALUE
At 30 June 2024 427,135 1,412,373 1,839,508
At 30 June 2023 433,848 869,964 1,303,812

Included in cost of Freehold property is freehold land of £225,000 (2023: £225,000) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023 84,500
Transfer to ownership (63,000 )
At 30 June 2024 21,500
DEPRECIATION
At 1 July 2023 34,800
Charge for year 11,683
Transfer to ownership (31,138 )
At 30 June 2024 15,345
NET BOOK VALUE
At 30 June 2024 6,155
At 30 June 2023 49,700

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.6.24 30.6.23
£    £   
Investment in subsidiary 100 100

Access Commercials (UK) Limited (Registered number: 06500096)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 4,504,999
Disposals (1,250,000 )
At 30 June 2024 3,254,999
NET BOOK VALUE
At 30 June 2024 3,254,999
At 30 June 2023 4,504,999

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2021 164,805
Cost 3,090,194
3,254,999

If Investment properties had not been revalued they would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 3,090,194 3,820,513

Investment properties were valued on an open market basis on 3 September 2021 by Countrywide Commercial (UK) Limited .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 21,732 106,041
Other debtors 2,450,408 2,179,743
2,472,140 2,285,784

See note 16 for details of related party debtors within other debtors.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 4,722 7,686
Trade creditors 65,600 43,538
Taxation and social security 164,391 536,185
Other creditors 106,962 319,986
341,675 907,395

Access Commercials (UK) Limited (Registered number: 06500096)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts - 3,948

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 4,722 11,634

Liabilities owed on hire purchase contracts are secured on the assets that they finance.

11. RESERVES
Fair
value
reserve
£   
At 1 July 2023 684,486
Fair value reserve (519,680 )

At 30 June 2024 164,806

Amounts included in the Fair Value Reserve represent unrecognised gains on the revaluation of investment properties and are non-distributable.

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
B E Moseley
Balance outstanding at start of year 951,646 934,753
Amounts advanced 197,929 614,641
Amounts repaid (218,982 ) (597,748 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 930,593 951,646

13. RELATED PARTY DISCLOSURES

Included in other debtors is £1,235,700 (2023: £1,105,000) owed to the company by BMG London Limited, a company of which B E Moseley is a director and a 100% shareholder.There are no terms agreed and the loan is repayable on demand.

The company paid rent to the director of £120,000 (2023: £110,000) during the year.

Access Commercials (UK) Limited (Registered number: 06500096)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

14. ULTIMATE CONTROLLING PARTY

The controlling party is B E Moseley.

Access Commercials (UK) Limited

Report of the Accountants to the Director of
Access Commercials (UK) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on pages three to twelve and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Sheridan Clarke Limited
2nd Floor Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN


14 May 2025