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REGISTERED NUMBER: 01379846 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

COMMERCIAL BREAKS (LONDON) LIMITED

COMMERCIAL BREAKS (LONDON) LIMITED (REGISTERED NUMBER: 01379846)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

COMMERCIAL BREAKS (LONDON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: S A Carnegie





REGISTERED OFFICE: Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH





REGISTERED NUMBER: 01379846 (England and Wales)





ACCOUNTANTS: Xeinadin Swiss Cottage Limited
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

COMMERCIAL BREAKS (LONDON) LIMITED (REGISTERED NUMBER: 01379846)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 84 112
Investments 5 102 102
186 214

CURRENT ASSETS
Debtors 6 48,227 41,718
Cash at bank 10,546 46,975
58,773 88,693
CREDITORS
Amounts falling due within one year 7 42,714 52,958
NET CURRENT ASSETS 16,059 35,735
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,245

35,949

CREDITORS
Amounts falling due after more than one year 8 29,610 34,929
NET (LIABILITIES)/ASSETS (13,365 ) 1,020

CAPITAL AND RESERVES
Called up share capital 44 44
Capital redemption reserve 756 756
Retained earnings (14,165 ) 220
SHAREHOLDERS' FUNDS (13,365 ) 1,020

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

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

COMMERCIAL BREAKS (LONDON) LIMITED (REGISTERED NUMBER: 01379846)

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 Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 25 June 2025 and were signed by:





S A Carnegie - Director


COMMERCIAL BREAKS (LONDON) LIMITED (REGISTERED NUMBER: 01379846)

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


1. STATUTORY INFORMATION

Commercial Breaks (London) 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.

Going concern
Notwithstanding the company having net liabilities at the year end, the financial statements have been prepared on a going concern basis because it is the director's present intention to provide financial support to the company to enable it to pay is debts as they fall due for the foreseeable future.

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

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.

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

Improvement to Property - Straight line over 7 years
Studio Equipment- 20% on cost
Fixtures and fittings- 15% on reducing balance
Computer equipment- 25% on reducing balance

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within the profit and loss account.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

COMMERCIAL BREAKS (LONDON) LIMITED (REGISTERED NUMBER: 01379846)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Cash and cash equivalents
Cash includes cash in hand, deposits held with banks. Cash equivalents are highly liquid investments that are readily convertible to known amounts of cash with insignificant risk of change in value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits
The company operates a money purchase pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 October 2023
and 30 September 2024 833
DEPRECIATION
At 1 October 2023 721
Charge for year 28
At 30 September 2024 749
NET BOOK VALUE
At 30 September 2024 84
At 30 September 2023 112

COMMERCIAL BREAKS (LONDON) LIMITED (REGISTERED NUMBER: 01379846)

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


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 October 2023
and 30 September 2024 102
NET BOOK VALUE
At 30 September 2024 102
At 30 September 2023 102

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 11,553
Directors' current accounts 31,534 23,940
Tax 10,643 -
Prepayments and accrued income 6,050 6,225
48,227 41,718

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 5,799 5,668
Trade creditors 19,626 23,999
Tax 10,643 -
VAT 1,190 7,377
Amount owed to subsidiary 100 100
Accruals and deferred income 5,356 15,814
42,714 52,958

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans - 1-2 years 5,946 5,812
Bank loans - 2-5 years 18,756 18,331
Bank loans more 5 yr by instal 4,908 10,786
29,610 34,929

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,908 10,786

COMMERCIAL BREAKS (LONDON) LIMITED (REGISTERED NUMBER: 01379846)

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


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£ £
S A Carnegie
Balance outstanding at start of year 23,940 2,730
Amounts advanced 7,594 25,250
Amounts repaid - (4,040 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,534 23,940

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
COMMERCIAL BREAKS (LONDON) 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Commercial Breaks (London) Limited for the year ended 30 September 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Commercial Breaks (London) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Commercial Breaks (London) Limited and state those matters that we have agreed to state to the director of Commercial Breaks (London) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Commercial Breaks (London) Limited and its director for our work or for this report.

It is your duty to ensure that Commercial Breaks (London) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Commercial Breaks (London) Limited. You consider that Commercial Breaks (London) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Commercial Breaks (London) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Xeinadin Swiss Cottage Limited
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


25 June 2025