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REGISTERED NUMBER: 11074932 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

COMMERCIAL FINANCE NETWORK CORPORATION
LTD

COMMERCIAL FINANCE NETWORK CORPORATION
LTD (REGISTERED NUMBER: 11074932)

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










Page

Balance Sheet 1


COMMERCIAL FINANCE NETWORK CORPORATION
LTD (REGISTERED NUMBER: 11074932)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
£    £    £    £   
Fixed assets 57 76

Current assets 61,453 53,893

Creditors
Amounts falling due within one year (49,175 ) (38,078 )
Net current assets 12,278 15,815
Total assets less current liabilities 12,335 15,891

Creditors
Amounts falling due after more than one
year

(242,322

)

(199,624

)
Net liabilities (229,987 ) (183,733 )

Capital and reserves (229,987 ) (183,733 )

Notes to the financial statements

1. STATUTORY INFORMATION

Commercial Finance Network Corporation Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11074932

Registered office: New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ

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


2. GOING CONCERN

The directors have reviewed the credit facilities available to the company over the forthcoming 12 months, including the financial support of a company controlled by the directors. The commonly controlled company was owed £256,655 at the year end, of which £240,000 was a loan that matures two years after the balance sheet date and is included in Creditors due after 1 year.

Taking this loan into account, the directors have assessed that the credit facilities are sufficient to allow the company to continue to trade and meet its financial obligations as they fall due.

For this reason, the directors have prepared the accounts on a going concern basis.

COMMERCIAL FINANCE NETWORK CORPORATION
LTD (REGISTERED NUMBER: 11074932)

BALANCE SHEET - continued
30 NOVEMBER 2024

Notes to the financial statements

3. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 5 (2023 - 6 ) .



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

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

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2025 and were signed on its behalf by:





Mr D R Yorke - Director