OVAL COMMERCIAL INVESTMENTS LIMITED

Company Registration Number:
06522900 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

OVAL COMMERCIAL INVESTMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

OVAL COMMERCIAL INVESTMENTS LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 2,407,593 2,407,593
Total fixed assets: 2,407,593 2,407,593
Current assets
Stocks: 327,097 327,097
Debtors: 4 402,559 346,329
Cash at bank and in hand: 25 9
Total current assets: 729,681 673,435
Creditors: amounts falling due within one year: 5 (833,590) (898,133)
Net current assets (liabilities): (103,909) (224,698)
Total assets less current liabilities: 2,303,684 2,182,895
Creditors: amounts falling due after more than one year: 6 (1,082,311) (1,001,112)
Total net assets (liabilities): 1,221,373 1,181,783
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:7627,476627,476
Profit and loss account: 593,797 554,207
Shareholders funds: 1,221,373 1,181,783

The notes form part of these financial statements

OVAL COMMERCIAL INVESTMENTS LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 March 2025
and signed on behalf of the board by:

Name: A G Broadway
Status: Director

The notes form part of these financial statements

OVAL COMMERCIAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

OVAL COMMERCIAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

OVAL COMMERCIAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 2,407,593
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2024 2,407,593
Depreciation
At 01 January 2024 0
Charge for year 0
On disposals 0
Other adjustments 0
At 31 December 2024 0
Net book value
At 31 December 2024 2,407,593
At 31 December 2023 2,407,593

OVAL COMMERCIAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 402,559 346,329

OVAL COMMERCIAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

Bank loan and overdraft: £ 15,151, Trade creditors: £ 614,472, Other creditors: £ 32,640 & Related party: £ 171,327 (Total £ 833,590)

OVAL COMMERCIAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due after more than one year note

The properties and plots owned by the company have first charges in favour of Aldermore bank PLC and Interbay PLC (£ 1,082,311)

OVAL COMMERCIAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Revaluation reserve

2024
£
Balance at 01 January 2024 627,476
Surplus or deficit after revaluation 0
Balance at 31 December 2024 627,476

OVAL COMMERCIAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

8. Related party transactions

Name of the related party: Oval Estates (Bath) Limited
Relationship:
Oval Estates (Bath) Limited is the parent company.
Description of the Transaction: As at 31st December 2024, Oval Commercial Investments Ltd owed Oval Estates (Bath) Limited £ 171,327 (2022: 173,673). This is enclosed under creditors.
£
Balance at 01 January 2024 173,673
Balance at 31 December 2024 171,327