REGISTERED NUMBER: 11123147 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Commotive Property Ltd

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Property, plant and equipment

4

315

420

Investments

5

51

50

Investment property

6

486,150

463,000

486,516

463,470

CURRENT ASSETS

Debtors

7

97,149

32,070

Investments

8

27,874

-

Cash at bank and in hand

1,068

2,105

126,091

34,175

CREDITORS

Amounts falling due within one year

9

143,156

116,203

NET CURRENT LIABILITIES

(17,065

)

(82,028

)

TOTAL ASSETS LESS CURRENT LIABILITIES

469,451

381,442

CREDITORS

Amounts falling due after more than one year

10

527,453

474,789

NET LIABILITIES

(58,002

)

(93,347

)

CAPITAL AND RESERVES

Called up share capital

12

100

100

Fair value reserve

13

102,528

79,378

Retained earnings

(160,630

)

(172,825

)

SHAREHOLDERS' FUNDS

(58,002

)

(93,347

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 28 September 2025 and were signed on its behalf by:

Mr Johannes Struik - Director

1.	STATUTORY INFORMATION

Commotive Property 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:

11123147

Registered office:

01 Meadlake Place

Thorpe Lea Road

Egham

Surrey

TW20 8HE

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 represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Investment property

The investment properties are shown at their fair market valuation that it exists on the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognized in profit or loss.

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Going concern

The company has net liabilities of £58,002. The accounts have been prepared on going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

COST

At 1 January 2024

and 31 December 2024

1,756

DEPRECIATION

At 1 January 2024

1,336

Charge for year

105

At 31 December 2024

1,441

NET BOOK VALUE

At 31 December 2024

315

At 31 December 2023

420

5.	FIXED ASSET INVESTMENTS

Other

investment

£

COST

At 1 January 2024

50

Additions

1

At 31 December 2024

51

NET BOOK VALUE

At 31 December 2024

51

At 31 December 2023

50

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

463,000

Revaluations

23,150

At 31 December 2024

486,150

NET BOOK VALUE

At 31 December 2024

486,150

At 31 December 2023

463,000

Investment property situated at Apartment 1, 2 & 4 Cemlyn House, High Street, Llandrindod Wells, LD1 6AG is under a charge from Hampshire Trust Bank PLC. The charge was created on 06 June 2019.

Investment property situated at Apartment 518 Stanley Road, Bootle, L20 5DW is under a charge from Stichting Max Crowdfund Security Trustee Foundation .The charge was created on 26 January 2021.

Investment property situated at 111 Knowsley Road, Bootle, L20 4NH is under a charge from Hampshire Trust Bank PLC. The charge was created on 05 January 2023.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2020

3,949

Valuation in 2021

105,146

Valuation in 2022

(9,715

)

Valuation in 2023

(20,000

)

Valuation in 2024

23,150

Cost

383,620

486,150

7.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Other debtors

52,258

1,307

Amounts falling due after more than one year:

Other debtors

44,891

30,763

Aggregate amounts

97,149

32,070

8.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

£

Other

27,874

-

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

143,156

116,203

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

310,846

309,830

Other creditors

216,607

164,959

527,453

474,789

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

310,846

309,830

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

310,846

309,830

The loans amounting to £104,315 is secured by the way of charge on the property situated at Apartment 1, 2 & 4 Cemlyn House, High Street, Llandrindod Wells, LD1 6AG (Disclosed as investment property).The charge was created in the name of Hampshire Trust Bank PLC on 06 June 2019.

The loan amounting to £206,531 is secured by the way of charge on the property situated at 111 Knowsley Road, Bootle, L20 4NH (disclosed as investment property). The charge was created in the name of Hampshire Trust Bank PLC on 05 January 2023.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Fair

value

reserve

£

At 1 January 2024

79,378

Transfer to/from reserves

23,150

At 31 December 2024

102,528

14.	RELATED PARTY DISCLOSURES

The company owes £74 (2023: £204) to its director, Mrs Catharina Caroline Struik as at accounting year end date.

The company owes £74 (2023: £204) to its director, Mr Johannes Struik as at accounting year end date.

The company owes £192,583 including €231,021 (2023: £145,602 incuding €167,939) to Commotive BV (a company registered in Netherlands) who is also a sole shareholder of the company as at accounting year end date.

The company was owed £27,811 (2023: £14,814) as at accounting year end date from Commotive Trading Ltd, a company registered in United Kingdom (Company registered number: 11122968). Mrs Catharina Caroline Struik and Mr Johannes Struik are also directors of this company.

The company owes £24,024 (2023: £19,357) as at accounting year end date to Green World Property Trade Ltd, a company registered in United Kingdom (Company registered number:11596007). Mr Johannes Struik is a director and Commotive Property Ltd is 25% shareholder of this company.

The company owes £85,717 (2023: £72,650) as at accounting year end date to Greenworld Property invest Ltd, a company registered in United Kingdom (Company registered number:13214599). Mr Johannes Struik is a director and Commotive Property Ltd is 25% shareholder of this company.