Commercial Row Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06173629

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,165,163		1,165,163

			1,165,163		1,165,163
CURRENT ASSETS
Debtors	5	28,430		26,369
Cash at bank and in hand		32,188		28,661

		60,618		55,030
Creditors: Amounts Falling Due Within One Year	6	(145,019 )		(208,976 )

NET CURRENT ASSETS (LIABILITIES)			(84,401 )		(153,946 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,080,762		1,011,217

Creditors: Amounts Falling Due After More Than One Year	7		(622,885 )		(644,257 )

NET ASSETS			457,877		366,960

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			457,876		366,959

SHAREHOLDERS' FUNDS			457,877		366,960

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Commercial Row Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr C E McCosker

Director

27th August 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Commercial Row Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06173629 . The registered office is 5 South Parade, Summertown, Oxford, OX2 7JL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention, other than in respect of investment properties which are carried at fair value, and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rental income

Operating lease income from investment properties is recognised in profit and loss on a straight line basis over the lease term. Additionally, the company receives rental income from properties that the company itself rents, under a formal lease on an annual basis.

Interest income

Interest income is recognised as interest accrues using the effective interest rate method.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

Not depreciated, carried at fair value

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Commercial Row Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 April 2024	1,165,163

As at 31 March 2025	1,165,163

Net Book Value
As at 31 March 2025	1,165,163

As at 1 April 2024	1,165,163

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	28,430	26,369

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	7,763	4,836
Mortgage - due in 1 year	20,000	19,000
Corporation tax	27,862	22,800
Deferred income	39,108	39,108
Accruals	25,859	18,077
Director's loan account	24,427	105,155

	145,019	208,976

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Mortgage - due > 1 year	622,885	644,257

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Commercial Row Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1.00 each	1	1

9. Related Party Transactions

The company receives rent from third parties from certain properies that are in the personal name of the director, Mr C. McCosker. A formal lease is in place and a market value ground rent of £70,200 p.a. is paid to the director by the company.

10. Secured liabilities

One of the mortgage loans is from Shawbrook Bank Ltd. The loan is repayable in November 2038 and is secured upon certain of the company's freehold property by way of a legal charge. Interest is payable at 4.95% above the LIBOR equivalent rate.

A further mortgage is from Paragon Mortgages. This loan is repayable by 2046 and is secured upon certain of the company's freehold property by way of a legal charge. The loan is on an interest only basis until 2027.

A loan of £100,000 was received during the previous year from a member of the director's close family.

Interest at 6% p.a. is paid on this loan, which is shown as due in more than 5 years and has no fixed date for repayment. This loan is currently interest only, and is secured upon certain of the company's freehold property.

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