REGISTERED NUMBER: 09960069 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

COMMERCIAL SPACE SOLUTIONS PLUS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

G Collins

REGISTERED OFFICE:

Unit 1, Mill Batch Farm

East Brent

Highbridge

Somerset

TA9 4JN

REGISTERED NUMBER:

09960069 (England and Wales)

ACCOUNTANTS:

Gravita

Chartered Accountants

Bath House

6 - 8 Bath Street

Bristol

BS1 6HL

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 Space Solutions Plus Limited for the year ended 31 March 2025 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 directors of Commercial Space Solutions Plus Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Commercial Space Solutions Plus Limited and state those matters that we have agreed to state to the directors of Commercial Space Solutions Plus 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 Space Solutions Plus Limited and its directors for our work or for this report.

It is your duty to ensure that Commercial Space Solutions Plus 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 Space Solutions Plus Limited. You consider that Commercial Space Solutions Plus 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 Space Solutions Plus Limited. For this reason, we do not express any opinion on the statutory financial statements.

Gravita

Chartered Accountants

Bath House

6 - 8 Bath Street

Bristol

BS1 6HL

11 December 2025

FIXED ASSETS

Tangible assets

4

751,585

528,757

Investments

5

10

10

Investment property

6

2,480,000

2,480,000

3,231,595

3,008,767

CURRENT ASSETS

Stocks

-

4,000

Debtors

7

26,701

19,730

Cash at bank

9,575

3,935

36,276

27,665

CREDITORS

Amounts falling due within one year

8

(377,084

)

(291,443

)

NET CURRENT LIABILITIES

(340,808

)

(263,778

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,890,787

2,744,989

CREDITORS

Amounts falling due after more than one year

9

(1,829,290

)

(1,824,391

)

PROVISIONS FOR LIABILITIES

(257,154

)

(227,626

)

NET ASSETS

804,343

692,972

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

804,333

692,962

804,343

692,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 by the director and authorised for issue on 11 December 2025 and were signed by:

G Collins - Director

1.	COMPANY INFORMATION

Commercial Space Solutions Plus 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.

The company's principal activity in the year under review was that of property management.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the year end the company had net current liabilities of £340,807 (2024 - £263,778). The financial statements are prepared on the grounds that current and future sources of support will be received from the group companies. The directors have, at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and as such, the directors believe it remains appropriate to prepare the financial statements on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

Not depreciated

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit and loss.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Financial assets

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Financial liabilities

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST OR VALUATION

At 1 April 2024

200,000

271,708

122,183

Additions

-

141,404

146,173

Disposals

-

-

(12,435

)

At 31 March 2025

200,000

413,112

255,921

DEPRECIATION

At 1 April 2024

-

13,581

53,137

Charge for year

-

36,685

26,008

Eliminated on disposal

-

-

(3,574

)

At 31 March 2025

-

50,266

75,571

NET BOOK VALUE

At 31 March 2025

200,000

362,846

180,350

At 31 March 2024

200,000

258,127

69,046

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2024

610

5,000

693

600,194

Additions

-

6,990

590

295,157

Disposals

-

-

-

(12,435

)

At 31 March 2025

610

11,990

1,283

882,916

DEPRECIATION

At 1 April 2024

195

4,155

369

71,437

Charge for year

62

357

356

63,468

Eliminated on disposal

-

-

-

(3,574

)

At 31 March 2025

257

4,512

725

131,331

NET BOOK VALUE

At 31 March 2025

353

7,478

558

751,585

At 31 March 2024

415

845

324

528,757

Cost or valuation at 31 March 2025 is represented by:

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

Cost

200,000

413,112

255,921

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

610

11,990

1,283

882,916

The freehold properties have been valued by the directors at their fair value as at the 31 March 2025.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST OR VALUATION

At 1 April 2024

63,700

Additions

125,478

At 31 March 2025

189,178

DEPRECIATION

At 1 April 2024

23,197

Charge for year

19,693

At 31 March 2025

42,890

NET BOOK VALUE

At 31 March 2025

146,288

At 31 March 2024

40,503

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

10

NET BOOK VALUE

At 31 March 2025

10

At 31 March 2024

10

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

2,480,000

NET BOOK VALUE

At 31 March 2025

2,480,000

At 31 March 2024

2,480,000

Fair value at 31 March 2025 is represented by:

£

Cost

2,480,000

The investment properties have been valued by the directors at their fair value as at the 31 March 2025.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

20,146

9,538

Amounts owed by associates

1,411

-

VAT

1,810

10,192

Prepayments and accrued income

3,334

-

26,701

19,730

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

25,406

24,237

Hire purchase contracts

69,796

48,955

Trade creditors

75,639

12,135

Amounts owed to group undertakings

206,243

205,666

Amounts owed to associates

-

450

377,084

291,443

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-5 years

114,909

115,355

Bank loans > 5 years

1,308,162

1,333,835

Other loans - 2-5 years

299,973

299,974

Hire purchase contracts

106,246

75,227

1,829,290

1,824,391

Amounts falling due in more than five years:

Repayable by instalments

Bank loans > 5 years

1,308,162

1,333,835

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,448,477

1,473,427

Other loans

299,973

299,974

Hire purchase contracts

176,042

124,182

1,924,492

1,897,583

The amounts due under hire purchase agreements are secured on the assets that they relate to.

The bank and other loan holds a Fixed Charge over all the freehold land in the company.

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year the entity entered into transactions, in the ordinary course of business, with other related parties. Transactions entered into, and trading balances outstanding at 31 March, are as follows:

Sales to related party

Purchases from related party

Amounts owed by related party

Amounts owed to related party

£

£

£

£

Entities with significant influence over the company

2025

10,244

44,604

1,411

-

2024

12,858

5,676

-

450

No interest is being charged on the amounts outstanding.

12.	ULTIMATE CONTROLLING PARTY

The company's parent company is GWGC Investments Ltd whose registered office is Unit 3 Mill Batch Farm, East Brent, Somerset, England, TA9 4JN.