REGISTERED NUMBER: 03496669 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Commercial Refurbishment Services

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D A H Devine

B H Devine

SECRETARY:

Mrs D A H Devine

REGISTERED OFFICE:

Hawthorns

Church Road

Swanmore

Southampton

SO32 2PA

REGISTERED NUMBER:

03496669 (England and Wales)

ACCOUNTANTS:

Butler & Co (Bishops Waltham) Limited

Chartered Accountants

Avalon House

Waltham Business Park

Brickyard Road, Swanmore

Southampton

Hampshire

SO32 2SA

FIXED ASSETS

Tangible assets

5

519

2,849

Investment property

6

630,000

715,000

630,519

717,849

CURRENT ASSETS

Debtors

7

59,200

651

Cash at bank

250,034

236,026

309,234

236,677

CREDITORS

Amounts falling due within one year

8

26,099

23,516

NET CURRENT ASSETS

283,135

213,161

TOTAL ASSETS LESS CURRENT LIABILITIES

913,654

931,010

PROVISIONS FOR LIABILITIES

5,319

7,512

NET ASSETS

908,335

923,498

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

907,335

922,498

SHAREHOLDERS' FUNDS

908,335

923,498

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

Mrs D A H Devine - Director

1.	STATUTORY INFORMATION

Commercial Refurbishment Services 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, 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.

Plant and machinery

-

Straight line over 3 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

10,730

Additions

775

At 31 March 2025

11,505

DEPRECIATION

At 1 April 2024

7,881

Charge for year

3,105

At 31 March 2025

10,986

NET BOOK VALUE

At 31 March 2025

519

At 31 March 2024

2,849

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

715,000

Disposals

(75,000

)

Revaluations

(10,000

)

At 31 March 2025

630,000

NET BOOK VALUE

At 31 March 2025

630,000

At 31 March 2024

715,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

27,469

Cost

602,531

630,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

602,531

678,310

The investment properties were valued on open market basis on 31 March 2025 by the directors .

Deferred tax relating to the investment properties measured at fair value amounts to £5,219 (2024: £6,971).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

888

651

Directors' current accounts

58,312

-

59,200

651

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

987

240

Tax

9,887

6,299

Social security and other taxes

1,019

195

VAT

265

312

Other creditors

7,301

7,006

Net wages payable

1,513

-

Directors' current accounts

-

4,337

Accruals and deferred income

5,127

5,127

26,099

23,516

9.	RELATED PARTY DISCLOSURES