Commercial Environment Limited - Accounts to registrar (filleted) - small 17.3
Commercial Environment Limited - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
FOR |
COMMERCIAL ENVIRONMENT LIMITED |
COMMERCIAL ENVIRONMENT LIMITED (REGISTERED NUMBER: 03555382) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
COMMERCIAL ENVIRONMENT LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
12 Conqueror Court |
Sittingbourne |
Kent |
ME10 5BH |
BANKERS: |
148 High Street |
Chatham |
Kent |
ME4 4DB |
COMMERCIAL ENVIRONMENT LIMITED (REGISTERED NUMBER: 03555382) |
BALANCE SHEET |
30 SEPTEMBER 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Stocks | 6 |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
COMMERCIAL ENVIRONMENT LIMITED (REGISTERED NUMBER: 03555382) |
BALANCE SHEET - continued |
30 SEPTEMBER 2017 |
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 on by: |
COMMERCIAL ENVIRONMENT LIMITED (REGISTERED NUMBER: 03555382) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
1. | STATUTORY INFORMATION |
Commercial Environment Limited is a |
The company's registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced and accrued sales of property and consultancy services. |
Tangible fixed assets |
Plant and machinery | - |
Computer equipment | - |
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. |
The investment property is stated at fair value based on the valuation of P Downs, a director, based on his |
knowledge of local properties and the most observable market prices for properties in the area, adjusted to reflect |
the condition of the property. |
Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value. |
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL. |
4. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
At 1 October 2016 |
and 30 September 2017 |
DEPRECIATION |
At 1 October 2016 |
Charge for year |
At 30 September 2017 |
NET BOOK VALUE |
At 30 September 2017 |
At 30 September 2016 |
COMMERCIAL ENVIRONMENT LIMITED (REGISTERED NUMBER: 03555382) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 October 2016 |
Additions |
Disposals | ( |
) |
Revaluations | 15,235 |
At 30 September 2017 |
NET BOOK VALUE |
At 30 September 2017 |
At 30 September 2016 |
Included in fair value of investment property is freehold land of £ 80,000 (2016 - £ 0 ) which is not depreciated. |
Fair value at 30 September 2017 is represented by: |
£ |
Valuation in 2017 | 229,765 |
Valuation in 2017 | 15,235 |
245,000 |
If investment property had not been revalued it would have been included at the following historical cost: |
2017 | 2016 |
£ | £ |
Cost | 229,765 | - |
Investment property was valued on an open market basis on 30 September 2017 by the director . |
6. | STOCKS |
3 (2016 - 4) of the properties included in stock are subject to tenancies and would not be sold until they have |
been vacated and as such it is impossible to determine the date that these assets might be realised. |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Taxation and social security |
Other creditors |
COMMERCIAL ENVIRONMENT LIMITED (REGISTERED NUMBER: 03555382) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
9. | RESERVES |
Revaluation |
reserve |
£ |
Reserve reclassification | 13,912 |
At 30 September 2017 |
10. | FIRST YEAR ADOPTION |
This is the first year in which the financial statements have been prepared under FRS102. The last financial |
statements prepared under previous UK GAAP were for the year ended 30th September 2015 and the date of |
transition to FRS102 was therefore 1st October 2014. As a consequence of adopting FRS102 a small number of |
accounting policies have changed to comply with those standards. |
As a result of the adoption of FRS102, there have been no transitional or prior year adjustments required to the |
financial statements. |