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REGISTERED NUMBER: 09819672 (England and Wales)














Financial Statements for the Year Ended 31 March 2022

for

City Law Chambers Limited

City Law Chambers Limited (Registered number: 09819672)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


City Law Chambers Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Mrs S Khan
M Mahmood





REGISTERED OFFICE: 22 Guildford Street
Luton
LU1 2NR





REGISTERED NUMBER: 09819672 (England and Wales)





ACCOUNTANTS: Farrell & Co
1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP

City Law Chambers Limited (Registered number: 09819672)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,638 9,945

CURRENT ASSETS
Debtors 5 319,740 120,747
Cash at bank 1,492,544 1,862,867
1,812,284 1,983,614
CREDITORS
Amounts falling due within one year 6 934,929 1,260,517
NET CURRENT ASSETS 877,355 723,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

884,993

733,042

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 884,991 733,040
884,993 733,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

City Law Chambers Limited (Registered number: 09819672)

Balance Sheet - continued
31 March 2022


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 19 August 2022 and were signed on its behalf by:




Mrs S Khan - Director



M Mahmood - Director


City Law Chambers Limited (Registered number: 09819672)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

City Law Chambers 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. 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.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2021 - 8 ) .

City Law Chambers Limited (Registered number: 09819672)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2021 15,843 8,879 24,722
Additions - 238 238
At 31 March 2022 15,843 9,117 24,960
DEPRECIATION
At 1 April 2021 10,033 4,744 14,777
Charge for year 1,452 1,093 2,545
At 31 March 2022 11,485 5,837 17,322
NET BOOK VALUE
At 31 March 2022 4,358 3,280 7,638
At 31 March 2021 5,810 4,135 9,945

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 137,733 120,610
Amounts owed by associates 181,797 -
Other debtors 210 137
319,740 120,747

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 2 -
Taxation and social security 40,836 91,488
Other creditors 894,091 1,169,029
934,929 1,260,517