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REGISTERED NUMBER: 04361762 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2022

for

CITY DYNAMICS LTD

CITY DYNAMICS LTD (REGISTERED NUMBER: 04361762)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CITY DYNAMICS LTD

Company Information
for the Year Ended 31 December 2022







DIRECTORS: H H Sanghrajka
A Sanghrajka





SECRETARY: H H Sanghrajka





REGISTERED OFFICE: 131 Finsbury Pavement
London
EC2A 1NT





REGISTERED NUMBER: 04361762 (England and Wales)





ACCOUNTANT: Mani Chacko & Co. Ltd.
Chartered Certified Accountant
3 Ballards Rise
South Croydon
Surrey
CR2 7JT

CITY DYNAMICS LTD (REGISTERED NUMBER: 04361762)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 45,691 68,537
Tangible assets 5 8,411 8,163
Investments 6 30,772 30,772
84,874 107,472

CURRENT ASSETS
Debtors 7 203,998 231,252
Cash at bank and in hand 1,180,445 919,399
1,384,443 1,150,651
CREDITORS
Amounts falling due within one year 8 355,471 302,933
NET CURRENT ASSETS 1,028,972 847,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,113,846

955,190

PROVISIONS FOR LIABILITIES 9 1,216 1,551
NET ASSETS 1,112,630 953,639

CAPITAL AND RESERVES
Called up share capital 10 100 100
Capital redemption reserve 400 400
Retained earnings 1,112,130 953,139
SHAREHOLDERS' FUNDS 1,112,630 953,639

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 DYNAMICS LTD (REGISTERED NUMBER: 04361762)

Balance Sheet - continued
31 December 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 27 September 2023 and were signed on its behalf by:




H H Sanghrajka - Director



A Sanghrajka - Director


CITY DYNAMICS LTD (REGISTERED NUMBER: 04361762)

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

1. STATUTORY INFORMATION

City Dynamics Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).


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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

In categorising leases as finance leases or operating leases, management makes judgements as to whether significant risks and rewards of ownership have transferred to the company as lessee.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

CITY DYNAMICS LTD (REGISTERED NUMBER: 04361762)

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

2. ACCOUNTING POLICIES - continued

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.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Other financial assets
Other financial assets, including trade investments, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably, are measured at cost less impairment.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debts, 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.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.


CITY DYNAMICS LTD (REGISTERED NUMBER: 04361762)

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

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

For defined contribution schemes the amount charged to profit or loss is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments.

The costs of short term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 8 ) .

CITY DYNAMICS LTD (REGISTERED NUMBER: 04361762)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 114,228
AMORTISATION
At 1 January 2022 45,691
Charge for year 22,846
At 31 December 2022 68,537
NET BOOK VALUE
At 31 December 2022 45,691
At 31 December 2021 68,537

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 29,041
Additions 4,183
At 31 December 2022 33,224
DEPRECIATION
At 1 January 2022 20,878
Charge for year 3,935
At 31 December 2022 24,813
NET BOOK VALUE
At 31 December 2022 8,411
At 31 December 2021 8,163

CITY DYNAMICS LTD (REGISTERED NUMBER: 04361762)

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

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2022
and 31 December 2022 30,772
NET BOOK VALUE
At 31 December 2022 30,772
At 31 December 2021 30,772

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 145,902 203,963
Other debtors 58,096 27,289
203,998 231,252

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 131,830 136,162
Taxation and social security 113,089 74,298
Other creditors 110,552 92,473
355,471 302,933

9. PROVISIONS FOR LIABILITIES
31.12.22 31.12.21
£    £   
Deferred tax 1,216 1,551

Deferred
tax
£   
Balance at 1 January 2022 1,551
Accelerated capital allowances 48
Short term timing difference (383 )
Balance at 31 December 2022 1,216

CITY DYNAMICS LTD (REGISTERED NUMBER: 04361762)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
100 Ordinary £1 100 100