Citadel Property Investments Limited

Citadel Property Investments Limited
Directors' Report
For the period ended 31 May 2023

Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 May 2023

Principal activities

The companys principal activity during the year was other letting and operating of own or leased real estate.

Directors
The directors who served the company throughout the period were as follows:

Benjamin Gorezvarimwa Chiuriri

Ewa Zdanowicz

Statement of directors' responsibilities

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:

----------------------------------
Benjamin Gorezvarimwa Chiuriri
Director

Date approved: 03 October 2023

Citadel Property Investments Limited Accountants' Report For the period ended 31 May 2023
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Citadel Property Investments Limited for the year ended 31 May 2023 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Citadel Property Investments Limited for the year ended 31 May 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance This report is made solely to the Board of Directors of Citadel Property Investments Limited , as a body, in accordance with the terms of our engagement letter dated 03 October 2023. Our work has been undertaken solely to prepare for your approval the accounts of Citadel Property Investments Limited and state those matters that we have agreed to state to the Board of Directors of Citadel Property Investments Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Citadel Property Investments Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Citadel Property Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Citadel Property Investments Limited . You consider that Citadel Property Investments 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 accounts of Citadel Property Investments Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the period ended 31 May 2023 .................................................... aa Chartered Accountants Fenlake House Fenlake Business Centre Peterborough PE1 5BQ 03 October 2023 3

Citadel Property Investments Limited
Accountants' Report
For the period ended 31 May 2023

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Citadel Property Investments Limited for the year ended 31 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Citadel Property Investments Limited for the year ended 31 May 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of Citadel Property Investments Limited , as a body, in accordance with the terms of our engagement letter dated 03 October 2023. Our work has been undertaken solely to prepare for your approval the accounts of Citadel Property Investments Limited and state those matters that we have agreed to state to the Board of Directors of Citadel Property Investments Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Citadel Property Investments Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Citadel Property Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Citadel Property Investments Limited . You consider that Citadel Property Investments 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 accounts of Citadel Property Investments Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the period ended
31 May 2023

....................................................
aa Chartered Accountants
Fenlake House
Fenlake Business Centre
Peterborough
PE1 5BQ
03 October 2023

Citadel Property Investments Limited
Statement of Financial Position
As at 31 May 2023

	Notes	2023 £
Fixed assets
Tangible fixed assets	3	373,348
		373,348
Current assets
Debtors	4	2,109
Cash at bank and in hand		2,942
		5,051
Creditors: amount falling due within one year	5	(427,304)
Net current liabilities		(422,253)

Total assets less current liabilities		(48,905)
Net liabilities		(48,905)

Capital and reserves
Called up share capital	6	100
Profit and loss account		(49,005)
Shareholder's funds		(48,905)

For the period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 03 October 2023 and were signed on its behalf by:

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Benjamin Gorezvarimwa Chiuriri
Director

Citadel Property Investments Limited
Statement of Changes in Equity
For the period ended 31 May 2023

	Equity share capital	Revaluation reserve	Capital redemption reserve	Retained Earnings	Total
	£	£	£	£	£
At 24 May 2022					-
Profit for the period				(49,005)	(49,005)
Total comprehensive income for the period	-	-	-	(49,005)	(49,005)
Shares issued	100				100
Total investments by and distributions to owners	100	-	-	-	100
At 31 May 2023	100			(49,005)	(48,905)

Citadel Property Investments Limited
Notes to the Financial Statements
For the period ended 31 May 2023

General Information

Citadel Property Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 14127327, registration address Fenlake House, Fenlake Business Centre, Fengate Peterborough, Peterborough, Cambridgeshire, England, PE1 5BQ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

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 in the company's balance sheet 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.

2.	Average number of employees Average number of employees during the period was 2.

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 24 May 2022	-	-
Additions	373,348	373,348
Disposals	-	-
At 31 May 2023	373,348	373,348
Depreciation
At 24 May 2022	-	-
Charge for period	-	-
On disposals	-	-
At 31 May 2023	-	-
Net book values
Closing balance as at 31 May 2023	373,348	373,348
Opening balance as at 24 May 2022	-	-

Debtors: amounts falling due within one year

	2023 £
Prepayments & Accrued Income	2,109
	2,109

Creditors: amount falling due within one year

	2023 £
Loan-Castle Trust Capital Plc	286,300
Directors' Current Accounts	141,004
	427,304

Share Capital

Allotted, called up and fully paid	2023 £
50 Class A shares of £1.00 each	50
50 Class B shares of £1.00 each	50
	100

7.	Director’s loan

Director Loan

During the year the directors have advanced the company £141,004.This is is an interest free loan.

8.	Loan The loan included in creditors is secured against the properties.