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CITY RESIDENTIAL LIMITED

Unaudited Financial Statements

for the Year Ended 30th September 2023






CITY RESIDENTIAL LIMITED (REGISTERED NUMBER: 04107612)






Contents of the Financial Statements
for the year ended 30th September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CITY RESIDENTIAL LIMITED

Company Information
for the year ended 30th September 2023







DIRECTORS: A J Bevan
Mrs K Rogerson-Bevan





REGISTERED OFFICE: 1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH





REGISTERED NUMBER: 04107612 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

CITY RESIDENTIAL LIMITED (REGISTERED NUMBER: 04107612)

Balance Sheet
30th September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,289 4,961

CURRENT ASSETS
Debtors 5 54,484 56,617
Cash at bank and in hand 108,191 152,347
162,675 208,964
CREDITORS
Amounts falling due within one year 6 109,740 128,910
NET CURRENT ASSETS 52,935 80,054
TOTAL ASSETS LESS CURRENT LIABILITIES 57,224 85,015

CREDITORS
Amounts falling due after more than one
year

7

16,667

26,667
NET ASSETS 40,557 58,348

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,457 58,248
SHAREHOLDERS' FUNDS 40,557 58,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 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 RESIDENTIAL LIMITED (REGISTERED NUMBER: 04107612)

Balance Sheet - continued
30th September 2023


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 20th October 2023 and were signed on its behalf by:





A J Bevan - Director


CITY RESIDENTIAL LIMITED (REGISTERED NUMBER: 04107612)

Notes to the Financial Statements
for the year ended 30th September 2023

1. STATUTORY INFORMATION

City Residential 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgments and estimates have been made include depreciation of fixed 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
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Plant and machinery - 25% on reducing balance
- Fixtures and fittings - 20% on reducing balance

Financial instruments
Debtors, creditors and directors loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid.

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.


CITY RESIDENTIAL LIMITED (REGISTERED NUMBER: 04107612)

Notes to the Financial Statements - continued
for the year ended 30th September 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 15 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st October 2022
and 30th September 2023 32,078 113,854 145,932
DEPRECIATION
At 1st October 2022 31,847 109,124 140,971
Charge for year 58 614 672
At 30th September 2023 31,905 109,738 141,643
NET BOOK VALUE
At 30th September 2023 173 4,116 4,289
At 30th September 2022 231 4,730 4,961

CITY RESIDENTIAL LIMITED (REGISTERED NUMBER: 04107612)

Notes to the Financial Statements - continued
for the year ended 30th September 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,833 55,814
Amounts owed by group undertakings 45,848 -
Prepayments and accrued income 803 803
54,484 56,617

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 8,074 7,915
Amounts owed to group undertakings - 4,152
Taxation and social security 61,816 76,665
Other creditors 29,850 30,178
109,740 128,910

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 16,667 26,667

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £108,000 (2022 - £108,000) were paid to Forvan Holdings Limited, a company under the control of Mr A J Bevan and Mrs K Rogerson-Bevan who are directors of City Residential Limited.

Included in other creditors is the sum of £9,594 (2022 - £4,050 ) owing to Mr A J Bevan, company director and shareholder.

Included in other debtors is the sum of £45,848 (2022 - Debtors £4,152) owing from Forvan Holdings Limited, a company under the control of Mr A J Bevan and Mrs K Rogerson-Bevan who are directors of City Residential Limited.