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REGISTERED NUMBER: 02217676 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Cityrealm Limited

Cityrealm Limited (Registered number: 02217676)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cityrealm Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D M King
C J A King
S R King





SECRETARY: D M King





REGISTERED OFFICE: Unit 15 Havenbury Estate
Station Road
Dorking
Surrey
RH4 1ES





REGISTERED NUMBER: 02217676 (England and Wales)





ACCOUNTANTS: Bullimores LLP
Chartered Accountants
Old Printers Yard
156 South Street
Dorking
Surrey
RH4 2HF

Cityrealm Limited (Registered number: 02217676)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 15,469 20,625
Investments 6 6 6
Investment property 7 2,301,275 1,050,000
2,316,750 1,070,631

CURRENT ASSETS
Debtors 8 15,451 51,023
Cash at bank 2,697 3,555
18,148 54,578
CREDITORS
Amounts falling due within one year 9 862,987 28,056
NET CURRENT (LIABILITIES)/ASSETS (844,839 ) 26,522
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,471,911

1,097,153

PROVISIONS FOR LIABILITIES 180,179 85,813
NET ASSETS 1,291,732 1,011,340

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,281,732 1,001,340
SHAREHOLDERS' FUNDS 1,291,732 1,011,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

Cityrealm Limited (Registered number: 02217676)

Balance Sheet - continued
31 March 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 26 October 2023 and were signed on its behalf by:




S R King - Director



C J A King - Director


Cityrealm Limited (Registered number: 02217676)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Cityrealm 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Cityrealm Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts receivable, net of VAT, for management charges and rental income receivable during the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Motor vehicles - 25% on reducing balance.

Tangible fixed assets are stated at cost less accumulated depreciation .

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

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.


Cityrealm Limited (Registered number: 02217676)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. 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 as 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 27,500
DEPRECIATION
At 1 April 2022 6,875
Charge for year 5,156
At 31 March 2023 12,031
NET BOOK VALUE
At 31 March 2023 15,469
At 31 March 2022 20,625

Cityrealm Limited (Registered number: 02217676)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. FIXED ASSET INVESTMENTS
Interest
Shares in in other
group participating
undertakings interests Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 2 4 6
NET BOOK VALUE
At 31 March 2023 2 4 6
At 31 March 2022 2 4 6

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,050,000
Additions 846,275
Revaluations 405,000
At 31 March 2023 2,301,275
NET BOOK VALUE
At 31 March 2023 2,301,275
At 31 March 2022 1,050,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 405,000
Valuation in 2020 150,000
Valuation in 2019 172,631
Cost 1,573,644
2,301,275

If investment property had not been revalued it would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 1,573,644 552,585

Investment property was valued on a fair value basis on 31 March 2023 by the directors .

Cityrealm Limited (Registered number: 02217676)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 3,853 8,872
Amounts owed by group undertakings - 36,925
Other debtors 6,188 -
Tax 2,733 2,674
Prepayments 2,677 2,552
15,451 51,023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed to group undertakings 816,558 -
Social security and other taxes 901 -
VAT 774 2,499
Other creditors 37,554 24,657
Directors' current accounts 6,000 -
Accrued expenses 1,200 900
862,987 28,056

10. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by C J A King, S R King and D M King