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REGISTERED NUMBER: 09798107 (England and Wales)















Citygrove Lubeck Developments Limited

Unaudited Financial Statements for the Year Ended 30 September 2023






Citygrove Lubeck Developments Limited (Registered number: 09798107)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Citygrove Lubeck Developments Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: T R Baines
A J Rennie
A Banks
M J Farrugia
S M Leighton
Ms L E Shahmoon
E A Shahmoon
M Dalgleish
B M Robinson





SECRETARY: A Banks





REGISTERED OFFICE: The White House
2 Meadrow
Godalming
Surrey
GU7 3HN





BUSINESS ADDRESS: 10 Albemarle Street
London
W1S 4HH





REGISTERED NUMBER: 09798107 (England and Wales)





ACCOUNTANTS: Hughes Waddell
The White House
2 Meadrow
Godalming
Surrey
GU7 3HN

Citygrove Lubeck Developments Limited (Registered number: 09798107)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes €    €   
CURRENT ASSETS
Stocks 18,563,507 5,655,333
Debtors 4 1,061,130 57,483
Cash at bank 810,873 39,600
20,435,510 5,752,416
CREDITORS
Amounts falling due within one year 5 1,997,168 130,958
NET CURRENT ASSETS 18,438,342 5,621,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,438,342

5,621,458

CREDITORS
Amounts falling due after more than one
year

6

19,417,159

5,974,278
NET LIABILITIES (978,817 ) (352,820 )

CAPITAL AND RESERVES
Called up share capital 233 233
Retained earnings (979,050 ) (353,053 )
SHAREHOLDERS' FUNDS (978,817 ) (352,820 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

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 31 January 2024 and were signed on its behalf by:



T R Baines - Director


Citygrove Lubeck Developments Limited (Registered number: 09798107)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Citygrove Lubeck Developments 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 Euro (€).


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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Going concern
The directors confirm that they are satisfied that the company has adequate resources to continue in business for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

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

Citygrove Lubeck Developments Limited (Registered number: 09798107)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
€    €   
Trade debtors 79,242 -
Amounts owed by group undertakings 123 123
Other debtors 981,765 57,360
1,061,130 57,483

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
€    €   
Bank loans and overdrafts 383,093 -
Trade creditors 1,463,110 117,279
Other creditors 150,965 13,679
1,997,168 130,958

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
€    €   
Bank loans 6,910,440 -
Other creditors 12,506,719 5,974,278
19,417,159 5,974,278

7. SECURED DEBTS

There are fixed and floating charges existing over the assets of the company in respect of a loan made during the year.