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Company Registration No. 02814889 (England and Wales)
City and Commercial Ltd Unaudited accounts for the year ended 31 May 2023
City and Commercial Ltd Unaudited accounts Contents
Page
- 2 -
City and Commercial Ltd Company Information for the year ended 31 May 2023
Directors
Simon Shaw Mohammed Niraz Buhari Neil Dixon Kumar Chetan Mankar
Company Number
02814889 (England and Wales)
Registered Office
ASHLEY COURT 32 MAIN STREET ASHLEY MARKET HARBOROUGH LEICESTERSHIRE LE16 8HF UNITED KINGDOM
Accountants
Master Accounting Limited The Stables, Ashley Court 32 Main Street, Ashley Market Harborough Leicestershire LE16 8HF
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City and Commercial Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,656,673 
3,160,741 
Tangible assets
7,545 
4,607 
Investments
1,790,353 
1,778,353 
4,454,571 
4,943,701 
Current assets
Debtors
3,118,022 
2,603,631 
Cash at bank and in hand
200,448 
611,493 
3,318,470 
3,215,124 
Creditors: amounts falling due within one year
(1,654,000)
(1,409,434)
Net current assets
1,664,470 
1,805,690 
Total assets less current liabilities
6,119,041 
6,749,391 
Creditors: amounts falling due after more than one year
(3,102,021)
(3,249,812)
Net assets
3,017,020 
3,499,579 
Capital and reserves
Called up share capital
20,000 
20,000 
Revaluation reserve
2,656,673 
3,160,741 
Profit and loss account
340,347 
318,838 
Shareholders' funds
3,017,020 
3,499,579 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 July 2023 and were signed on its behalf by
Mohammed Niraz Buhari Director Company Registration No. 02814889
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City and Commercial Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
City and Commercial Ltd is a private company, limited by shares, registered in England and Wales, registration number 02814889. The registered office is ASHLEY COURT 32 MAIN STREET, ASHLEY, MARKET HARBOROUGH, LEICESTERSHIRE, LE16 8HF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Amended Accounts
These accounts are amended accounts and replace the original accounts already submitted and are now the company's statutory accounts. They are prepared as they were at the date of the original accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% - straight line
Fixtures & fittings
20% - straight line
Computer equipment
33% - straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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City and Commercial Ltd Notes to the Accounts for the year ended 31 May 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2022
3,160,741 
Revaluations
(504,068)
At 31 May 2023
2,656,673 
Amortisation
At 1 June 2022
- 
At 31 May 2023
- 
Net book value
At 31 May 2023
2,656,673 
At 31 May 2022
3,160,741 
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
- 
87,920 
63,174 
151,094 
Additions
2,000 
3,188 
- 
5,188 
At 31 May 2023
2,000 
91,108 
63,174 
156,282 
Depreciation
At 1 June 2022
- 
83,313 
63,174 
146,487 
Charge for the year
- 
2,250 
- 
2,250 
At 31 May 2023
- 
85,563 
63,174 
148,737 
Net book value
At 31 May 2023
2,000 
5,545 
- 
7,545 
At 31 May 2022
- 
4,607 
- 
4,607 
6
Investments
Other investments 
£ 
Valuation at 1 June 2022
1,778,353 
Additions
12,000 
Valuation at 31 May 2023
1,790,353 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
15,382 
12,498 
Trade debtors
268,189 
252,876 
Accrued income and prepayments
6,902 
6,902 
Other debtors
2,827,549 
2,331,355 
3,118,022 
2,603,631 
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City and Commercial Ltd Notes to the Accounts for the year ended 31 May 2023
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
37,472 
11,296 
Trade creditors
795,435 
1,077,524 
Taxes and social security
20,165 
40,640 
Other creditors
800,928 
279,974 
1,654,000 
1,409,434 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
9,131 
Other creditors
3,102,021 
3,240,681 
3,102,021 
3,249,812 
10
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
20,000 Ordinary shares of £1 each
20,000 
20,000 
11
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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