Registered number
08134668
CITY INN EXPRESS (LEYTON) LIMITED
Unaudited Filleted Accounts
30 June 2023
TEMPLETONS ( UK ) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
CITY INN EXPRESS (LEYTON) LIMITED
Registered number: 08134668
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,246,170 1,246,170
Current assets
Cash at bank and in hand 8,538 12,648
Creditors: amounts falling due within one year 4 (1,082,343) (1,064,324)
Net current liabilities (1,073,805) (1,051,676)
Total assets less current liabilities 172,365 194,494
Creditors: amounts falling due after more than one year 5 (20,697) (30,172)
Provisions for liabilities (46,496) (46,496)
Net assets 105,172 117,826
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 187,984 187,984
Profit and loss account (82,912) (70,258)
Shareholders' funds 105,172 117,826
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Hussain
Director
Approved by the board on 19 March 2024
CITY INN EXPRESS (LEYTON) LIMITED
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts . Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2022 1,246,170
At 30 June 2023 1,246,170
Depreciation
At 30 June 2023 -
Net book value
At 30 June 2023 1,246,170
At 30 June 2022 1,246,170
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Amounts owed to associated companies (see note 7 below) 897,924 882,924
Other creditors 174,419 171,400
1,082,343 1,064,324
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 20,697 30,172
6 Revaluation reserve 2023 2022
£ £
At 1 July 2022 187,984 187,984
At 30 June 2023 187,984 187,984
This related to the gain arising on the revaluation of the company's investment properties as at 30 June 2023, based on a valuation conducted by the director of the company based on open market values. The director is not aware of any material change in value since the date of valuation.
7 Related party transactions
A City Inn Express Ltd 2023 2022
£ £
Relationship: Under common control
Nature of transaction: Intercompany balance
Amount due at year end : Due to City Inn Express Ltd 731,393 731,393
B Kamry Properties Limited
Relationship: Under common control
Nature of transaction: Intercompany balance
Amount due at year end : Due to Kamry Properties Ltd 166,531 151,531
8 Other information
CITY INN EXPRESS (LEYTON) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
309 Hoe Street
Walthamstow
London
E17 9BG
CITY INN EXPRESS (LEYTON) LIMITED 08134668 false 2022-07-01 2023-06-30 2023-06-30 VT Final Accounts October 2023 release 2 M Hussain No description of principal activity 08134668 2021-07-01 2022-06-30 08134668 core:WithinOneYear 2022-06-30 08134668 core:AfterOneYear 2022-06-30 08134668 core:ShareCapital 2022-06-30 08134668 core:OtherReservesSubtotal 2022-06-30 08134668 core:RetainedEarningsAccumulatedLosses 2022-06-30 08134668 core:RevaluationReserve 2021-06-30 08134668 2022-07-01 2023-06-30 08134668 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08134668 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 08134668 bus:Director40 2022-07-01 2023-06-30 08134668 1 2022-07-01 2023-06-30 08134668 2 2022-07-01 2023-06-30 08134668 countries:England 2022-07-01 2023-06-30 08134668 bus:FRS102 2022-07-01 2023-06-30 08134668 bus:FullAccounts 2022-07-01 2023-06-30 08134668 2023-06-30 08134668 core:WithinOneYear 2023-06-30 08134668 core:AfterOneYear 2023-06-30 08134668 core:ShareCapital 2023-06-30 08134668 core:OtherReservesSubtotal 2023-06-30 08134668 core:RetainedEarningsAccumulatedLosses 2023-06-30 08134668 core:LandBuildings 2023-06-30 08134668 core:RevaluationReserve 2023-06-30 08134668 2022-06-30 08134668 core:LandBuildings 2022-06-30 08134668 core:RevaluationReserve 2022-06-30 iso4217:GBP xbrli:pure