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REGISTERED NUMBER: 02401943 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST SEPTEMBER 2023 TO 31ST MARCH 2024

FOR

CITY AND OVERSEAS TRADE AND INVESTMENTS
LIMITED

CITY AND OVERSEAS TRADE AND INVESTMENTS
LIMITED (REGISTERED NUMBER: 02401943)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST SEPTEMBER 2023 TO 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CITY AND OVERSEAS TRADE AND INVESTMENTS
LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST SEPTEMBER 2023 TO 31ST MARCH 2024







DIRECTORS: Mr J Jabbour
Mrs M J Jabbour





SECRETARY: Mr J Jabbour





REGISTERED OFFICE: 76 Leander Road
Rochester
Kent
ME1 2UQ





REGISTERED NUMBER: 02401943 (England and Wales)





ACCOUNTANTS: Stephen Hill Partnership Limited
139-141 Watling Street
Gillingham
Kent
ME7 2YY

CITY AND OVERSEAS TRADE AND INVESTMENTS
LIMITED (REGISTERED NUMBER: 02401943)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,300 2,300

CURRENT ASSETS
Debtors 5 - 912
Cash at bank 24,258 23,023
24,258 23,935
CREDITORS
Amounts falling due within one year 6 12 12
NET CURRENT ASSETS 24,246 23,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,546

26,223

CREDITORS
Amounts falling due after more than one
year

7

(10,874

)

(10,551

)

PROVISIONS FOR LIABILITIES (17,883 ) (17,883 )
NET LIABILITIES (2,211 ) (2,211 )

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings (2,261 ) (2,261 )
SHAREHOLDERS' FUNDS (2,211 ) (2,211 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2024 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 AND OVERSEAS TRADE AND INVESTMENTS
LIMITED (REGISTERED NUMBER: 02401943)

BALANCE SHEET - continued
31ST MARCH 2024


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 2nd April 2024 and were signed on its behalf by:





Mr J Jabbour - Director


CITY AND OVERSEAS TRADE AND INVESTMENTS
LIMITED (REGISTERED NUMBER: 02401943)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST SEPTEMBER 2023 TO 31ST MARCH 2024

1. STATUTORY INFORMATION

City and Overseas Trade and Investments 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.

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.

The accounts have been prepared on a going concern basis. This basis may not be appropriate because the company had, at 31 March 2024, net liabilities of £2,211 (2023: £2,211). The validity of the going concern basis is dependent upon the continued support of the company's bankers and directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not provided

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

CITY AND OVERSEAS TRADE AND INVESTMENTS
LIMITED (REGISTERED NUMBER: 02401943)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST SEPTEMBER 2023 TO 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1st September 2023
and 31st March 2024 2,300
NET BOOK VALUE
At 31st March 2024 2,300
At 31st August 2023 2,300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.8.23
£    £   
Trade debtors - 912

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.8.23
£    £   
Taxation and social security 12 12

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.8.23
£    £   
Other creditors 10,874 10,551

8. PROVISION FOR FUTURE REPAIRS

Provision has been made for future repairs to the property.