REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1ST SEPTEMBER 2023 TO 31ST MARCH 2024 |
FOR |
CITY AND OVERSEAS TRADE AND INVESTMENTS |
LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Freehold property | - |
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 |
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 |
NET BOOK VALUE |
At 31st March 2024 |
At 31st August 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.8.23 |
£ | £ |
Trade debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.8.23 |
£ | £ |
Taxation and social security |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.24 | 31.8.23 |
£ | £ |
Other creditors |
8. | PROVISION FOR FUTURE REPAIRS |
Provision has been made for future repairs to the property. |