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Company Registration No. 04477467 (England and Wales)
CITYWIDE PROPERTY MANAGEMENT LIMITED Unaudited accounts for the year ended 25 April 2023
CITYWIDE PROPERTY MANAGEMENT LIMITED Unaudited accounts Contents
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CITYWIDE PROPERTY MANAGEMENT LIMITED Company Information for the year ended 25 April 2023
Director
Riath HAMED
Company Number
04477467 (England and Wales)
Registered Office
68 QUEEN STREET SHEFFIELD S1 1WR
Accountants
GRAYSON & MO ACCOUNTANTS AND TAX ADVISORS 2A Hallcar Street sheffield S4 7JY
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CITYWIDE PROPERTY MANAGEMENT LIMITED Statement of financial position as at 25 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
271,500 
252,000 
Current assets
Debtors
93,832 
93,832 
Cash at bank and in hand
40,317 
16,266 
134,149 
110,098 
Creditors: amounts falling due within one year
(38,292)
(16,936)
Net current assets
95,857 
93,162 
Total assets less current liabilities
367,357 
345,162 
Provisions for liabilities
Deferred tax
(41,481)
(37,406)
Net assets
325,876 
307,756 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
325,776 
307,656 
Shareholders' funds
325,876 
307,756 
For the year ending 25 April 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 director acknowledges his 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 and authorised for issue on 12 February 2024 and were signed on its behalf by
Riath HAMED Director Company Registration No. 04477467
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CITYWIDE PROPERTY MANAGEMENT LIMITED Notes to the Accounts for the year ended 25 April 2023
1
Statutory information
CITYWIDE PROPERTY MANAGEMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04477467. The registered office is 68 QUEEN STREET, SHEFFIELD, S1 1WR.
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
These financial statements for the year ended 25 April 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 26 April 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
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 as modified by the revaluation of certain assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax is recognized 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 recognized 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 recognized 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.
Financial instruments
Financial assets and financial liabilities are recognized when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising fromchanges in fair value is recognised in profit or loss.
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CITYWIDE PROPERTY MANAGEMENT LIMITED Notes to the Accounts for the year ended 25 April 2023
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
4
Investment property
2023 
£ 
Fair value at 26 April 2022
252,000 
Additions
19,500 
At 25 April 2023
271,500 
The investment properties class of asset was revalued on 30 April 2023 by Mr Riath Hamedwho isinternal to the company. The basis of this revaluation was that of estimated current open market value. There has been no valuation of investment properties by an independent value
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
93,832 
93,832 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
32,760 
12,198 
Taxes and social security
1,220 
616 
Other creditors
640 
- 
Loans from directors
2,190 
2,640 
Deferred income
1,482 
1,482 
38,292 
16,936 
7
Transactions with related parties
Naseem Hamed Enterprises Limited (A company controlled by a family member) The company has incurred various investment property costs on behalf of NaseemHamed EnterprisesLimited. At the balance sheet date the amount due from Naseem Hamed Enterprises Limited was £80,536 (2021- £80,536).
8
Average number of employees
During the year the average number of employees was 2 (2022: 0).
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