Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-312falseNo description of principal activity2022-08-012truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00245475 2022-08-01 2023-07-31 00245475 2021-08-01 2022-07-31 00245475 2023-07-31 00245475 2022-07-31 00245475 c:Director2 2022-08-01 2023-07-31 00245475 d:CurrentFinancialInstruments 2023-07-31 00245475 d:CurrentFinancialInstruments 2022-07-31 00245475 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 00245475 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 00245475 d:ShareCapital 2023-07-31 00245475 d:ShareCapital 2022-07-31 00245475 d:RetainedEarningsAccumulatedLosses 2023-07-31 00245475 d:RetainedEarningsAccumulatedLosses 2022-07-31 00245475 c:FRS102 2022-08-01 2023-07-31 00245475 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 00245475 c:FullAccounts 2022-08-01 2023-07-31 00245475 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 00245475 2 2022-08-01 2023-07-31 00245475 6 2022-08-01 2023-07-31 00245475 2 2023-07-31 00245475 2 2022-07-31 00245475 f:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 00245475









CITY KNITWEAR LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

 
CITY KNITWEAR LIMITED
REGISTERED NUMBER: 00245475

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
                                                                            Note
£
£

Fixed assets
  

Investments
 4 
3,050,000
3,050,000

Current assets
  

Debtors: amounts falling due within one year
 5 
266,006
250,664

Creditors: amounts falling due within one year
 6 
(3,182,683)
(3,180,214)

Net current liabilities
  
 
 
(2,916,677)
 
 
(2,929,550)

Total assets less current liabilities
  
133,323
120,450

  

Net assets
  
133,323
120,450


Capital and reserves
  

Called up share capital 
  
100,000
100,000

Profit and loss account
  
33,323
20,450

  
133,323
120,450


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 December 2023.




D J Lichtig
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
CITY KNITWEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

City Knitwear Limited ("The Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, England, E11 1GA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.3

Taxation

Tax is recognised in the Statement of income and retained earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

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

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 2

 
CITY KNITWEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 August 2022
3,050,000



At 31 July 2023
3,050,000






Net book value



At 31 July 2023
3,050,000



At 31 July 2022
3,050,000


5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
166,006
150,664

Other debtors
100,000
100,000

266,006
250,664



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
130,000
70,000

Amounts owed to group undertakings
3,050,000
3,110,000

Corporation tax
2,683
214

3,182,683
3,180,214


Page 3

 
CITY KNITWEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Related party transactions

During the year the company engaged in transactions with an entity which holds a participating interest in the company. At the year end, the company owed this entity £3,050,000 (2022 - £3,050,000).
During the year the company also engaged in transactions with an entity which it holds a participating interest in. At the year end, this entity owed the company £166,006 (2022 - £150,664).

 
Page 4