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CORE CITI SOLUTIONS LTD

Registered Number
SC440177
(Scotland)

Unaudited Financial Statements for the Year ended
31 October 2023

CORE CITI SOLUTIONS LTD
Company Information
for the year from 1 November 2022 to 31 October 2023

Director

KEANE, Robert Antony

Registered Address

19 Adelphi
Merchant Quarter
Aberdeen
AB11 5BL

Registered Number

SC440177 (Scotland)
CORE CITI SOLUTIONS LTD
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Called up share capital not paid33
Fixed assets
Tangible assets31,223,7981,225,583
1,223,7981,225,583
Current assets
Debtors36,28831,177
Cash at bank and on hand3,4608,003
39,74839,180
Creditors amounts falling due within one year4(39,281)(44,588)
Net current assets (liabilities)470(5,405)
Total assets less current liabilities1,224,2681,220,178
Creditors amounts falling due after one year5(854,331)(850,449)
Net assets369,937369,729
Capital and reserves
Called up share capital33
Revaluation reserve331,000331,000
Profit and loss account38,93438,726
Shareholders' funds369,937369,729
The financial statements were approved and authorised for issue by the Director on 26 July 2024, and are signed on its behalf by:
KEANE, Robert Antony
Director
Registered Company No. SC440177
CORE CITI SOLUTIONS LTD
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings10
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 01 November 221,208,05317,8551,225,908
At 31 October 231,208,05317,8551,225,908
Depreciation and impairment
At 01 November 22-325325
Charge for year-1,7851,785
At 31 October 23-2,1102,110
Net book value
At 31 October 231,208,05315,7451,223,798
At 31 October 221,208,05317,5301,225,583
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables6527,518
Bank borrowings and overdrafts1,21817,400
Taxation and social security12,9108,833
Other creditors902358
Accrued liabilities and deferred income23,59910,479
Total39,28144,588
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.
5.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts845,208830,281
Other creditors9,12320,168
Total854,331850,449