2022-11-01 2023-10-31 09739955 CITADEL DEVELOPMENTS LIMITED false 09739955 2022-11-01 2023-10-31 09739955 uk-bus:Director1 2022-11-01 2023-10-31 09739955 uk-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09739955 uk-bus:SmallEntities 2022-11-01 2023-10-31 09739955 uk-bus:FullAccounts 2022-11-01 2023-10-31 09739955 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09739955 2022-11-01 09739955 2023-10-31 09739955 2022-10-31 xbrli:pure iso4217:GBP 09739955 2021-11-01 2022-10-31
Company Registration Number : 09739955 (England and Wales)
09739955
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-10-31
false
CITADEL DEVELOPMENTS LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-11-01
CITADEL DEVELOPMENTS LIMITED
Unaudited filleted financial statements
For the year ended 31 October 2023
CITADEL DEVELOPMENTS LIMITED
Contents
For the year ended 31 October 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


CITADEL DEVELOPMENTS LIMITED
Company Information
For the year ended 31 October 2023

Company registration number 09739955 (England and Wales)
Directors Kashmira Singh Dhesi
Nimrit Dhesi
Registered office address Beggars Roost
Stanwell Road
Horton
Berkshire
SL3 9PE
Accountant DNS Associates
Chartered Institute of Management Accountants
382 Kenton Road
Harrow, Middlesex
HA3 8DP
CITADEL DEVELOPMENTS LIMITED
Statement of Financial Position
For the year ended 31 October 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment 418 523
Investment Property 615,000 359,814
5 615,418 360,337
Current assets
Cash and cash equivalents 4,379 1,792
4,379 1,792
Current liabilities
Creditors: Amounts falling due within one year (55,834) (36,464)
(55,834) (36,464)
Net current (liabilities)/assets (51,455) (34,672)
Total assets less current liabilities 563,963 325,665
Non-current liabilities
Creditors: Amounts falling due after more than one year (655,256) (501,256)
Provision for liabilities (20,532) -
Net (liabilities)/assets (111,826) (175,591)
Capital and reserves
Called up share capital 10,000 10,000
Retained earnings (121,826) (185,591)
Shareholder's funds (111,826) (175,591)
For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 October 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 directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 July 2024
.............................
Kashmira Singh Dhesi (Director)
Company registration number: 09739955
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-10-31 31 October 2023
2023 2022
£ £
Fixed Assets 615,418 360,337
Current Assets 4,379 1,792
Creditors: amounts falling due within one year (55,834) (36,464)
Net current assets (liabilities) (51,455) (34,672)
Total assets less current liabilities 563,963 325,665
CREDITORS: Amounts falling due more than one year (655,256) (501,256)
Provisions for liabilities (20,532) 0
Net Assets (liabilities) (111,826) (175,591)
Capital and Reserves (111,826) (175,591)
For the year ending 31/10/2023 the company was entitled to exemption 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. For the year ending 31-10-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 30 July 2024 2024-07-30 and signed on behalf of the board,
.............................
Kashmira Singh Dhesi
Director
Company registration number: 09739955
CITADEL DEVELOPMENTS LIMITED
Notes to the Financial Statements
For the year ended 31 October 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Beggars Roost, Stanwell Road, Horton, Berkshire, SL3 9PE.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery20% reducing balance
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred Tax
A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of come and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Investment Properties
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognized in profit or
loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it
shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an
ongoing basis.

(4) Employees
During the year, the average number of employees including director was 0 (2022 : 0).

(5) Fixed assets
Tangible

£
Investments
Property
£
Totals

£
Cost
As at 01 November 20222,301359,814362,115
Additions-164,003164,003
Revaluation-91,18391,183
As at 31 October 20232,301615,000617,301
Depreciation/Amortisation
As at 01 November 20221,778-1,778
For the year105-105
As at 31 October 20231,883-1,883
Net book value
As at 31 October 2023418615,000615,418
As at 31 October 2022523359,814360,337

(6) Investment Properties
FRS 102 1a requires deferred tax to be accounted for assets that are subject to revaluation. Consequently, deferred tax amounts to £20,532 was recognized as of 31 October 2023.