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REGISTERED NUMBER: 05283131 (England and Wales)















Financial Statements

for the Year Ended 31 March 2024

for

City Skyline Ltd

City Skyline Ltd (Registered number: 05283131)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


City Skyline Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J Hale





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 05283131 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

City Skyline Ltd (Registered number: 05283131)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Property, plant and equipment 6 2,167 1,543
Investments 7 1,400 1,400
3,567 2,943

CURRENT ASSETS
Debtors 8 18,147 25,329
Cash at bank 446,261 369,671
464,408 395,000
CREDITORS
Amounts falling due within one year 9 (54,034 ) (38,584 )
NET CURRENT ASSETS 410,374 356,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

413,941

359,359

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 413,841 359,259
SHAREHOLDERS' FUNDS 413,941 359,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Skyline Ltd (Registered number: 05283131)

Statement of Financial Position - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 August 2024 and were signed by:





J Hale - Director


City Skyline Ltd (Registered number: 05283131)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

City Skyline Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised 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 recognised 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

City Skyline Ltd (Registered number: 05283131)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 14,500
Amortisation
At 1 April 2023
and 31 March 2024 14,500
Net book value
At 31 March 2024 -
At 31 March 2023 -

6. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 April 2023 1,900 525 2,425
Additions - 1,082 1,082
At 31 March 2024 1,900 1,607 3,507
Depreciation
At 1 April 2023 396 486 882
Charge for year 313 145 458
At 31 March 2024 709 631 1,340
Net book value
At 31 March 2024 1,191 976 2,167
At 31 March 2023 1,504 39 1,543

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1 April 2023
and 31 March 2024 1,400
Net book value
At 31 March 2024 1,400
At 31 March 2023 1,400

City Skyline Ltd (Registered number: 05283131)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors 147 137
Prepayments and accrued income 18,000 25,192
18,147 25,329

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors - 2,580
Tax 8,473 -
Social security and other taxes 1,308 753
VAT 14,531 7,800
Other creditors 20,625 19,509
Accruals and deferred income 9,097 7,942
54,034 38,584