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REGISTERED NUMBER: 04780740 (England and Wales)






















City Living (Hull) Limited

Unaudited Financial Statements for the Year Ended 31 May 2024






City Living (Hull) Limited (Registered number: 04780740)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


City Living (Hull) Limited

Company Information
for the year ended 31 May 2024







DIRECTOR: M Rozenbroek





REGISTERED OFFICE: 199 West Ella Road
West Ella
Hull
HU10 7SD





REGISTERED NUMBER: 04780740 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

City Living (Hull) Limited (Registered number: 04780740)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,941 9,255
Investment property 5 1,515,000 1,755,000
1,521,941 1,764,255

CURRENT ASSETS
Debtors 6 83,080 46,699
Cash at bank 65,732 117,648
148,812 164,347
CREDITORS
Amounts falling due within one year 7 250,361 464,982
NET CURRENT LIABILITIES (101,549 ) (300,635 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,420,392

1,463,620

PROVISIONS FOR LIABILITIES 38,892 47,198
NET ASSETS 1,381,500 1,416,422

CAPITAL AND RESERVES
Called up share capital 8 450 450
Share premium 9 38,000 38,000
Non-distributable reserve 9 369,150 420,650
Retained earnings 9 973,900 957,322
SHAREHOLDERS' FUNDS 1,381,500 1,416,422

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Living (Hull) Limited (Registered number: 04780740)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:





M Rozenbroek - Director


City Living (Hull) Limited (Registered number: 04780740)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

City Living (Hull) Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
Turnover represents the fair value of rents receivable.

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 etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

City Living (Hull) Limited (Registered number: 04780740)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 33,228
DEPRECIATION
At 1 June 2023 23,973
Charge for year 2,314
At 31 May 2024 26,287
NET BOOK VALUE
At 31 May 2024 6,941
At 31 May 2023 9,255

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 1,755,000
Disposals (188,500 )
Revaluations (51,500 )
At 31 May 2024 1,515,000
NET BOOK VALUE
At 31 May 2024 1,515,000
At 31 May 2023 1,755,000

Fair value at 31st May 2024 is represented by:

Total
£

Cost 1,145,850
Revaluations 369,150
At 31st May 2024 1,515,000

Investment properties were valued on an open market basis on 31st May 2024 by the director.

City Living (Hull) Limited (Registered number: 04780740)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 7,830 7,830
Other debtors 15,000 38,869
22,830 46,699

Amounts falling due after more than one year:
Other debtors 60,250 -

Aggregate amounts 83,080 46,699

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 89,356
Taxation and social security 526 21,824
Other creditors 249,835 353,802
250,361 464,982

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
450 Ordinary £1 450 450

9. RESERVES
Retained Share Non-distributable
earnings premium reserve Totals
£    £    £    £   

At 1 June 2023 957,322 38,000 420,650 1,415,972
Deficit for the year (34,922 ) - - (34,922 )
Transfer on disposal 51,500 - (51,500 ) -
At 31 May 2024 973,900 38,000 369,150 1,381,050

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Rozenbroek by virtue of his controlling shareholding in Meinardus Limited.