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REGISTERED NUMBER: 04127163 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Cityking Properties Ltd

Cityking Properties Ltd (Registered number: 04127163)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cityking Properties Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M G Berry





SECRETARY: J E Berry





REGISTERED OFFICE: 4 Myrtle Street
Bolton
Lancashire
BL1 3AH





REGISTERED NUMBER: 04127163 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Cityking Properties Ltd (Registered number: 04127163)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 5 280,515 280,515

CURRENT ASSETS
Debtors 6 1,205 638
Cash at bank 3,533 3,359
4,738 3,997
CREDITORS
Amounts falling due within one year 7 (97,932 ) (96,801 )
NET CURRENT LIABILITIES (93,194 ) (92,804 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,321

187,711

CREDITORS
Amounts falling due after more than one
year

8

(44,666

)

(51,606

)
NET ASSETS 142,655 136,105

CAPITAL AND RESERVES
Called up share capital 10 235 235
Share premium 79,300 79,300
Retained earnings 63,120 56,570
SHAREHOLDERS' FUNDS 142,655 136,105

Cityking Properties Ltd (Registered number: 04127163)

Balance Sheet - continued
31 March 2024


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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 July 2024 and were signed by:





M G Berry - Director


Cityking Properties Ltd (Registered number: 04127163)

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

1. STATUTORY INFORMATION

Cityking Properties 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.

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.

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.

Investment property is carried at fair value. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 280,515
NET BOOK VALUE
At 31 March 2024 280,515
At 31 March 2023 280,515

The Director is of the opinion that the current market value approximates to carrying amount
There has been no valuation of investment property by an independent valuer.

Cityking Properties Ltd (Registered number: 04127163)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,205 638

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 9,735 9,735
Taxation and social security 1,888 2,588
Other creditors 86,309 84,478
97,932 96,801

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 44,666 51,606

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,732 4,732
Bank loan 2 - under 1yr 5,003 5,003
9,735 9,735

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,732 4,732
Bank loan 2 (1-2 yrs) 5,003 5,003
9,735 9,735

Amounts falling due between two and five years:
Bank loans - 2-5 years 15,004 18,426
Bank loan 2 (2-5 yrs) 19,927 23,445
34,931 41,871

The bank loan is secured by specific assets of the company.

Cityking Properties Ltd (Registered number: 04127163)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
235 Ordinary £1 235 235