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REGISTERED NUMBER: 08020643 (England and Wales)
















CITYGROVE DEVELOPMENTS LIMITED
TRADING AS
GHIACCIO PROSECCO

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






CITYGROVE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08020643)
TRADING AS GHIACCIO PROSECCO






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CITYGROVE DEVELOPMENTS LIMITED
TRADING AS GHIACCIO PROSECCO

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: I. Drury





REGISTERED OFFICE: 21 Lodge Lane
Grays
Essex
RM17 5RY





BUSINESS ADDRESS: Unit 1 Springfield Industrial Estate
Springfield Road
Burnham-on-Crouch
Essex
CM0 8UA





REGISTERED NUMBER: 08020643 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

CITYGROVE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08020643)
TRADING AS GHIACCIO PROSECCO

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,147 1,434

CURRENT ASSETS
Debtors 5 389 6,082
Cash at bank 3,564 3,366
3,953 9,448
CREDITORS
Amounts falling due within one year 6 18,219 12,651
NET CURRENT LIABILITIES (14,266 ) (3,203 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,119

)

(1,769

)

CREDITORS
Amounts falling due after more than one
year

7

15,000

25,000
NET LIABILITIES (28,119 ) (26,769 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (28,120 ) (26,770 )
SHAREHOLDERS' FUNDS (28,119 ) (26,769 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

CITYGROVE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08020643)
TRADING AS GHIACCIO PROSECCO

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 1 July 2024 and were signed by:





I. Drury - Director


CITYGROVE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08020643)
TRADING AS GHIACCIO PROSECCO

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Citygrove Developments 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.

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


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.

The financial statements have been prepared on a going concern basis as various associated companies have undertaken to provide continuing financial support to enable the company to meet its liabilities as they fall due.

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.
Motor vehicles - 20% on reducing balance

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.


CITYGROVE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08020643)
TRADING AS GHIACCIO PROSECCO

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 3,500
DEPRECIATION
At 1 January 2023 2,066
Charge for year 287
At 31 December 2023 2,353
NET BOOK VALUE
At 31 December 2023 1,147
At 31 December 2022 1,434

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 389 6,082

CITYGROVE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08020643)
TRADING AS GHIACCIO PROSECCO

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,907
Other creditors 8,219 1,744
18,219 12,651

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 15,000 25,000

The bank loan shown within creditors is guaranteed by the government under the Bounce Back Loan Scheme.