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REGISTERED NUMBER: 12087261 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE CITADEL GROUP LTD

THE CITADEL GROUP LTD (REGISTERED NUMBER: 12087261)






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 3


THE CITADEL GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr B R Xiberras
Mr A Xiberras
Mrs G L Xiberras





REGISTERED OFFICE: 3 Little Park Lane
Epsom
KT17 3DU





REGISTERED NUMBER: 12087261 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

THE CITADEL GROUP LTD (REGISTERED NUMBER: 12087261)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 308 615

CURRENT ASSETS
Stocks 5 88,591 66,876
Debtors 6 157,489 166,676
Cash at bank and in hand 190,005 303,505
436,085 537,057
CREDITORS
Amounts falling due within one year 7 334,794 184,536
NET CURRENT ASSETS 101,291 352,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,599

353,136

CREDITORS
Amounts falling due after more than one year 8 - 26,845
NET ASSETS 101,599 326,291

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 101,499 326,191
SHAREHOLDERS' FUNDS 101,599 326,291

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:




Mr B R Xiberras - Director


THE CITADEL GROUP LTD (REGISTERED NUMBER: 12087261)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

The Citadel Group 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. 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.

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.
Computer equipment - 25% straight line method

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

THE CITADEL GROUP LTD (REGISTERED NUMBER: 12087261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 4,121
DEPRECIATION
At 1 April 2023 3,506
Charge for year 307
At 31 March 2024 3,813
NET BOOK VALUE
At 31 March 2024 308
At 31 March 2023 615

5. STOCKS
2024 2023
£    £   
Closing stock & work in progress 88,591 66,876

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 157,489 166,676

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 10,283
Trade creditors 71 2,772
Taxation and social security 626 23,397
Other creditors 334,097 148,084
334,794 184,536

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 26,845

9. RELATED PARTY DISCLOSURES

Included in debtors, amounts falling due within one year, is an interest free amount of £150,183 (2023: £150,000) owed by a company in in which Mr B Xiberras and Mr A Xiberras are common directors.

Included in creditors, amounts falling due within one year, is an interest free amount of £308,602 (2023: £120,873), owed to the directors and shareholders of the company.

Also included in creditors, amounts falling due within one year, is an interest free amount of £13,611 (2023: £13,611) owed to a company in which Mr B Xiberras and Mr A Xiberras are common directors.

THE CITADEL GROUP LTD (REGISTERED NUMBER: 12087261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. ULTIMATE CONTROLLING PARTY

During the period under review, the company was not under the control of any one individual.