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REGISTERED NUMBER: 09819672 (England and Wales)














Financial Statements for the Year Ended 31 March 2024

for

City Law Chambers Limited

City Law Chambers Limited (Registered number: 09819672)






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


City Law Chambers Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs S Khan
M Mahmood





REGISTERED OFFICE: 22 Guildford Street
Luton
LU1 2NR





REGISTERED NUMBER: 09819672 (England and Wales)





ACCOUNTANTS: Farrell & Co
1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP

City Law Chambers Limited (Registered number: 09819672)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,483 39,438

CURRENT ASSETS
Debtors 5 1,086,653 932,000
Cash at bank 937,639 1,022,290
2,024,292 1,954,290
CREDITORS
Amounts falling due within one year 6 532,732 397,274
NET CURRENT ASSETS 1,491,560 1,557,016
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,541,043

1,596,454

PROVISIONS FOR LIABILITIES 2,279 -
NET ASSETS 1,538,764 1,596,454

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,538,762 1,596,452
1,538,764 1,596,454

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.

City Law Chambers Limited (Registered number: 09819672)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





Mrs S Khan - Director


City Law Chambers Limited (Registered number: 09819672)

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

1. STATUTORY INFORMATION

City Law Chambers 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.

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 etc - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2023 - 4 ) .

City Law Chambers Limited (Registered number: 09819672)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 69,908
Additions 26,537
At 31 March 2024 96,445
DEPRECIATION
At 1 April 2023 30,470
Charge for year 16,492
At 31 March 2024 46,962
NET BOOK VALUE
At 31 March 2024 49,483
At 31 March 2023 39,438

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 493,527 422,918
Amounts owed by associates 508,253 508,253
Other debtors 84,873 829
1,086,653 932,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2 (2 )
Taxation and social security 39,775 187,292
Other creditors 492,955 209,984
532,732 397,274