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REGISTERED NUMBER: 01174307 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

CIBO GROCERIES LIMITED

CIBO GROCERIES LIMITED (REGISTERED NUMBER: 01174307)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


CIBO GROCERIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTOR: Mrs Marina Panayiotou





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 01174307 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

CIBO GROCERIES LIMITED (REGISTERED NUMBER: 01174307)

ABRIDGED STATEMENT OF FINANCIAL POSITION
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 550,000 550,000

CURRENT ASSETS
Debtors - 8,882
Cash at bank 123,020 96,883
123,020 105,765
CREDITORS
Amounts falling due within one year 10,243 8,716
NET CURRENT ASSETS 112,777 97,049
TOTAL ASSETS LESS CURRENT
LIABILITIES

662,777

647,049

PROVISIONS FOR LIABILITIES 6 101,077 101,077
NET ASSETS 561,700 545,972

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Fair value reserve 8 430,906 430,906
Retained earnings 129,794 114,066
SHAREHOLDERS' FUNDS 561,700 545,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

CIBO GROCERIES LIMITED (REGISTERED NUMBER: 01174307)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
5 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 5 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 September 2024 and were signed by:





Mrs Marina Panayiotou - Director


CIBO GROCERIES LIMITED (REGISTERED NUMBER: 01174307)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024


1. STATUTORY INFORMATION

CIBO Groceries Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01174307 and registered office address is c/o Michael Filiou Ltd, Salisbury House, 81 High Street, Hertfordshire, EN6 5AS.

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
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" and Companies Act 2006.

The financial statements have been prepared under the historical cost basis except for the modification to a fair value basis for certain fixed assets as specified in the accounting policies below.

The financial statements are presented in Sterling (£) which is the functional currency of the company.

Turnover
Turnover represents rental income from operating leases over the term of the lease.

Investment property
The freehold property is held for long-term investment. Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties whose fair value can be measured reliably are carried at fair value. The surplus or deficit is recognised in the income statement accumulated in the non-distributable reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the income statement for the period. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.


CIBO GROCERIES LIMITED (REGISTERED NUMBER: 01174307)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


3. 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.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY


Fair value at 5 April 2024 is represented by:
£   
Valuation in 2017 531,983
Cost 18,017
550,000

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 101,077 101,077

Deferred
tax
£   
Balance at 6 April 2023 101,077
Deferred tax on revaluation
reserve
Balance at 5 April 2024 101,077

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

CIBO GROCERIES LIMITED (REGISTERED NUMBER: 01174307)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


8. RESERVES
Fair
value
reserve
£   
At 6 April 2023
and 5 April 2024 430,906

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs Marina Panayiotou.