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REGISTERED NUMBER: 12087261 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2024 TO 30 SEPTEMBER 2024

FOR

THE CITADEL GROUP LTD

THE CITADEL GROUP LTD (REGISTERED NUMBER: 12087261)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2024 TO 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


THE CITADEL GROUP LTD

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2024 TO 30 SEPTEMBER 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
30 SEPTEMBER 2024

2024 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 154 308

CURRENT ASSETS
Stocks - 88,591
Debtors 5 197,198 157,489
Cash at bank and in hand 103,688 190,005
300,886 436,085
CREDITORS
Amounts falling due within one year 6 278,337 334,794
NET CURRENT ASSETS 22,549 101,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,703

101,599

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,603 101,499
SHAREHOLDERS' FUNDS 22,703 101,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 28 October 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 PERIOD 1 APRIL 2024 TO 30 SEPTEMBER 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 period 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 period 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 period was NIL (2024 - 3 ).

THE CITADEL GROUP LTD (REGISTERED NUMBER: 12087261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2024 TO 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2024
and 30 September 2024 4,121
DEPRECIATION
At 1 April 2024 3,813
Charge for period 154
At 30 September 2024 3,967
NET BOOK VALUE
At 30 September 2024 154
At 31 March 2024 308

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Other debtors 197,198 157,489

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Trade creditors 1,976 71
Taxation and social security 20,067 626
Other creditors 256,294 334,097
278,337 334,794

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 September 2024 and the year ended 31 March 2024:

2024 2024
£    £   
Mr B R Xiberras
Balance outstanding at start of period (120,176 ) (73,606 )
Amounts advanced 317,191 233,553
Amounts repaid - (280,123 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 197,015 (120,176 )

Interest, at the official rate, amounting to £819 (March 2024: £nil) was charged on the loan account during periods when it was overdrawn. The loan was repaid within nine months of the period end.

THE CITADEL GROUP LTD (REGISTERED NUMBER: 12087261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2024 TO 30 SEPTEMBER 2024

8. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year, is an interest free amount of £136,034 (March 2024: £242,696) owed to the directors.

Also included in creditors, amounts falling due within one year, is an interest free amount of £100,284 (March 2024: £65,642) owed to a shareholder of the company.

Also included in creditors, amounts falling due within one year, is an interest free amount of £13,394 (March 2024: £13,611) owed to a company having Mr B Xiberras and Mr A Xiberras as common directors.

9. ULTIMATE CONTROLLING PARTY

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