1 November 2023 false Taxfiler 2024.6 11024351business:PrivateLimitedCompanyLtd2023-11-012024-10-31 110243512023-10-31 110243512023-11-012024-10-31 11024351business:AuditExempt-NoAccountantsReport2023-11-012024-10-31 11024351business:FilletedAccounts2023-11-012024-10-31 110243512024-10-31 11024351business:Director12023-11-012024-10-31 11024351business:CompanySecretary12023-11-012024-10-31 11024351business:RegisteredOffice2023-11-012024-10-31 110243512023-10-31 11024351core:WithinOneYear2024-10-31 11024351core:WithinOneYear2023-10-31 11024351core:AfterOneYear2024-10-31 11024351core:AfterOneYear2023-10-31 11024351core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 11024351core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 11024351core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 11024351core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 11024351core:PreviouslyStatedAmount2024-10-31 11024351core:PreviouslyStatedAmount2023-10-31 11024351business:SmallEntities2023-11-012024-10-31 11024351countries:EnglandWales2023-11-012024-10-31 11024351core:FurnitureFittings2023-11-012024-10-31 11024351core:FurnitureFittings2023-10-31 11024351core:FurnitureFittings2024-10-31 11024351business:OrdinaryShareClass12023-11-012024-10-31 11024351business:OrdinaryShareClass12022-11-012023-10-31 110243512022-11-012023-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11024351 (England and Wales)
CITYGATE PROPERTY LTD Financial Accounts for the year ended 31 October 2024
CITYGATE PROPERTY LTD Financial Accounts Contents
Page
- 2 -
CITYGATE PROPERTY LTD Company Information for the year ended 31 October 2024
Director
MD RASHED AHMED
Secretary
MD RASHED AHMED
Company Number
11024351 (England and Wales)
Registered Office
EAST LONDON BUSINESS CENTRE 93-101 GREENFIELD ROAD LONDON E1 1EJ
- 3 -
CITYGATE PROPERTY LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
100 
100 
Fixed assets
Tangible assets
564 
705 
Investment property
898,500 
488,500 
899,064 
489,205 
Current assets
Cash at bank and in hand
25,264 
25,139 
Creditors: amounts falling due within one year
- 
(61,764)
Net current assets/(liabilities)
25,264 
(36,625)
Total assets less current liabilities
924,428 
452,680 
Creditors: amounts falling due after more than one year
(919,511)
(467,377)
Net assets/(liabilities)
4,917 
(14,697)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
4,817 
(14,797)
Shareholders' funds
4,917 
(14,697)
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 November 2024 and were signed on its behalf by
MD RASHED AHMED Director Company Registration No. 11024351
- 4 -
CITYGATE PROPERTY LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
CITYGATE PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 11024351. The registered office is EAST LONDON BUSINESS CENTRE, 93-101 GREENFIELD ROAD, LONDON, E1 1EJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments
Investments in shares are included at fair value.
- 5 -
CITYGATE PROPERTY LTD Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2023
2,151 
At 31 October 2024
2,151 
Depreciation
At 1 November 2023
1,446 
Charge for the year
141 
At 31 October 2024
1,587 
Net book value
At 31 October 2024
564 
At 31 October 2023
705 
5
Investment property
2024 
£ 
Fair value at 1 November 2023
488,500 
Additions
410,000 
At 31 October 2024
898,500 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
53,051 
Accruals
- 
8,713 
- 
61,764 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
313,651 
5,869 
Loans from directors
602,860 
458,508 
Accruals
3,000 
3,000 
919,511 
467,377 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2023: 2).
- 6 -