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CITY RESIDENTIAL LIMITED

Unaudited Financial Statements

for the Year Ended 30th September 2024






CITY RESIDENTIAL LIMITED (REGISTERED NUMBER: 04107612)






Contents of the Financial Statements
for the year ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CITY RESIDENTIAL LIMITED

Company Information
for the year ended 30th September 2024







DIRECTORS: A J Bevan
Mrs K Rogerson-Bevan





REGISTERED OFFICE: 1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH





REGISTERED NUMBER: 04107612 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

CITY RESIDENTIAL LIMITED (REGISTERED NUMBER: 04107612)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 164,830 -
Tangible assets 5 22,297 4,289
187,127 4,289

CURRENT ASSETS
Debtors 6 10,260 54,484
Cash at bank and in hand 148,671 108,191
158,931 162,675
CREDITORS
Amounts falling due within one year 7 164,288 109,740
NET CURRENT (LIABILITIES)/ASSETS (5,357 ) 52,935
TOTAL ASSETS LESS CURRENT LIABILITIES 181,770 57,224

CREDITORS
Amounts falling due after more than one
year

8

70,667

16,667
NET ASSETS 111,103 40,557

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 111,003 40,457
SHAREHOLDERS' FUNDS 111,103 40,557

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

CITY RESIDENTIAL LIMITED (REGISTERED NUMBER: 04107612)

Balance Sheet - continued
30th September 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 5th November 2024 and were signed on its behalf by:





A J Bevan - Director


CITY RESIDENTIAL LIMITED (REGISTERED NUMBER: 04107612)

Notes to the Financial Statements
for the year ended 30th September 2024

1. STATUTORY INFORMATION

City Residential 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgments and estimates have been made include depreciation of fixed assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Plant and machinery - 25% on reducing balance
- Fixtures and fittings - 20% on reducing balance

Financial instruments
Debtors, creditors and directors loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid.

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.


CITY RESIDENTIAL LIMITED (REGISTERED NUMBER: 04107612)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

2. ACCOUNTING POLICIES - continued
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 18 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 173,505
At 30th September 2024 173,505
AMORTISATION
Charge for year 8,675
At 30th September 2024 8,675
NET BOOK VALUE
At 30th September 2024 164,830

CITY RESIDENTIAL LIMITED (REGISTERED NUMBER: 04107612)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st October 2023 32,078 113,854 - 145,932
Additions - 2,148 22,989 25,137
At 30th September 2024 32,078 116,002 22,989 171,069
DEPRECIATION
At 1st October 2023 31,905 109,738 - 141,643
Charge for year 43 1,339 5,747 7,129
At 30th September 2024 31,948 111,077 5,747 148,772
NET BOOK VALUE
At 30th September 2024 130 4,925 17,242 22,297
At 30th September 2023 173 4,116 - 4,289

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,594 7,833
Amounts owed by group undertakings - 45,848
Directors' current accounts 674 -
Prepayments and accrued income 2,992 803
10,260 54,484

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 7,174 8,074
Taxation and social security 98,591 61,816
Other creditors 48,523 29,850
164,288 109,740

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,667 16,667
Other creditors 64,000 -
70,667 16,667

CITY RESIDENTIAL LIMITED (REGISTERED NUMBER: 04107612)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2024 and 30th September 2023:

2024 2023
£    £   
A J Bevan
Balance outstanding at start of year - -
Amounts advanced 674 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 674 -

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £108,000 (2023 - £108,000) were paid to Forvan Holdings Limited, a company under the control of Mr A J Bevan and Mrs K Rogerson-Bevan who are directors of City Residential Limited.

Included in other creditors is the sum of £nil (2023 - £9,594 ) owing to Mr A J Bevan, company director and shareholder.

Included in other debtors is the sum of £nil (2023 - £45,848) owing from Forvan Holdings Limited, a company under the control of Mr A J Bevan and Mrs K Rogerson-Bevan who are directors of City Residential Limited.