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REGISTERED NUMBER: 06490880 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CITYSTAY LIMITED

CITYSTAY LIMITED (REGISTERED NUMBER: 06490880)






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


CITYSTAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: N A Fernandez
A M Fernandez
D K Fitzhenry
K E Goodsell
K M Hill





REGISTERED OFFICE: 2 Nuffield Close
Cambridge
Cambridgeshire
CB4 1SS





REGISTERED NUMBER: 06490880 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

CITYSTAY LIMITED (REGISTERED NUMBER: 06490880)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 2,489 3,932
Tangible assets 6 47,181 53,755
49,670 57,687

CURRENT ASSETS
Debtors 7 1,020,748 1,162,832
Cash at bank 144,460 167,881
1,165,208 1,330,713
CREDITORS
Amounts falling due within one year 8 (801,627 ) (694,768 )
NET CURRENT ASSETS 363,581 635,945
TOTAL ASSETS LESS CURRENT LIABILITIES 413,251 693,632

CREDITORS
Amounts falling due after more than one year 9 (128,351 ) (210,061 )

PROVISIONS FOR LIABILITIES (12,417 ) (14,422 )
NET ASSETS 272,483 469,149

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 272,473 469,139
272,483 469,149

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.

CITYSTAY LIMITED (REGISTERED NUMBER: 06490880)

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by:





K M Hill - Director


CITYSTAY LIMITED (REGISTERED NUMBER: 06490880)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Citystay 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. 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
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 from the provision of serviced apartments, excluding discounts, rebates, value added tax and other sales taxes.

Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated
depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the
useful economic life of that asset as follows:

Leasehold improvements - 25% reducing balance
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate
benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line
basis.

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.

CITYSTAY LIMITED (REGISTERED NUMBER: 06490880)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2023 - 46 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 14,425
AMORTISATION
At 1 April 2023 10,493
Charge for year 1,443
At 31 March 2024 11,936
NET BOOK VALUE
At 31 March 2024 2,489
At 31 March 2023 3,932

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 8,935 361,328 370,263
Additions - 9,235 9,235
Disposals - (11,150 ) (11,150 )
At 31 March 2024 8,935 359,413 368,348
DEPRECIATION
At 1 April 2023 7,711 308,797 316,508
Charge for year 1,224 13,457 14,681
Eliminated on disposal - (10,022 ) (10,022 )
At 31 March 2024 8,935 312,232 321,167
NET BOOK VALUE
At 31 March 2024 - 47,181 47,181
At 31 March 2023 1,224 52,531 53,755

CITYSTAY LIMITED (REGISTERED NUMBER: 06490880)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 289,305 169,151
Checkedinn loan account 31,997 216,000
Clean sheet loan account 53,154 -
Rent and deposit 143,215 145,963
Regent by City Stay 348,863 388,863
Prepayments and accrued income 45,039 138,949
Prepayments 109,175 103,906
1,020,748 1,162,832

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,963 4,213
Trade creditors 116,708 78,388
Tax - 20,374
Pension 121 2,755
Payroll liability - 26,029
VAT 84,267 78,499
Funding circle loan 81,710 74,626
Fernandez director loan acc 25,000 10,000
Hill and goodsell loan account 29,500 10,000
Customer deposit 35,812 6,638
Accruals 38,893 2,862
Deferred income 72,341 93,154
Regent by City Stay 311,312 287,230
801,627 694,768

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Loan 128,351 210,061

10. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating lease agreements are
£2,971,690 (2023: £3,997,425).