Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseProperty rental11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04944123 2023-07-01 2024-06-30 04944123 2022-07-01 2023-06-30 04944123 2024-06-30 04944123 2023-06-30 04944123 2022-07-01 04944123 c:Director1 2023-07-01 2024-06-30 04944123 d:FreeholdInvestmentProperty 2023-07-01 2024-06-30 04944123 d:FreeholdInvestmentProperty 2024-06-30 04944123 d:FreeholdInvestmentProperty 2023-06-30 04944123 d:CurrentFinancialInstruments 2024-06-30 04944123 d:CurrentFinancialInstruments 2023-06-30 04944123 d:Non-currentFinancialInstruments 2024-06-30 04944123 d:Non-currentFinancialInstruments 2023-06-30 04944123 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 04944123 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04944123 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 04944123 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 04944123 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 04944123 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 04944123 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 04944123 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 04944123 d:ShareCapital 2024-06-30 04944123 d:ShareCapital 2023-06-30 04944123 d:RevaluationReserve 2024-06-30 04944123 d:RevaluationReserve 2023-06-30 04944123 d:RetainedEarningsAccumulatedLosses 2024-06-30 04944123 d:RetainedEarningsAccumulatedLosses 2023-06-30 04944123 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 04944123 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 04944123 c:OrdinaryShareClass1 2023-07-01 2024-06-30 04944123 c:OrdinaryShareClass1 2024-06-30 04944123 c:OrdinaryShareClass1 2023-06-30 04944123 c:FRS102 2023-07-01 2024-06-30 04944123 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04944123 c:FullAccounts 2023-07-01 2024-06-30 04944123 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04944123 2 2023-07-01 2024-06-30 04944123 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 04944123









CITRIX LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
CITRIX LIMITED
REGISTERED NUMBER: 04944123

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
2,191,418
1,914,320

  
2,191,418
1,914,320

Current assets
  

Debtors: amounts falling due within one year
 5 
15,499
10,094

Cash at bank and in hand
 6 
53,493
47,533

  
68,992
57,627

Creditors: amounts falling due within one year
 7 
(871,479)
(593,031)

Net current liabilities
  
 
 
(802,487)
 
 
(535,404)

Total assets less current liabilities
  
1,388,931
1,378,916

Creditors: amounts falling due after more than one year
 8 
(6,948)
(11,771)

Provisions for liabilities
  

Deferred tax
  
(180,048)
(180,048)

Net assets
  
1,201,935
1,187,097


Capital and reserves
  

Called up share capital 
 11 
1
1

Revaluation reserve
  
813,296
813,296

Profit and loss account
  
388,638
373,800

  
1,201,935
1,187,097


Page 1

 
CITRIX LIMITED
REGISTERED NUMBER: 04944123
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 November 2024.




Mr S Kinloch
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CITRIX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Citrix Limited is a private company limited by shares incorporated in England and Wales . The registered office is Unit 2 Cliffe Court , George Summers Close , Medway City Estate , Rochester , Kent , ME2 4GU. The principal activity of the company continues to be that of property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue in the form of rental income is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue in the form of rental income is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
CITRIX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the management and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
CITRIX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
1,914,320


Additions at cost
277,098



At 30 June 2024
2,191,418

The 2024 valuations were made by the director, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1,216,532
920,976

1,216,532
920,976

Page 5

 
CITRIX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
7,723
3,376

Prepayments and accrued income
7,776
6,718

15,499
10,094



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
53,493
47,533

53,493
47,533



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,949
5,950

Trade creditors
9,408
5,853

Corporation tax
3,853
8,180

Other creditors
842,412
565,728

Accruals and deferred income
9,857
7,320

871,479
593,031


The bank loans are secured by a fixed and floating charge over the assets of the company and charges over specific investment properties.

Page 6

 
CITRIX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,948
11,771

6,948
11,771


The bank loans are secured by a fixed and floating charge over the assets of the company and charges over specific investment properties.


9.


Loans


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,949
5,950

Amounts falling due 1-2 years

Bank loans
6,948
5,949

Amounts falling due 2-5 years

Bank loans
-
5,822


12,897
17,721


Page 7

 
CITRIX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Deferred taxation




2024
2023


£

£






At beginning of year
(180,048)
(180,048)



At end of year
(180,048)
(180,048)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


On revaluation of property
(180,048)
(180,048)

(180,048)
(180,048)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



12.


Investment property reserve

2024
2023
£
£



At the begining of the year
813,296
813,296

Revaluation in the year
-
-

813,296
813,296


13.


Related party transactions

As at 30 June 2024, the company owed Kinlochs and Son Holdings Limited, a company under common control  £830,616 (2023 - £552,768).

Page 8

 
CITRIX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

14.


Controlling party

The company is under the ultimate control of it's director, Mr S Kinloch, who owns 100% of the issued share capital.

 
Page 9