FIRST CITY ADVERTISING FACILITIES LIMITED

Company Registration Number:
01710224 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 January 2023

End date: 29 February 2024

FIRST CITY ADVERTISING FACILITIES LIMITED

Contents of the Financial Statements

for the Period Ended 29 February 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

FIRST CITY ADVERTISING FACILITIES LIMITED

Company Information

for the Period Ended 29 February 2024




Registered office: 22
Goodge Place
London
W1T 4SL
Company Registration Number: 01710224 (England and Wales)

FIRST CITY ADVERTISING FACILITIES LIMITED

Balance sheet

As at 29 February 2024


Notes
14 months to
29 Feb 2024
£

2022
£
Fixed assets
Tangible assets: 4 3,185,143 2,875,000
Total fixed assets: 3,185,143 2,875,000
Current assets
Debtors: 5 3,173 4,293
Cash at bank and in hand: 78,182 55,580
Total current assets: 81,355 59,873
Creditors: amounts falling due within one year: 6 ( 75,000 ) ( 11,518 )
Net current assets (liabilities): 6,355 48,355
Total assets less current liabilities: 3,191,498 2,923,355
Creditors: amounts falling due after more than one year: 7 ( 3,100,000 )
Total net assets (liabilities): 91,498 2,923,355

The notes form part of these financial statements

FIRST CITY ADVERTISING FACILITIES LIMITED

Balance sheet continued

As at 29 February 2024


Notes
14 months to
29 Feb 2024
£

2022
£
Capital and reserves
Called up share capital: 120 120
Revaluation reserve: 8 148,922 1,554,725
Profit and loss account: ( 57,544 ) 1,368,510
Shareholders funds: 91,498 2,923,355

For the year ending 29 February 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 29 November 2024
And Signed On Behalf Of The Board By:

Name: ABDOLEMAM KAABI POUZEH
Status: Director

The notes form part of these financial statements

FIRST CITY ADVERTISING FACILITIES LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FIRST CITY ADVERTISING FACILITIES LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    14 months to
    29 Feb 2024

    2022
    Average number of employees during the period 0 0

FIRST CITY ADVERTISING FACILITIES LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 3. Off balance sheet disclosure

    No

FIRST CITY ADVERTISING FACILITIES LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Tangible assets

Land & buildings Fixtures & fittings Office equipment Total
Cost £ £ £ £
At 01 January 2023 2,875,000 - - 2,875,000
Additions 148,922 154,114 7,107 310,143
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 29 February 2024 3,023,922 154,114 7,107 3,185,143
Depreciation
At 01 January 2023 - - - -
Charge for year - - - -
On disposals - - - -
Other adjustments - - - -
At 29 February 2024 - - - -
Net book value
At 29 February 2024 3,023,922 154,114 7,107 3,185,143
At 31 December 2022 2,875,000 - - 2,875,000

Shareholding changed in june 2023 and new director decided to transfer investment property to property and building and valued at sale price

FIRST CITY ADVERTISING FACILITIES LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Debtors

14 months to
29 Feb 2024
£

2022
£
Trade debtors 381
Other debtors 2,792 4,293
Total 3,173 4,293

FIRST CITY ADVERTISING FACILITIES LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

6.Creditors: amounts falling due within one year note

14 months to
29 Feb 2024
£

2022
£
Other creditors 75,000 11,518
Total 75,000 11,518

FIRST CITY ADVERTISING FACILITIES LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

7.Creditors: amounts falling due after more than one year

14 months to
29 Feb 2024
£

2022
£
Other creditors 3,100,000
Total 3,100,000

FIRST CITY ADVERTISING FACILITIES LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

8. Revaluation reserve

14 months to
29 Feb 2024
£
Balance at 01 January 2023 1,554,725
Surplus or deficit after revaluation ( 1,405,803 )
Balance at 29 February 2024 148,922

Adjusted because of the transfer of property