CITY RESTORATION PROJECT LTD

Company Registration Number:
SC622988 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

CITY RESTORATION PROJECT LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

CITY RESTORATION PROJECT LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 605,474 619,011
Total fixed assets: 605,474 619,011
Current assets
Stocks: 975,801 798,450
Debtors: 4 282,537 38,265
Cash at bank and in hand: 327,754 275,106
Total current assets: 1,586,092 1,111,821
Creditors: amounts falling due within one year: 5 (831,973) (844,573)
Net current assets (liabilities): 754,119 267,248
Total assets less current liabilities: 1,359,593 886,259
Creditors: amounts falling due after more than one year: 6 (758,257) (404,363)
Provision for liabilities: (19,481) (5,805)
Total net assets (liabilities): 581,855 476,091
Capital and reserves
Called up share capital: 2,000 2,000
Profit and loss account: 579,855 474,091
Shareholders funds: 581,855 476,091

The notes form part of these financial statements

CITY RESTORATION PROJECT LTD

Balance sheet statements

For the year ending 31 March 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 January 2025
and signed on behalf of the board by:

Name: Ddean Gowans
Status: Director

The notes form part of these financial statements

CITY RESTORATION PROJECT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

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

Turnover policy

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

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates: plant and machinery - 25% on cost; motor vehicles 25% on cost; computer equipment 33% on cost.

Other accounting policies

Stocks - Work-in-progress is valued at the lower of cost and net realisable value.

CITY RESTORATION PROJECT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

CITY RESTORATION PROJECT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 646,117
Additions 574
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2024 646,691
Depreciation
At 01 April 2023 27,106
Charge for year 14,111
On disposals 0
Other adjustments 0
At 31 March 2024 41,217
Net book value
At 31 March 2024 605,474
At 31 March 2023 619,011

CITY RESTORATION PROJECT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

Trade debtors £260,886; Other debtors £21,651

CITY RESTORATION PROJECT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

Bank loans and overdrafts - £8,000; Hire purchase contracts - £4,656; Taxation and social policy - £12,009; Other creditors - £807,308

CITY RESTORATION PROJECT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

Bank loans - £720,540; Hire purchase contracts - £10,088; Other creditors - £27,629; Amounts falling due in more than 5 years - £158,272

CITY RESTORATION PROJECT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Post balance sheet events

Sales of properties totalling £1,515,055 were realised after 31 March 2024.