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REGISTERED NUMBER: 02168651 (England and Wales)
















CITYSCHEME LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






CITYSCHEME LIMITED (REGISTERED NUMBER: 02168651)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

CITYSCHEME LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: P.L. Healey
D. Gardner





REGISTERED OFFICE: 14 Hemmells
Laindon
Basildon
Essex
SS15 6ED





REGISTERED NUMBER: 02168651 (England and Wales)

CITYSCHEME LIMITED (REGISTERED NUMBER: 02168651)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2 2

CREDITORS
Amounts falling due within one year 5 112,225 112,225
NET CURRENT LIABILITIES (112,225 ) (112,225 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(112,223

)

(112,223

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (113,223 ) (113,223 )
(112,223 ) (112,223 )

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 30 April 2024.

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

CITYSCHEME LIMITED (REGISTERED NUMBER: 02168651)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





P.L. Healey - Director


CITYSCHEME LIMITED (REGISTERED NUMBER: 02168651)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Cityscheme 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.

The Company has net liabilities at the year end. The parent company has the ability to and will continue to provide financial support so that the Company will be able to meet its financial obligations as and when they fall due for at least 12 months from the date of signing these accounts. On this basis the directors believe that the adoption of the going concern concept is appropriate.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 2
NET BOOK VALUE
At 30 April 2024 2
At 30 April 2023 2

CITYSCHEME LIMITED (REGISTERED NUMBER: 02168651)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19 19
Amounts owed to group undertakings 105,949 105,949
Other creditors 5,782 5,782
Accruals 475 475
112,225 112,225

6. RELATED PARTY DISCLOSURES

As the Company is a wholly owned subsidiary of Notsallow 134 Limited the Company has taken advantage of the exemption in FRS102 disclosure 33.1A and has therefore not disclosed transactions or balances with other wholly-owned subsidiaries which form part of the group headed by Vertical Group Limited. The consolidated financial statements, within which this company is included, can be obtained from 14 Hemmells, Laindon, Essex, SS15 6ED.

Transactions with companies not wholly owned by the group are as follows:

As at 30 April 2024 the Company owed £4,447 (2023: £4,447 ) to MI Telecom Limited, a company controlled by Notsallow 134 Limited.

7. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking of this Company as at the year ended 30 April 2024 was Vertical Group Limited which is incorporated in England and registered in England and Wales.

The immediate parent undertaking and controlling party of this company is Notsallow 134 Limited which is incorporated in England and registered in England and Wales. The largest and smallest group of undertakings which include this company and for which consolidated accounts have been drawn up is that headed by Vertical Group Limited. The address where these accounts can be found is: 14 Hemmells, Laindon, Basildon, Essex, SS15 6ED.

The ultimate controlling party is Mr P L Healey.