Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01Funding of property development projects through third parties22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08969307 2023-05-01 2024-04-30 08969307 2022-05-01 2023-04-30 08969307 2024-04-30 08969307 2023-04-30 08969307 c:Director2 2023-05-01 2024-04-30 08969307 d:CurrentFinancialInstruments 2024-04-30 08969307 d:CurrentFinancialInstruments 2023-04-30 08969307 d:Non-currentFinancialInstruments 2024-04-30 08969307 d:Non-currentFinancialInstruments 2023-04-30 08969307 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08969307 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08969307 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 08969307 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 08969307 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 08969307 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 08969307 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 08969307 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 08969307 d:ShareCapital 2024-04-30 08969307 d:ShareCapital 2023-04-30 08969307 d:RetainedEarningsAccumulatedLosses 2024-04-30 08969307 d:RetainedEarningsAccumulatedLosses 2023-04-30 08969307 c:FRS102 2023-05-01 2024-04-30 08969307 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08969307 c:FullAccounts 2023-05-01 2024-04-30 08969307 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08969307 6 2023-05-01 2024-04-30 08969307 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 08969307









NEON CITY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
NEON CITY LIMITED
REGISTERED NUMBER: 08969307

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investments
 4 
200,113
123

Current assets
  

Debtors: amounts falling due within one year
 5 
332,986
820,557

Current asset investments
 6 
64,903
64,903

Cash at bank and in hand
  
246,719
137,650

  
644,608
1,023,110

Creditors: amounts falling due within one year
 7 
(159,155)
(397,006)

Total assets less current liabilities
  
 
 
685,566
 
 
626,227

Creditors: amounts falling due after more than one year
 8 
(12,500)
(22,500)

Net assets
  
673,066
603,727


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
672,866
603,527

  
673,066
603,727


Page 1

 
NEON CITY LIMITED
REGISTERED NUMBER: 08969307
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider 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 directors acknowledge their 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 income and retained earnings 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 31 January 2025.




R Connolly
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
NEON CITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Neon City Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered number is 08969307. Its registered office is Oak Gates, Bury Road, London, E4 7QL. 

The principal activity during the year continued to be the funding of property development projects through third parties.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Fixed asset investments are in unlisted company shares. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period.

Investments held as current assets represent loans provided to third parties to finance property development projects. These are shown at cost less provision for impairment when it is considered probable that the amount will not be fully recovered.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.4

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.

Page 3

 
NEON CITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Creditors

Short-term creditors are measured at the transaction price.

 
2.7

Finance costs

Finance costs are charged to the Statement of income and retained earnings 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.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 May 2023
123


Additions
200,000


Disposals
(10)



At 30 April 2024
200,113





5.


Debtors

2024
2023
£
£

Amounts owed by joint ventures and associated undertakings
275,050
767,621

Other debtors
57,936
52,936

332,986
820,557

Page 4

 
NEON CITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.Debtors (continued)



6.


Current asset investments

2024
2023
£
£

Unlisted investments
64,903
64,903



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Other creditors
143,019
383,870

Accruals and deferred income
6,136
3,136

159,155
397,006



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,500
22,500


Page 5

 
NEON CITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
2,500
12,500


22,500
32,500



10.


Related party transactions

Within other creditors is an amount of £119,072 (2023 - £359,972) owed to the directors.

 
Page 6