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REGISTERED NUMBER: 12227182 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Cityrise Ltd

Cityrise Ltd (Registered number: 12227182)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cityrise Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr S J Morrell





REGISTERED OFFICE: 5 St Davids Court
David Street
Leeds
LS11 5QA





REGISTERED NUMBER: 12227182 (England and Wales)





ACCOUNTANTS: Aysgarth Chartered Accountants
Suite 3b
Kings House
1 King Street
Leeds
LS1 2HH

Cityrise Ltd (Registered number: 12227182)

Balance Sheet
31 July 2024

31/7/24 31/7/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,716 23,443

CURRENT ASSETS
Debtors 5 206,784 72,909
Cash at bank and in hand 606,569 537,173
813,353 610,082
CREDITORS
Amounts falling due within one year 6 231,072 248,683
NET CURRENT ASSETS 582,281 361,399
TOTAL ASSETS LESS CURRENT LIABILITIES 631,997 384,842

CREDITORS
Amounts falling due after more than one
year

7

(9,640

)

(19,908

)

PROVISIONS FOR LIABILITIES (12,400 ) (5,900 )
NET ASSETS 609,957 359,034

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 609,955 359,032
609,957 359,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Cityrise Ltd (Registered number: 12227182)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 February 2025 and were signed by:





Mr S J Morrell - Director


Cityrise Ltd (Registered number: 12227182)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Cityrise Ltd 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 33.3% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

All tangible fixed assets are recorded at cost, being purchase price, less accumulated depreciation.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 12 ) .

Cityrise Ltd (Registered number: 12227182)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 - 28,291 22,330 50,621
Additions 22,577 19,638 9,644 51,859
At 31 July 2024 22,577 47,929 31,974 102,480
DEPRECIATION
At 1 August 2023 - 17,280 9,898 27,178
Charge for year 5,645 11,984 7,957 25,586
At 31 July 2024 5,645 29,264 17,855 52,764
NET BOOK VALUE
At 31 July 2024 16,932 18,665 14,119 49,716
At 31 July 2023 - 11,011 12,432 23,443

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 174,582 56,971
Other debtors 32,202 15,938
206,784 72,909

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans and overdrafts 10,268 10,015
Trade creditors 30,100 13,676
Taxation and social security 138,938 192,027
Other creditors 51,766 32,965
231,072 248,683

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans 9,640 19,908

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S J Morrell.