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REGISTERED NUMBER: 09400996 (England and Wales)











Unaudited Financial Statements for the Year Ended 30 June 2024

for

City Road Property Development Limited

City Road Property Development Limited (Registered number: 09400996)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


City Road Property Development Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr J M Taylor





REGISTERED OFFICE: ASM House
103A Keymer Road
Hassocks
West Sussex
BN6 8QL





REGISTERED NUMBER: 09400996 (England and Wales)

City Road Property Development Limited (Registered number: 09400996)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
CURRENT ASSETS
Debtors 4 7,756 7,756
Cash in hand 10 10
7,766 7,766
CREDITORS
Amounts falling due within one year 5 1,127,978 1,127,978
NET CURRENT LIABILITIES (1,120,212 ) (1,120,212 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,120,212

)

(1,120,212

)

CREDITORS
Amounts falling due after more than one year 6 916,977 916,977
NET LIABILITIES (2,037,189 ) (2,037,189 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (2,037,199 ) (2,037,199 )
SHAREHOLDERS' FUNDS (2,037,189 ) (2,037,189 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

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

City Road Property Development Limited (Registered number: 09400996)

Balance Sheet - continued
30 June 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 26 February 2025 and were signed by:





Mr J M Taylor - Director


City Road Property Development Limited (Registered number: 09400996)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

City Road Property Development 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 7,756 7,756

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 64,878 64,878
Other creditors 1,063,100 1,063,100
1,127,978 1,127,978

City Road Property Development Limited (Registered number: 09400996)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 916,977 916,977

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Martyn Thom Loan 206,000 206,000
Spiritbond Group Ltd 710,977 710,977
916,977 916,977

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Martyn N C Thom.

8. GOING CONCERN

The directors are of the opinion that the company is a going concern but that it is reliant on the continued support of its holding company Spiritbond Group Ltd. Spiritbond Group Ltd has confirmed its willingness to continue to support the company.