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Registered Number: 11414638
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 March 2024

for

SERVICED CITY APARTMENTS LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 2,630    1,766 
2,630    1,766 
Current assets      
Debtors 6,662    7,944 
Cash at bank and in hand 11,716    2,962 
18,378    10,906 
Creditors: amount falling due within one year (61,968)   (15,627)
Net current assets (43,590)   (4,721)
 
Total assets less current liabilities (40,960)   (2,955)
Creditors: amount falling due after more than one year (33,126)   (38,838)
Net assets (74,086)   (41,793)
 

Capital and reserves
     
Called up share capital 4 1    1 
Profit and loss account (74,087)   (41,794)
Shareholders' funds (74,086)   (41,793)
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

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

The directors' of the company have elected not to include the Income Statement within the financial statements.  
The financial statements were approved by the board of directors on 27 March 2025 and were signed on its behalf by:


-------------------------------
A Grubliauskas
Director
1
General Information
Serviced City Apartments Ltd is a company limited by shares and is incorporated in England and Wales. The address of the registered office is First Floor, 24 High Street, Kings Heath, Birmingham, West Midlands, B14 7JT. The nature of the company's operations and its principal activity was that of a property rental and furnished holiday let business.
1.

Accounting policies

Significant accounting policies
The company's financial statements have been prepared in compliance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention and on a going concern basis. The financial statements comprise the unaudited financial statements of the company up to 31 March each year, and are stated in pound sterling, the company's functional and presentational currency.

The principal accounting policies applied in the preparation of these financial statements are set out below, these policies have been applied consistently to all the years presented, unless otherwise stated.
Turnover
Turnover comprises income from assured shorthold tenancies and furnished lets receivable during the period. 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Straight Line
Computer Equipment 20% Straight Line
2.

Average number of employees

Average number of employees during the year was 5 (2023 : 6).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 April 2023 696    2,928    3,624 
Additions 822    1,163    1,985 
Disposals    
At 31 March 2024 1,518    4,091    5,609 
Depreciation
At 01 April 2023 258    1,600    1,858 
Charge for year 303    818    1,121 
On disposals    
At 31 March 2024 561    2,418    2,979 
Net book values
Closing balance as at 31 March 2024 957    1,673    2,630 
Opening balance as at 01 April 2023 438    1,328    1,766 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Ordinary share of £1.00 each  
 

2