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CITY BOULDERING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






CITY BOULDERING LTD (REGISTERED NUMBER: 12861575)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CITY BOULDERING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: R M Lawrence
S Semenov
S J Mayers





REGISTERED OFFICE: Aldgate House
33, Aldgate High Street
London
EC3N 1AH





REGISTERED NUMBER: 12861575 (England and Wales)





ACCOUNTANTS: Bowen Accountants Ltd
Chartered Accountants
Unit 1 Gate Farm
High Street
Sutton Benger
Chippenham
Wiltshire
SN15 4RE

CITY BOULDERING LTD (REGISTERED NUMBER: 12861575)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,400 7,112
Tangible assets 5 577,100 547,491
583,500 554,603

CURRENT ASSETS
Stocks 24,456 25,648
Debtors: amounts falling due within one year 6 412,570 324,406
Debtors: amounts falling due after more than
one year

6

166,386

166,386
Prepayments and accrued income 59,684 63,519
Cash at bank and in hand 183,922 114,046
847,018 694,005
CREDITORS
Amounts falling due within one year 7 119,042 106,114
NET CURRENT ASSETS 727,976 587,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,311,476

1,142,494

PROVISIONS FOR LIABILITIES 8 (51,305 ) (6,630 )

ACCRUALS AND DEFERRED INCOME (2,500 ) (2,750 )
NET ASSETS 1,257,671 1,133,114

CAPITAL AND RESERVES
Called up share capital 25 25
Share premium 983,022 983,022
Retained earnings 274,624 150,067
1,257,671 1,133,114

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

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

CITY BOULDERING LTD (REGISTERED NUMBER: 12861575)

BALANCE SHEET - continued
30 SEPTEMBER 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 31 March 2025 and were signed on its behalf by:





S Semenov - Director


CITY BOULDERING LTD (REGISTERED NUMBER: 12861575)

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

1. STATUTORY INFORMATION

City Bouldering 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.

Intangible assets
Intangible assets (website costs) have been measured at cost and are being amortised over the estimated useful life of 10 years.

Tangible fixed assets
Depreciation is charged at the following rates:

Plant & Machinery (excluding climbing wall and holds) - 25% reducing balance
Climbing Holds - straight line over 6 years
Climbing Wall - straight line over 25 years
Computer Equipment - 25% reducing balance
Fixtures & Fittings - 15% reducing balance
Motor vehicles - 25% reducing balance
Short leasehold costs and leasehold improvements - Over the course of the lease

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

CITY BOULDERING LTD (REGISTERED NUMBER: 12861575)

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

2. ACCOUNTING POLICIES - continued

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 21 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 8,543
AMORTISATION
At 1 October 2023 1,431
Charge for year 712
At 30 September 2024 2,143
NET BOOK VALUE
At 30 September 2024 6,400
At 30 September 2023 7,112

5. TANGIBLE FIXED ASSETS
Short Leasehold Plant and
leasehold improvements machinery
£    £    £   
COST
At 1 October 2023 43,666 253,260 280,260
Additions - 22,625 49,384
At 30 September 2024 43,666 275,885 329,644
DEPRECIATION
At 1 October 2023 6,110 34,569 37,203
Charge for year 3,055 17,992 21,809
At 30 September 2024 9,165 52,561 59,012
NET BOOK VALUE
At 30 September 2024 34,501 223,324 270,632
At 30 September 2023 37,556 218,691 243,057

CITY BOULDERING LTD (REGISTERED NUMBER: 12861575)

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

5. TANGIBLE FIXED ASSETS - continued

Office Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 35,629 19,808 7,434 640,057
Additions 2,542 7,737 2,105 84,393
At 30 September 2024 38,171 27,545 9,539 724,450
DEPRECIATION
At 1 October 2023 9,013 2,888 2,783 92,566
Charge for year 4,300 6,252 1,376 54,784
At 30 September 2024 13,313 9,140 4,159 147,350
NET BOOK VALUE
At 30 September 2024 24,858 18,405 5,380 577,100
At 30 September 2023 26,616 16,920 4,651 547,491

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 31,089 59,425
Other debtors 381,481 264,981
412,570 324,406

Amounts falling due after more than one year:
Lease deposit 166,386 166,386

Aggregate amounts 578,956 490,792

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 35,392 21,812
Social security and other taxes 8,488 2,978
VAT 36,517 37,681
Other creditors 31,109 33,243
Gift cards 6,912 5,766
Directors' current accounts 624 2,841
Deferred income - 1,793
119,042 106,114

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 51,305 6,630

CITY BOULDERING LTD (REGISTERED NUMBER: 12861575)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 6,630
Provided during year 44,675
Accelerated capital allowances
Balance at 30 September 2024 51,305

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments at the balance sheet date equal £1,478,987. This relates to the lease of the premises.