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REGISTERED NUMBER: 09695316 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31st July 2024

for

Citivale (Edinburgh) Limited

Citivale (Edinburgh) Limited (Registered number: 09695316)






Contents of the Financial Statements
For The Year Ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Citivale (Edinburgh) Limited

Company Information
For The Year Ended 31st July 2024







DIRECTOR: J A Appleton-Metcalfe





REGISTERED OFFICE: 4 Old Market Place
Ripon
North Yorkshire
HG4 1EQ





REGISTERED NUMBER: 09695316 (England and Wales)





ACCOUNTANTS: F E Metcalfe & Co Limited
Chartered Accountants
4 Old Market Place
Ripon
North Yorkshire
HG4 1EQ

Citivale (Edinburgh) Limited (Registered number: 09695316)

Balance Sheet
31st July 2024

31.7.24 31.7.23
Notes £ £
CURRENT ASSETS
Debtors 3 31,193 117,517
Cash at bank 11 30,575
31,204 148,092
CREDITORS
Amounts falling due within one year 4 1,618 800
NET CURRENT ASSETS 29,586 147,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,586

147,292

CAPITAL AND RESERVES
Called up share capital 5 1 1
Retained earnings 29,585 147,291
SHAREHOLDERS' FUNDS 29,586 147,292

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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 director and authorised for issue on 11th April 2025 and were signed by:





J A Appleton-Metcalfe - Director


Citivale (Edinburgh) Limited (Registered number: 09695316)

Notes to the Financial Statements
For The Year Ended 31st July 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
(a) General information and basis of preparation
Citivale (Edinburgh) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office can be found on the Company Information page.

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

(b) Revenue
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Turnover for the rendering of services is recognised when the outcome of a transaction can be estimated reliably, it is probable that the economic benefits of the transaction will flow to the company and associated costs can be measured reliably. This is usually at on the issue of an invoice.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

(c) Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life.

(d) Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

(e) Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

(f) Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

(g) Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.





Citivale (Edinburgh) Limited (Registered number: 09695316)

Notes to the Financial Statements - continued
For The Year Ended 31st July 2024
(h) Leases
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Where goods are sold using finance leases, the entity recognises turnover from the sale of goods and the rights to receive future lease payments as a debtor. Minimum lease payments are apportioned between finance income and the reduction of the lease debtor with finance income allocated so as to produce a constant periodic rate of interest on the net investment in the finance lease.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

(i) Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

(j) Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable

2. EMPLOYEES AND DIRECTORS

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

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£ £
Other debtors 6,279 97,500
Directors' loan accounts 24,788 20,017
VAT 126 -
31,193 117,517

Citivale (Edinburgh) Limited (Registered number: 09695316)

Notes to the Financial Statements - continued
For The Year Ended 31st July 2024

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£ £
Trade creditors 768 -
Accrued expenses 850 800
1,618 800

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £ £
100 Ordinary £0.01 1 1

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2024 and 31st July 2023:

31.7.24 31.7.23
£ £
J A Appleton-Metcalfe
Balance outstanding at start of year 20,017 (9 )
Amounts advanced 25,771 20,026
Amounts repaid (21,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,788 20,017

7. RELATED PARTY DISCLOSURES

At the start of the year the Company had an outstanding loan of £97,500 due from Citivale Limited. At the year end, after making a bad debt provision of £96,701, the balance was £6,279 and is included within Other Debtors. The loan is interest free and payable on demand. Mr J A Appleton-Metcalfe is a Director and shareholder of both companies.