IRIS Accounts Production v25.1.0.734 10962958 Board of Directors 1.1.24 31.12.24 31.12.24 11.4.25 false true false false true false Auditors Opinion Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109629582023-12-31109629582024-12-31109629582024-01-012024-12-31109629582022-12-31109629582023-01-012023-12-31109629582023-12-3110962958ns15:EnglandWales2024-01-012024-12-3110962958ns14:PoundSterling2024-01-012024-12-3110962958ns10:Director12024-01-012024-12-3110962958ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3110962958ns10:SmallEntities2024-01-012024-12-3110962958ns10:Audited2024-01-012024-12-3110962958ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3110962958ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3110962958ns10:FullAccounts2024-01-012024-12-3110962958ns10:OrdinaryShareClass12024-01-012024-12-3110962958ns10:Director22024-01-012024-12-3110962958ns10:Director32024-01-012024-12-3110962958ns10:RegisteredOffice2024-01-012024-12-3110962958ns5:CurrentFinancialInstruments2024-12-3110962958ns5:CurrentFinancialInstruments2023-12-3110962958ns5:ShareCapital2024-12-3110962958ns5:ShareCapital2023-12-3110962958ns5:RetainedEarningsAccumulatedLosses2024-12-3110962958ns5:RetainedEarningsAccumulatedLosses2023-12-3110962958ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-12-3110962958ns5:UnlistedNon-exchangeTraded2024-12-3110962958ns5:UnlistedNon-exchangeTraded2023-12-3110962958ns5:WithinOneYear2024-12-3110962958ns5:WithinOneYear2023-12-3110962958ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-12-3110962958ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3110962958ns10:OrdinaryShareClass12024-12-311096295812024-01-012024-12-31
REGISTERED NUMBER: 10962958 (England and Wales)












Financial Statements

For The Year Ended 31st December 2024

for

Citivale Partners Limited

Citivale Partners Limited (Registered number: 10962958)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Citivale Partners Limited

Company Information
For The Year Ended 31st December 2024







DIRECTORS: J A Appleton-Metcalfe
R G R Kay
Mrs R L Farnsworth





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





REGISTERED NUMBER: 10962958 (England and Wales)





AUDITORS: Sargeant Partnership Ltd
Chartered Accountants
and Statutory Auditors
5 White Oak Square, London Road
Swanley
Kent
BR8 7AG

Citivale Partners Limited (Registered number: 10962958)

Balance Sheet
31st December 2024

31.12.24 31.12.23
Notes £ £ £
FIXED ASSETS
Investments 3 949 949

CURRENT ASSETS
Debtors 4 1,158,837 861,013
Cash at bank 103,296 11,983
1,262,133 872,996
CREDITORS
Amounts falling due within one year 5 804,477 408,755
NET CURRENT ASSETS 457,656 464,241
TOTAL ASSETS LESS CURRENT
LIABILITIES

458,605

465,190

CAPITAL AND RESERVES
Called up share capital 6 12 12
Retained earnings 458,593 465,178
SHAREHOLDERS' FUNDS 458,605 465,190

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 11th April 2025 and were signed on its behalf by:





R G R Kay - Director


Citivale Partners Limited (Registered number: 10962958)

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

1. ACCOUNTING POLICIES

General information and basis of preparation
Citivale Partners 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.

These financial statements have been prepared in accordance with Section 1A "Small Entities" of Financial Reporting Standard 102, the financial reporting standard applicable in the UK. 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.


Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, net of VAT. Revenue from the rendering of services is recognised when the following conditions are satisfied:
- The amount of the revenue can be measured reliably;
- It is probable that the economic benefits associated with the transaction will flow to the entity;
- The stage of completion of the transaction at the end of the reporting period can be measured reliably; and
- The costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Asset management and development management fees are recognised in the period that the service is delivered to the client. When a retention fee is included in the contract then the value of the fee that is subject to the retention is recognised when all conditions have been met and when the value to be received can be measured reliably.

Acquisition fees, which are fees resulting from completion of a property acquisition by a client, are typically set out in a contract with a proportion being payable on completion and a proportion being deferred for payment until a future date. The value of the acquisition fee is typically determined at the completion date with subsequent amendments to the value of the deferred proportion being determined by future events, most commonly the future value of the property when sold by the client. The proportion of the acquisition fee that is payable on completion is recognised at the completion date. The proportion of the acquisition fee that is deferred is recognised as revenue when it can be determined that the value of the revenue can be measured reliably and that it is probable the payment will be received at a later date. When revenue from deferred acquisition fees is recognised before payment is received then an ongoing assessment is made of changes in circumstances which may require the value of the revenue recognised at the previous reporting date to be adjusted in the current reporting period.

Promote or performance fees usually become due on the disposal of a property by a client. Promote or performance fees are recognised when the transaction which triggers the fee completes.

Other consultancy fees are usually derived from advice related to a specific transaction or a specified deliverable. The revenue for other consultancy services is recognised when the specific deliverable is made available to the client or when a specific transaction completes. This is usually at the same time as an invoice for the fee is raised.


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.



Citivale Partners Limited (Registered number: 10962958)

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


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.

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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments
Investments relate to an investment in an unlisted entity which is stated at cost less impairment. At each balance sheet date, the investment is assessed for indicators of impairment and where there are indicators of impairment, recoverable amount is assessed. If recoverable amount is less than carrying amount, the investment is written down to recoverable amount by way of an impairment loss which is recognised in profit or loss.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Citivale Partners Limited (Registered number: 10962958)

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

3. FIXED ASSET INVESTMENTS
Unlisted
investments
£
COST
At 1st January 2024
and 31st December 2024 949
NET BOOK VALUE
At 31st December 2024 949
At 31st December 2023 949

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Trade debtors 45,807 153,735
Other debtors 83,191 93,191
Loans to other group
undertakings - 15,000
Loans to parent company 540,937 170,675
Corporation tax 11 7
Prepayments and accrued income 488,891 428,405
1,158,837 861,013

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Trade creditors 330,479 2,520
Social security and other taxes 35,358 30,940
Accruals 438,640 347,253
Deferred income - 28,042
804,477 408,755

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £ £
1,176 Ordinary .01 12 12

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Joanne Brown (Senior Statutory Auditor)
for and on behalf of Sargeant Partnership Ltd

Citivale Partners Limited (Registered number: 10962958)

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

8. ULTIMATE CONTROLLING PARTY

The controlling party is Citivale Group Holdings Limited.

Citivale Group Holdings Limited draws up the the consolidated group financial statements. Copies of the group's financial statements can be obtained from:

4 Old Market Place
Ripon
North Yorkshire
HG4 1EQ