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REGISTERED NUMBER: 08168029 (England and Wales)












Financial Statements

For The Year Ended 31st December 2024

for

Citivale Limited

Citivale Limited (Registered number: 08168029)






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 Limited

Company Information
For The Year Ended 31st December 2024







DIRECTOR: J A Appleton-Metcalfe





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





REGISTERED NUMBER: 08168029 (England and Wales)





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

Citivale Limited (Registered number: 08168029)

Balance Sheet
31st December 2024

31.12.24 31.12.23
Notes £ £
CURRENT ASSETS
Debtors 4 1,300 106,536
Cash at bank 12,210 4,404
13,510 110,940
CREDITORS
Amounts falling due within one year 5 12,329 155,722
NET CURRENT ASSETS/(LIABILITIES) 1,181 (44,782 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,181

(44,782

)

CREDITORS
Amounts falling due after more than one
year

6

-

30,555
NET ASSETS/(LIABILITIES) 1,181 (75,337 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 1,180 (75,338 )
SHAREHOLDERS' FUNDS 1,181 (75,337 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 10th April 2025 and were signed by:




J A Appleton-Metcalfe - Director


Citivale Limited (Registered number: 08168029)

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

1. ACCOUNTING POLICIES

General information and basis of preparation
Citivale 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK" 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.

Going concern
The company has ceased trading and the directors intend to make an application for the company to be struck off. Therefore, the financial statements have not been prepared using the going concern basis.

Revenue
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. 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 the performance objectives have been met, then turnover from services provided is recognised.

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 as follows:
Fixtures and Fittings - Straight line over five years
Computer Equipment - Straight line over three years

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.

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.




Citivale Limited (Registered number: 08168029)

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

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.

Foreign currency
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

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 - 2 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1st January 2024
and 31st December 2024 859 8,078 8,937
DEPRECIATION
At 1st January 2024
and 31st December 2024 859 8,078 8,937
NET BOOK VALUE
At 31st December 2024 - - -
At 31st December 2023 - - -

Citivale Limited (Registered number: 08168029)

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Trade debtors 437 -
Other debtors - 85,190
Directors' loan accounts - 1,235
Corporation tax - 18,447
VAT 831 269
Prepayments and accrued income 32 1,395
1,300 106,536

5. CREDITORS LESS THAN ONE YEAR
31.12.24 31.12.23
£ £
Bank loans and overdrafts - 5,556
Trade creditors 12,329 9,322
Social security and other taxes - 1,844
Other creditors - 133,000
Accrued expenses - 6,000
12,329 155,722

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£ £
Bank loans - 1-2 years - 5,556
Bank loans - 2-5 years - 16,667
Bank loans more 5 yr by instal - 8,332
- 30,555

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 8,332

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £ £
100 Ordinary 0.01 1 1

Citivale Limited (Registered number: 08168029)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.12.24 31.12.23
£ £
J A Appleton-Metcalfe
Balance outstanding at start of year 1,235 243,678
Amounts advanced 25,765 3,235
Amounts repaid (27,000 ) (245,678 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,235

The director's loan account was interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

At the start of the year the Company had an outstanding loan due to Citivale (Edinburgh) Limited of £103,000. During the year the Company made repayments of £6,299. The Company is unable to repay the balance of the debt of £96,701 on the basis that its assets are less than the value of the liability.

At the start of the year the Company had an outstanding loan due to Appmet Limited of £20,000. During the year the Company made repayments of £20,000 and the balance outstanding at the end of the year was £nil.The loan was interest free and repayable on demand. Mr J A Appleton-Metcalfe is a director and shareholder of the Company and a director and shareholder of Appmet Limited.

At the start of the year the Company had an outstanding loan due to Citivale Partners Limited of £10,000. During the year the Company made repayments of £10,000, and the balance outstanding at the end of the year was £nil. The loan was interest free and repayable on demand. Mr J A Appleton-Metcalfe is a director and shareholder of the Company and a director and shareholder of Citivale Partners Limited.