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REGISTERED NUMBER: 03703337 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

TOWN & CITY ESTATES LIMITED

TOWN & CITY ESTATES LIMITED (REGISTERED NUMBER: 03703337)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


TOWN & CITY ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: I Fischer





REGISTERED OFFICE: Dominion House
91 Donsmure Road
Suite 8
London
N16 5HT





REGISTERED NUMBER: 03703337 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

TOWN & CITY ESTATES LIMITED (REGISTERED NUMBER: 03703337)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 364 428
Investment property 5 448,080 448,080
448,444 448,508

CURRENT ASSETS
Debtors 6 - 42,598
Cash at bank 28,051 18,184
28,051 60,782
CREDITORS
Amounts falling due within one year 7 (143,718 ) (176,609 )
NET CURRENT LIABILITIES (115,667 ) (115,827 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

332,777

332,681

CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 302,675 302,675
Retained earnings 9 30,100 30,004
SHAREHOLDERS' FUNDS 332,777 332,681

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:



I Fischer - Director


TOWN & CITY ESTATES LIMITED (REGISTERED NUMBER: 03703337)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Town & City Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2023
and 31 July 2024 7,633
DEPRECIATION
At 1 August 2023 7,205
Charge for year 64
At 31 July 2024 7,269
NET BOOK VALUE
At 31 July 2024 364
At 31 July 2023 428

TOWN & CITY ESTATES LIMITED (REGISTERED NUMBER: 03703337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 448,080
NET BOOK VALUE
At 31 July 2024 448,080
At 31 July 2023 448,080

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2020 302,675
Cost 145,405
448,080

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors - 42,598

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Tax 426 388
Other creditors - 21,639
Loan creditor 141,162 153,202
Accruals and deferred income 750 -
Accrued expenses 1,380 1,380
143,718 176,609

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 August 2023 30,004 302,675 332,679
Profit for the year 96 96
At 31 July 2024 30,100 302,675 332,775