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REGISTERED NUMBER: 03734888 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

CITY TRAINING LIMITED

CITY TRAINING LIMITED (REGISTERED NUMBER: 03734888)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CITY TRAINING LIMITED

Company Information
for the year ended 31 December 2024







DIRECTORS: Mr N C Parekh
Mrs H N Parekh





SECRETARY: Mr N C Parekh





REGISTERED OFFICE: 19 The Ridgeway
Finchley
London
N3 2PG





REGISTERED NUMBER: 03734888 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

CITY TRAINING LIMITED (REGISTERED NUMBER: 03734888)

Statement of Financial Position
31 December 2024

31/12/24 31/12/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,472 1,731

CURRENT ASSETS
Debtors 5 44,633 42,484
Cash at bank 1,596 7,573
46,229 50,057
CREDITORS
Amounts falling due within one year 6 (86,861 ) (84,052 )
NET CURRENT LIABILITIES (40,632 ) (33,995 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(39,160

)

(32,264

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (39,161 ) (32,265 )
SHAREHOLDERS' FUNDS (39,160 ) (32,264 )

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

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

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 Board of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by:





Mr N C Parekh - Director


CITY TRAINING LIMITED (REGISTERED NUMBER: 03734888)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

City Training 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the shareholders that they will continue to give financial support to the company for twelve months from the date of signing these financial statements. On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to the their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

3. EMPLOYEES AND DIRECTORS

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

CITY TRAINING LIMITED (REGISTERED NUMBER: 03734888)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024
and 31 December 2024 3,707
DEPRECIATION
At 1 January 2024 1,976
Charge for year 259
At 31 December 2024 2,235
NET BOOK VALUE
At 31 December 2024 1,472
At 31 December 2023 1,731

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Amounts owed by group undertakings 29,952 29,954
Deferred tax asset 14,681 12,530
44,633 42,484

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Directors' current accounts 85,861 83,052
Accrued expenses 1,000 1,000
86,861 84,052

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/24 31/12/23
value: £    £   
1 Ordinary £1 1 1

8. RELATED PARTY DISCLOSURES

Included in debtors is an amount owed by City Plc of £29,953 (2023 £29,953). In addition the company also owed £85,861 to its directors, this is included in creditors, note 8.

9. CONTROLLING PARTY

City Plc controls the company as a result of owning directly 100% of the issued voting capital of City Training Ltd.