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REGISTERED NUMBER: 03762894 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

CITY PLC

CITY PLC (REGISTERED NUMBER: 03762894)






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 PLC

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: 03762894 (England and Wales)

CITY PLC (REGISTERED NUMBER: 03762894)

Statement of Financial Position
31 December 2024

31/12/24 31/12/23
Notes £    £   
FIXED ASSETS
Investments 4 1 1

CURRENT ASSETS
Debtors 5 29,453 29,453

CREDITORS
Amounts falling due within one year 6 (53,184 ) (53,184 )
NET CURRENT LIABILITIES (23,731 ) (23,731 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,730

)

(23,730

)

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings (73,730 ) (73,730 )
SHAREHOLDERS' FUNDS (23,730 ) (23,730 )

The company is entitled to exemption from audit under Section 480 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 PLC (REGISTERED NUMBER: 03762894)

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

1. STATUTORY INFORMATION

City Plc is a private company , 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Other debtors 29,453 29,453

CITY PLC (REGISTERED NUMBER: 03762894)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Amounts owed to group undertakings 29,953 29,953
Directors' current accounts 23,231 23,231
53,184 53,184

7. RELATED PARTY DISCLOSURES

Included in creditors is an amount owed to City Training Ltd of £29,953 (2023: £29,953).