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REGISTERED NUMBER: 06561725 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

City Capital Markets Limited

City Capital Markets Limited (Registered number: 06561725)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


City Capital Markets Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: M D Lockwood
Mrs M Lockwood





SECRETARY: Mrs M Lockwood





REGISTERED OFFICE: c/o George Arthur
Suite 6B , Wentworth Lodge
Welwyn Garden City
Hertfordshire
AL8 7SR





REGISTERED NUMBER: 06561725 (England and Wales)





AUDITORS: George Arthur Limited
Chartered Accountants and Statutory Auditors
Suite 6B, Wentworth Lodge
Great North Road
Welwyn Garden City
Hertfordshire
AL8 7SR

City Capital Markets Limited (Registered number: 06561725)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,421 1,960

CURRENT ASSETS
Debtors 5 71,725 52,726
Cash at bank 58,783 66,621
130,508 119,347
CREDITORS
Amounts falling due within one year 6 52,527 31,030
NET CURRENT ASSETS 77,981 88,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,402

90,277

CREDITORS
Amounts falling due after more than one
year

7

(10,104

)

(20,097

)

PROVISIONS FOR LIABILITIES (155 ) (155 )
NET ASSETS 70,143 70,025

CAPITAL AND RESERVES
Called up share capital 14,400 14,400
Retained earnings 55,743 55,625
SHAREHOLDERS' FUNDS 70,143 70,025

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 15 January 2025 and were signed on its behalf by:





M D Lockwood - Director


City Capital Markets Limited (Registered number: 06561725)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

City Capital Markets 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and net of discounts.Turnover includes revenue earned in the form of commission on profits achieved through trade of client monies on the stock market. Turnover is recognised in the period the commission on the trade profits are achieved as opposed to when monies are received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

City Capital Markets Limited (Registered number: 06561725)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 13,079
Additions 1,267
At 30 September 2024 14,346
DEPRECIATION
At 1 October 2023 11,119
Charge for year 806
At 30 September 2024 11,925
NET BOOK VALUE
At 30 September 2024 2,421
At 30 September 2023 1,960

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 13,048 -
Directors' current accounts 58,677 52,726
71,725 52,726

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,648 10,648
Tax 31,888 17,727
Social security and other taxes - 255
Accrued expenses 9,991 2,400
52,527 31,030

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,104 20,097

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

The Report of the Auditors was unqualified.

Peter Rook (Senior Statutory Auditor)
for and on behalf of George Arthur Limited

City Capital Markets Limited (Registered number: 06561725)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mrs M Lockwood
Balance outstanding at start of year 26,363 8,301
Amounts advanced 29,339 26,363
Amounts repaid (26,363 ) (8,301 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,339 26,363

M D Lockwood
Balance outstanding at start of year 26,363 8,302
Amounts advanced 29,338 26,363
Amounts repaid (26,363 ) (8,302 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,338 26,363

10. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M D Lockwood.