| Registered Number:NI631038 |
For the year ended 30 April 2025
Northern Ireland
Unaudited Financial Statements
For the year ended 30 April 2025
Citywide Wealth Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Citywide Wealth Ltd
Statement of Financial Position
2024
2025
| Property, plant and equipment |
79,053
47,926
2
79,053
47,926
| Trade and other receivables |
15,584
32,328
3
50,234
| Cash and cash equivalents |
35,611
67,939
65,818
| Trade and other payables: amounts falling due within one |
| year |
(38,113)
(46,566)
4
27,705
21,373
Net current assets
| Total assets less current liabilities |
100,426
75,631
| Trade and other payables: amounts falling due after more |
| than one year |
(65,043)
(70,667)
5
(9,979)
-
| Provisions for liabilities |
19,780
Net assets
10,588
5,026
5,026
14,754
5,562
19,780
10,588
Shareholders' funds
| For the year ended 30 April 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Stephen Pepper Director |
| These financial statements were approved and authorised for issue by the Board on 10 June 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 April 2025
Citywide Wealth Ltd
Notes to the Financial Statements
Statutory Information
| Citywide Wealth Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration number |
| NI631038. |
411 Lisburn Road
Belfast
Northern Ireland
BT9 7EW
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Furniture and Fittings
Government grants
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
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. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
2 of 4
For the year ended 30 April 2025
Citywide Wealth Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
50,500
2,100
48,400
43,124
-
43,124
91,524
2,100
93,624
| Provision for depreciation and impairment |
2,574
1,657
917
Charge for year
11,997
89
11,908
14,571
1,746
12,825
78,699
354
79,053
47,483
443
47,926
| 3. Trade and other receivables |
2024
2025
23,528
2,325
8,800
13,259
15,584
32,328
| 4. Trade and other payables: amounts falling due within one year |
2024
2025
4,572
4,716
6,132
2,800
| Taxation and social security |
5,037
-
30,825
30,597
46,566
38,113
| 5. Trade and other payables: amounts falling due after more than one year |
2024
2025
20,667
25,043
50,000
40,000
70,667
65,043
3 of 4
For the year ended 30 April 2025
Citywide Wealth Ltd
Notes to the Financial Statements Continued
| 6. Average number of persons employed |
During the year the average number of employees was 2 (2024 : 3)
4 of 4