0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 82,682 82,682 82,682 xbrli:pure xbrli:shares iso4217:GBP 04672842 2023-10-01 2024-09-30 04672842 2024-09-30 04672842 2023-09-30 04672842 2022-10-01 2023-09-30 04672842 2023-09-30 04672842 2022-09-30 04672842 bus:Director1 2023-10-01 2024-09-30 04672842 core:WithinOneYear 2024-09-30 04672842 core:WithinOneYear 2023-09-30 04672842 core:AfterOneYear 2024-09-30 04672842 core:AfterOneYear 2023-09-30 04672842 core:ShareCapital 2024-09-30 04672842 core:ShareCapital 2023-09-30 04672842 core:SharePremium 2024-09-30 04672842 core:SharePremium 2023-09-30 04672842 core:RetainedEarningsAccumulatedLosses 2024-09-30 04672842 core:RetainedEarningsAccumulatedLosses 2023-09-30 04672842 core:LandBuildings 2024-09-30 04672842 core:LandBuildings 2023-09-30 04672842 bus:Director1 2023-09-30 04672842 bus:Director1 2024-09-30 04672842 bus:Director1 2022-09-30 04672842 bus:Director1 2023-09-30 04672842 bus:Director1 2022-10-01 2023-09-30 04672842 bus:SmallEntities 2023-10-01 2024-09-30 04672842 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04672842 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04672842 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04672842 bus:FullAccounts 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 04672842
City Estates (MK) Limited
Filleted Unaudited Financial Statements
30 September 2024
City Estates (MK) Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
82,682
82,682
Current assets
Debtors
5
59,812
20,417
Cash at bank and in hand
3,715
34,424
--------
--------
63,527
54,841
Creditors: amounts falling due within one year
6
113,406
66,647
---------
--------
Net current liabilities
49,879
11,806
--------
--------
Total assets less current liabilities
32,803
70,876
Creditors: amounts falling due after more than one year
7
9,066
19,101
--------
--------
Net assets
23,737
51,775
--------
--------
Capital and reserves
Called up share capital
166
166
Share premium account
89,990
89,990
Profit and loss account
( 66,419)
( 38,381)
--------
--------
Shareholders funds
23,737
51,775
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
City Estates (MK) Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 19 May 2025 , and are signed on behalf of the board by:
Mr N Hollingworth
Director
Company registration number: 04672842
City Estates (MK) Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Artemis House, 4a Bramley Road, Mount Farm, Milton Keynes, MK1 1PT, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis assuming continued support from the company's director.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangements, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its financial liabilities.
4. Tangible assets
Land and buildings
£
Cost
At 1 October 2023 and 30 September 2024
82,682
--------
Depreciation
At 1 October 2023 and 30 September 2024
--------
Carrying amount
At 30 September 2024
82,682
--------
At 30 September 2023
82,682
--------
5. Debtors
2024
2023
£
£
Trade debtors
49,812
Other debtors
10,000
20,417
--------
--------
59,812
20,417
--------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Other creditors
103,406
56,647
---------
--------
113,406
66,647
---------
--------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
9,066
19,101
-------
--------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr N Hollingworth
( 55,507)
( 56,759)
10,000
( 102,266)
--------
--------
--------
---------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr N Hollingworth
( 55,507)
( 20,000)
20,000
( 55,507)
--------
--------
--------
--------
9. Related party transactions
The company was under the control of Mr N Hollingworth . Mr N Hollingworth is the managing director and majority shareholder.