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REGISTERED NUMBER: 10968278 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

CITY PROPERTIES BIRMINGHAM LIMITED

CITY PROPERTIES BIRMINGHAM LIMITED (REGISTERED NUMBER: 10968278)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CITY PROPERTIES BIRMINGHAM LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Jaisheel Najran





REGISTERED OFFICE: 90 Steward Street
Ladywood
Birmingham
West Midlands
B18 7AF





REGISTERED NUMBER: 10968278 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

CITY PROPERTIES BIRMINGHAM LIMITED (REGISTERED NUMBER: 10968278)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,857,615 1,358,000

CURRENT ASSETS
Debtors 5 253,333 311,207
Cash at bank 64,915 15,877
318,248 327,084
CREDITORS
Amounts falling due within one year 6 1,115,140 640,399
NET CURRENT LIABILITIES (796,892 ) (313,315 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,060,723

1,044,685

CREDITORS
Amounts falling due after more than one year 7 (792,375 ) (766,824 )

PROVISIONS FOR LIABILITIES 9 (42,717 ) -
NET ASSETS 225,631 277,861

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 225,531 277,761
SHAREHOLDERS' FUNDS 225,631 277,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CITY PROPERTIES BIRMINGHAM LIMITED (REGISTERED NUMBER: 10968278)

Statement of Financial Position - continued
30 September 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 June 2025 and were signed by:





Jaisheel Najran - Director


CITY PROPERTIES BIRMINGHAM LIMITED (REGISTERED NUMBER: 10968278)

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

1. STATUTORY INFORMATION

City Properties Birmingham 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

CITY PROPERTIES BIRMINGHAM LIMITED (REGISTERED NUMBER: 10968278)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 1,358,000
Additions 499,615
At 30 September 2024 1,857,615
NET BOOK VALUE
At 30 September 2024 1,857,615
At 30 September 2023 1,358,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2020 180,381
Cost 1,677,234
1,857,615

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 253,333 311,207

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 10,989 20,824
Trade creditors 327 -
Corporation Tax - 1,474
Other creditors 432,909 99,251
Directors' current accounts 668,515 516,570
Accrued expenses 2,400 2,280
1,115,140 640,399

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 792,375 766,824

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5years 748,419 706,040

CITY PROPERTIES BIRMINGHAM LIMITED (REGISTERED NUMBER: 10968278)

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

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,989 20,824

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,989 20,824

Amounts falling due between two and five years:
Bank loans - 2-5 years 32,967 39,960

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5years 748,419 706,040

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 42,717 -

Deferred
tax
£   
Provided during year 42,717
Balance at 30 September 2024 42,717

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25 Ordinary A £1 25 25
25 Ordinary B £1 25 25
25 Ordinary C £1 25 25
25 Ordinary D £1 25 25
100 100

CITY PROPERTIES BIRMINGHAM LIMITED (REGISTERED NUMBER: 10968278)

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

11. RESERVES
Retained
earnings
£   

At 1 October 2023 277,761
Deficit for the year (52,230 )
At 30 September 2024 225,531