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REGISTERED NUMBER: 11260591 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

CITIGARDEN LIVING LIMITED

CITIGARDEN LIVING LIMITED (REGISTERED NUMBER: 11260591)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CITIGARDEN LIVING LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2023







DIRECTORS: J R Kidd
D S Serr
Mrs L B Plant





REGISTERED OFFICE: Citispace South
11 Regent Street
Leeds
LS2 7QN





REGISTERED NUMBER: 11260591 (England and Wales)





ACCOUNTANTS: Fortus Limited
3 Park Square East
Leeds
LS1 2NE

CITIGARDEN LIVING LIMITED (REGISTERED NUMBER: 11260591)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,199,432 3,995,765

CURRENT ASSETS
Debtors 5 59,773 84,175
Cash at bank 14,991 61,868
74,764 146,043
CREDITORS
Amounts falling due within one year 6 208,928 263,804
NET CURRENT LIABILITIES (134,164 ) (117,761 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,065,268 3,878,004

CREDITORS
Amounts falling due after more than
one year

7

3,719,149

3,877,472
NET ASSETS 346,119 532

CAPITAL AND RESERVES
Called up share capital 9 99 99
Retained earnings 10 346,020 433
SHAREHOLDERS' FUNDS 346,119 532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

CITIGARDEN LIVING LIMITED (REGISTERED NUMBER: 11260591)

BALANCE SHEET - continued
30 June 2023


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 18 June 2024 and were signed on its behalf by:





J R Kidd - Director


CITIGARDEN LIVING LIMITED (REGISTERED NUMBER: 11260591)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023


1. STATUTORY INFORMATION

Citigarden Living 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.

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.

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

Tangible fixed assets
Assets under course of construction are not depreciated until such time as the construction of the asset is complete.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

CITIGARDEN LIVING LIMITED (REGISTERED NUMBER: 11260591)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


4. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST
At 1 July 2022 3,995,765
Additions 203,667
At 30 June 2023 4,199,432
NET BOOK VALUE
At 30 June 2023 4,199,432
At 30 June 2022 3,995,765

Additions to long leasehold property during the year were in relation to a fixed asset under the course of construction.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amount due from related undertaking 39,759 -
Social security and other tax - 62,126
Sundry debtors and prepayments 20,014 22,049
59,773 84,175

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,239 -
Trade creditors 191,602 259,447
Corporation tax 669 917
Social security and other taxes 2,418 -
Accrued expenses 2,000 3,440
208,928 263,804

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 2,331,854 2,350,000
Amount due to related undertakings 868,587 1,060,967
Directors' loan accounts 518,708 466,505
3,719,149 3,877,472

Included within the bank loan creditor is £44,097 (£2022: £50,000) which relates to a HM Government Coronavirus Business Bounce Back Loan. The loan carries an interest rate of 2.25% per annum and it is repayable in accordance with the rules of the scheme.

CITIGARDEN LIVING LIMITED (REGISTERED NUMBER: 11260591)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank Loan 2,300,000 2,300,000

The bank loan is secured against the property of the company by way of debenture.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
99 Ordinary £1 99 99

10. RESERVES
Retained
earnings
£   

At 1 July 2022 433
Profit for the year 345,587
At 30 June 2023 346,020

11. RELATED PARTY DISCLOSURES

At the 30 June 2023 the company owed Citispace Group Limited £807,467 (2022: £1,060,097) D Serr, J R Kidd and L Plant are directors of Citigarden Living Limited and Citispace Group Limited.

At the 30 June 2023 the company owed Citispace Services Limited £61,120 (2022: £Nil) D Serr, J R Kidd and L Plant are directors of Citigarden Living Limited and Citispace Services Limited.

At the 30 June 2023 the company was owed £39,759 (2022: £Nil) by Design Management Contracts Limited D Serr and J R Kidd are directors of Citigarden Living Limited and Design Management Contracts Limited.

12. ULTIMATE CONTROL

The company is under the ultimate control of the directors.