CITY FINANCIAL TRUST LIMITED

Company Registration Number:
02261727 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

CITY FINANCIAL TRUST LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

CITY FINANCIAL TRUST LIMITED

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal activities of the company

The provision of accounting, consulting and taxation services

Additional information

The report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime



Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

Michael F Scorer
Jennifer M Scorer


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
4 August 2025

And signed on behalf of the board by:
Name: Michael F Scorer
Status: Director

CITY FINANCIAL TRUST LIMITED

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£

£
Turnover: 3,816 4,537
Gross profit(or loss): 3,816 4,537
Administrative expenses: ( 3,204 ) ( 5,860 )
Operating profit(or loss): 612 (1,323)
Profit(or loss) before tax: 612 (1,323)
Tax: 334 0
Profit(or loss) for the financial year: 946 (1,323)

CITY FINANCIAL TRUST LIMITED

Balance sheet

As at 31 March 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 1,425 380
Total fixed assets: 1,425 380
Current assets
Debtors: 4 34 1,353
Cash at bank and in hand: 2,002 2,608
Total current assets: 2,036 3,961
Creditors: amounts falling due within one year: 5 ( 2,193 ) ( 4,019 )
Net current assets (liabilities): (157) (58)
Total assets less current liabilities: 1,268 322
Total net assets (liabilities): 1,268 322
Capital and reserves
Called up share capital: 19 19
Profit and loss account: 1,249 303
Total Shareholders' funds: 1,268 322

The notes form part of these financial statements

CITY FINANCIAL TRUST LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 4 August 2025
and signed on behalf of the board by:

Name: Michael F Scorer
Status: Director

The notes form part of these financial statements

CITY FINANCIAL TRUST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the value, net of discounts, of services provided to clients.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life as follows : Plant and Machinery (Office Equipment) 33.3% straight line

    Other accounting policies

    Work in progress is valued at the lower of cost and net realisable value.

CITY FINANCIAL TRUST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 2 2

CITY FINANCIAL TRUST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 3,224 3,224
Additions 1,760 1,760
Disposals ( 1,022 ) ( 1,022 )
Revaluations
Transfers
At 31 March 2025 3,962 3,962
Depreciation
At 1 April 2024 2,844 2,844
Charge for year 714 714
On disposals ( 1,021 ) ( 1,021 )
Other adjustments
At 31 March 2025 2,537 2,537
Net book value
At 31 March 2025 1,425 1,425
At 31 March 2024 380 380

CITY FINANCIAL TRUST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Debtors

2025 2024
£ £
Trade debtors 34 1,353
Total 34 1,353

CITY FINANCIAL TRUST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Other creditors 2,193 4,019
Total 2,193 4,019