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REGISTERED NUMBER: 09319897 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CITYBRANCH HEALTHCARE LIMITED

CITYBRANCH HEALTHCARE LIMITED (REGISTERED NUMBER: 09319897)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CITYBRANCH HEALTHCARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: A L Gross





REGISTERED OFFICE: Crowe U.K. LLP
3rd Floor
St George's House
56 Peter Street
Manchester
M2 3NQ





REGISTERED NUMBER: 09319897 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
3rd Floor
St George's House
56 Peter Street
Manchester
M2 3NQ

CITYBRANCH HEALTHCARE LIMITED (REGISTERED NUMBER: 09319897)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,165 14,153

CURRENT ASSETS
Stocks - 191,624
Debtors 5 1,477,155 822,782
Cash at bank 242,468 5,552
1,719,623 1,019,958
CREDITORS
Amounts falling due within one year 6 276,672 529,802
NET CURRENT ASSETS 1,442,951 490,156
TOTAL ASSETS LESS CURRENT LIABILITIES 1,451,116 504,309

CREDITORS
Amounts falling due after more than one year 7 - (1,166,379 )

PROVISIONS FOR LIABILITIES (30,000 ) -
NET ASSETS/(LIABILITIES) 1,421,116 (662,070 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,421,016 (662,170 )
1,421,116 (662,070 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

CITYBRANCH HEALTHCARE LIMITED (REGISTERED NUMBER: 09319897)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2025 and were signed by:





A L Gross - Director


CITYBRANCH HEALTHCARE LIMITED (REGISTERED NUMBER: 09319897)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Citybranch Healthcare 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.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the
Company and the revenue can be reliably measured. Revenue is measured as the fair value of the
consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Revenue includes the amounts receivable from the sale of properties and other income directly
associated with property development.

Properties are treated as sold and profits and revenues are recognised when all performance
obligations under the contract have been satisfied, following which control of the development is
passed to a customer.

Revenue from a contract to provide services is recognised in the period in which the services are
provided in accordance with the stage of completion of the contract when all of the following
conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured
reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Revenue relating to long term contracts, defined as the development of a single asset usually over a period extending beyond one year, is recognised as the service progresses. The extent of service delivery is measured by completeness based upon costs incurred to date as independently certified compared to total anticipated contract cost.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on cost
Office Equipment - 25% on cost

CITYBRANCH HEALTHCARE LIMITED (REGISTERED NUMBER: 09319897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Work in progress and long term contracts
Short term work in progress
Work in progress is stated at the lower of cost and net realisable value, being the estimated selling
price less costs to complete and sell.

At each balance sheet date, work in progress is assessed for impairment. If impaired, the carrying
amount is reduced to its realisable value. The impairment loss is recognised immediately in profit or loss.

Long term contracts
Profit on long term contracts is taken as the work is carried out if the final outcome can be assessed
with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

Contract work in progress is stated at costs incurred, less those transferred to the profit and loss
account, after deducting foreseeable losses and payments on account not matched with turnover.

Amounts recoverable on contracts are included in debtors and represent turnover recognised in
excess of payments on account. Excess payments on account are included in creditors.

Long term contract work in progress balances are subject to monthly impairment review, to evaluate the project outcome. Any provisions for cost overruns or losses are recognised immediately.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The director confirms to provide support to the company to meet it's obligations for the 12 months following the balance sheet date. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CITYBRANCH HEALTHCARE LIMITED (REGISTERED NUMBER: 09319897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
Cost
At 1 January 2024
and 31 December 2024 57,602 7,948 65,550
Depreciation
At 1 January 2024 43,554 7,843 51,397
Charge for year 5,959 29 5,988
At 31 December 2024 49,513 7,872 57,385
Net book value
At 31 December 2024 8,089 76 8,165
At 31 December 2023 14,048 105 14,153

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 13,674
Other debtors 392,371 185,067
Directors' loan accounts 824,033 617,418
VAT - 4,031
Deferred tax asset 260,751 -
Prepayments - 2,592
1,477,155 822,782

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 74,174 163,578
Corporation tax 177,804 97,494
Social security and other taxes 923 834
VAT 18,597 -
Other creditors 174 12,900
Accruals and deferred income 5,000 254,996
276,672 529,802

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 1,166,379

Early repayment has been made for all bank loans in 2024. Early repayment charges and all interest have been charged through profit and loss. The fixed and floating charges over the assets have been removed.

CITYBRANCH HEALTHCARE LIMITED (REGISTERED NUMBER: 09319897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Details of a loan to the director A L Gross are disclosed in note 5. At the balance sheet date, A L Gross owed the company £824,033 (2023: £617,418). There are no repayment terms on this loan however this balance includes interest charged to A L Gross totalling £13,370 (2023: £13,145), which has been charged at an official interest rate of 2.25%.

9. PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £881 (2023 - £713) . Contributions of £174 were payable to the fund at the balance sheet date. (2023: £nil).