Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312023-06-01falseNo description of principal activity44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03927972 2023-06-01 2024-05-31 03927972 2022-06-01 2023-05-31 03927972 2024-05-31 03927972 2023-05-31 03927972 c:Director1 2023-06-01 2024-05-31 03927972 d:FurnitureFittings 2023-06-01 2024-05-31 03927972 d:FurnitureFittings 2024-05-31 03927972 d:FurnitureFittings 2023-05-31 03927972 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03927972 d:FreeholdInvestmentProperty 2024-05-31 03927972 d:FreeholdInvestmentProperty 2023-05-31 03927972 d:CurrentFinancialInstruments 2024-05-31 03927972 d:CurrentFinancialInstruments 2023-05-31 03927972 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 03927972 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 03927972 d:ShareCapital 2024-05-31 03927972 d:ShareCapital 2023-05-31 03927972 d:RetainedEarningsAccumulatedLosses 2024-05-31 03927972 d:RetainedEarningsAccumulatedLosses 2023-05-31 03927972 c:OrdinaryShareClass1 2023-06-01 2024-05-31 03927972 c:OrdinaryShareClass1 2024-05-31 03927972 c:OrdinaryShareClass1 2023-05-31 03927972 c:FRS102 2023-06-01 2024-05-31 03927972 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03927972 c:FullAccounts 2023-06-01 2024-05-31 03927972 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03927972 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03927972









CITYPOINT 1 LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
CITYPOINT 1 LTD
REGISTERED NUMBER: 03927972

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
160
530

Investment property
 5 
3,000,000
3,000,000

  
3,000,160
3,000,530

Current assets
  

Debtors: amounts falling due within one year
 6 
3,178,271
3,192,621

Cash at bank and in hand
  
86
86

  
3,178,357
3,192,707

Creditors: amounts falling due within one year
 7 
(324,866)
(284,557)

Net current assets
  
 
 
2,853,491
 
 
2,908,150

Total assets less current liabilities
  
5,853,651
5,908,680

  

Net assets
  
5,853,651
5,908,680


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
5,853,551
5,908,580

  
5,853,651
5,908,680


Page 1

 
CITYPOINT 1 LTD
REGISTERED NUMBER: 03927972
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 August 2025.




Sunil Datt
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CITYPOINT 1 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 03927972.  The Company's registered office is 43 Frederick Street, Birmingham, B1 3HN.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Revenue

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. The following criteria must also be met before revenue is recognised:

Rendering of services

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.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
CITYPOINT 1 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
straight-line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 4

 
CITYPOINT 1 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 June 2023
1,850



At 31 May 2024

1,850



Depreciation


At 1 June 2023
1,320


Charge for the year on owned assets
370



At 31 May 2024

1,690



Net book value



At 31 May 2024
160



At 31 May 2023
530


5.


Investment property


Freehold investment property

£



Valuation


At 1 June 2023
3,000,000



At 31 May 2024
3,000,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.




Page 5

 
CITYPOINT 1 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Debtors

2024
2023
£
£


Other debtors
3,178,271
3,192,621

3,178,271
3,192,621



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
90,612
40,051

Corporation tax
57,501
57,500

Other taxation and social security
16,209
26,704

Other creditors
158,714
158,552

Accruals and deferred income
1,830
1,750

324,866
284,557


Together Commercial Finance Limited hold fixed and floating charges against the assets of the company.


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



9.


Transactions with directors

As at the balance sheet date £154,746 (2023: £154,746) was due to directors of the company. The loan is interest free and repayable on demand.

 
Page 6