Company registration number 11823706 (England and Wales)
CITYHEART (KINGSTON) LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CITYHEART (KINGSTON) LIMITED
COMPANY INFORMATION
Director
Mr William Mark McNamee
Company number
11823706
Registered office
2 Hilliards Court
Chester Business Park
Chester
Cheshire
CH4 9PX
Accountants
Xeinadin North West Limited
First Floor, The Foundation
Herons Way
Chester Business Park
Chester
Cheshire
CH4 9GB
CITYHEART (KINGSTON) LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Statement of comprehensive income
Balance sheet
4
Statement of changes in equity
5
Notes to the financial statements
6 - 9
CITYHEART (KINGSTON) LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The Director presents his annual report and financial statements for the year ended 31st December 2024

Principal activities

The principal activity of the Company continued to be that of property development.

Director

The Director who held office during the year and up to the date of signature of the financial statements was as follows :

Mr William Mark McNamee
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr William Mark McNamee
Director
20 August 2025
CITYHEART (KINGSTON) LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CITYHEART (KINGSTON) LIMITED FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cityheart (Kingston) Limited for the year ended 31 December 2024 which comprise the profit and loss account, the balance sheet, the statement of changes in equity and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Cityheart (Kingston) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Cityheart (Kingston) Limited and state those matters that we have agreed to state to the b oard of d irectors of Cityheart (Kingston) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cityheart (Kingston) Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Cityheart (Kingston) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cityheart (Kingston) Limited. You consider that Cityheart (Kingston) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cityheart (Kingston) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Xeinadin North West Limited
First Floor, The Foundation
Herons Way
Chester Business Park
Chester
Cheshire
CH4 9GB
20 August 2025
CITYHEART (KINGSTON) LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
2024
2023
Notes
£
£
Turnover
63,758
9,800,491
Cost of sales
679
(9,798,628)
Gross profit
64,437
1,863
Administrative expenses
(101,167)
(78,195)
Other operating income
77,914
36,013
Operating profit/(loss)
41,184
(40,319)
Interest receivable and similar income
1
-
0
Profit/(loss) before taxation
41,185
(40,319)
Tax on profit/(loss)
-
0
-
0
Profit/(loss) for the financial year
41,185
(40,319)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

CITYHEART (KINGSTON) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 4 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
595,167
224,257
Cash at bank and in hand
3,139
770,979
598,306
995,236
Creditors: amounts falling due within one year
5
(44,213)
(460,730)
Net current assets
554,093
534,506
Creditors: amounts falling due after more than one year
6
(251,402)
(273,000)
Net assets
302,691
261,506
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
302,690
261,505
Total equity
302,691
261,506

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The financial statements were approved and signed by the director and authorised for issue on 20 August 2025
Mr William Mark McNamee
Director
Company registration number 11823706 (England and Wales)
CITYHEART (KINGSTON) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2023
1
301,824
301,825
Year ended 31 December 2023:
Loss and total comprehensive income
-
(40,319)
(40,319)
Balance at 31 December 2023
1
261,505
261,506
Year ended 31 December 2024:
Profit and total comprehensive income
-
41,185
41,185
Balance at 31 December 2024
1
302,690
302,691
CITYHEART (KINGSTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
1
Accounting policies
Company information

Cityheart (Kingston) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Hilliards Court, Chester Business Park, Chester, Cheshire, CH4 9PX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: The disclosure requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b), 11.48(c), 12.26, 12.27, 12.29(a), 12.29(b), and 12.29A;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Cityheart Limited. These consolidated financial statements are available from its registered office, 2 Hilliards Court, Chester Business Park, Chester, CH4 9PX.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes..

1.3
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

CITYHEART (KINGSTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 7 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Assessing indicators of impairment

In assessing whether there have been any indicators of impairment the directors have considered both external and internal sources of information such as market conditions and experience of recoverability. There have been no indicators of impairments identified in the current year.

CITYHEART (KINGSTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
2
Judgements and key sources of estimation uncertainty
(Continued)
- 8 -
Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Revenue recognition in respect of long term contracts

The Company uses the percentage of completion method to recognise project revenue for fixed price contracts and directors consider the contract profitability at each reporting date. Variations to estimates could result in over or under income recognition.

Recoverability of receivables and pre contract costs

The Company establishes a provision for receivables that are estimated not to be recoverable and also for pre contract costs not recoverable. The directors consider factors such as past experience when assessing this provision.

Determining residual values and useful economic lives of plant and equipment

The Company depreciates tangible assets over their estimated useful lives based on historic performance. The actual lives can vary. Judgement is applied also in the residual values of plant and machinery. When determining the residual value the directors aim to assess the amount that the asset would currently obtain if the asset were disposed using market prices where possible.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
0
0
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
19,128
-
0
Amounts owed by group undertakings
386,381
-
0
Other debtors
-
0
35,132
405,509
35,132
2024
2023
Amounts falling due after more than one year:
£
£
Other debtors
189,658
189,125
Total debtors
595,167
224,257
CITYHEART (KINGSTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
24,381
17,993
Amounts owed to group undertakings
-
0
433,498
Taxation and social security
582
-
0
Other creditors
19,250
9,239
44,213
460,730
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Trade creditors
251,402
273,000
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