REGISTERED NUMBER: 11260591 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

CITIGARDEN LIVING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

4,199,432

4,199,432

CURRENT ASSETS

Stocks

235

-

Debtors

5

152,229

59,773

Cash at bank

20,029

14,991

172,493

74,764

CREDITORS

Amounts falling due within one year

6

147,023

208,928

NET CURRENT ASSETS/(LIABILITIES)

25,470

(134,164

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,224,902

4,065,268

CREDITORS

Amounts falling due after more than one year

7

3,670,077

3,719,149

NET ASSETS

554,825

346,119

CAPITAL AND RESERVES

Called up share capital

9

99

99

Retained earnings

10

554,726

346,020

SHAREHOLDERS' FUNDS

554,825

346,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 3 September 2025 and were signed on its behalf by:

J R Kidd - Director

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.

Stocks

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

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 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Long

leasehold

£

COST

At 1 July 2023

and 30 June 2024

4,199,432

NET BOOK VALUE

At 30 June 2024

4,199,432

At 30 June 2023

4,199,432

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

4,462

-

Amount due from related undertaking

118,269

39,759

Sundry debtors and prepayments

29,498

20,014

152,229

59,773

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,126

12,239

Trade creditors

125,431

191,602

Corporation tax

924

669

Social security and other taxes

6,537

2,418

Accrued expenses

4,005

2,000

147,023

208,928

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

23,841

2,331,854

Amount due to group undertakings

3,420,525

868,587

Directors' loan accounts

225,711

518,708

3,670,077

3,719,149

Included within the bank loan and overdrafts is £33,971 (2023: £44,093) which relates to a HM Government Coronavirus Business Bounce Back Loan. The loan carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank Loan

-

2,300,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

99

Ordinary

£1

99

99

10.

RESERVES

Retained

earnings

£

At 1 July 2023

346,020

Profit for the year

208,706

At 30 June 2024

554,726

11.	RELATED PARTY DISCLOSURES

At 30 June 2024 the company owed Citispace Group Limited £3,314,401 (2023: £807,467) D Serr, J R Kidd and L Plant are directors of Citigarden Living Limited and Citispace Group Limited.

At 30 June 2024 the company owed Citispace Services Limited £106,124 (2023: £61,120) D Serr, J R Kidd and L Plant are directors of Citigarden Living Limited and Citispace Services Limited.

At 30 June 2024 the company was owed £118,269 (2023: £39,759) by Design Management Contracts Limited D Serr and J R Kidd are directors of Citigarden Living Limited and Design Management Contracts Limited.

12.	IMMEDIATE CONTROLLING PARTY

The company is under the immediate control of Citispace Group Limited.

13.	ULTIMATE CONTROL

The company is under the ultimate control of the directors.