Company registration number: 12147684
Unaudited financial statements
for the year ended 31 December 2024
for
The Circle Line London Ltd
Pages for filing with the Registrar
Company registration number: 12147684
The Circle Line London Ltd
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 4,250 9,345
Tangible assets 5 181 256
4,431 9,601
Current assets
Debtors 12,666 24,146
Cash at bank and in hand 119,529 99,780
132,195 123,926
Creditors: amounts falling due within one
year 		(120,264) (115,426)
Net current assets 11,931 8,500
Total assets less current liabilities 16,362 18,101
Provisions for liabilities (1,108) (73)
NET ASSETS 15,254 18,028
Capital and reserves
Called up share capital 154 140
Profit and loss account 15,100 17,888
TOTAL EQUITY 15,254 18,028
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 12147684
The Circle Line London Ltd
Balance sheet - continued
as at 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 19 September 2025 and signed on its behalf by:
Ms P Richardson, Director
19 September 2025
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The Circle Line London Ltd
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
The Circle Line London Ltd is a private company registered in England and Wales. Its registered number is 12147684. The company is limited by shares. Its registered office is 128 City Road, London, EC1V 2NX.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Development costs - amortised evenly over their estimated useful life of five
years
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Computer equipment - 33% reducing balance
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The Circle Line London Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 2 (2023 - 3).
4 Intangible assets
Other
intangible
assets
£
Cost
At 1 January 2024 37,426
At 31 December 2024 37,426
Amortisation
At 1 January 2024 28,081
Charge for year 5,095
At 31 December 2024 33,176
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The Circle Line London Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
4 Intangible assets - continued
Net book value
At 31 December 2024 4,250
At 31 December 2023 9,345
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2024 645
At 31 December 2024 645
Depreciation
At 1 January 2024 389
Charge for year 75
At 31 December 2024 464
Net book value
At 31 December 2024 181
At 31 December 2023 256
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