REGISTERED NUMBER: 02010346 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

City Developments (Nottingham) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

William Andrew Gardner

SECRETARY:

William Andrew Gardner

REGISTERED OFFICE:

22-26 Nottingham Road

Stapleford

Nottingham

United Kingdom

NG9 8AA

REGISTERED NUMBER:

02010346 (England and Wales)

ACCOUNTANTS:

TC Group

Cliffe Hill House

22-26 Nottingham Road

Stapleford

Nottingham

NG9 8AA

FIXED ASSETS

Investment property

4

280,000

280,000

CURRENT ASSETS

Cash at bank

16,432

36,262

CREDITORS

Amounts falling due within one year

5

49,227

76,479

NET CURRENT LIABILITIES

(32,795

)

(40,217

)

TOTAL ASSETS LESS CURRENT LIABILITIES

247,205

239,783

PROVISIONS FOR LIABILITIES

13,423

13,423

NET ASSETS

233,782

226,360

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

6

57,223

57,223

Retained earnings

176,557

169,135

SHAREHOLDERS' FUNDS

233,782

226,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2025 and were signed by:

William Andrew Gardner - Director

1.	STATUTORY INFORMATION

City Developments (Nottingham) 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of rental income received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The director has considered the fair value of investment property at the reporting date to be £450,000. This fair value has been calculated based historic purchase price and review of trends in the property market. No professional valuation has been obtained, the methods and significant assumptions applied in determining the fair value of the investment property include consideration into; property market trends local to the investment property, recent property sales local to the investment property, rental yield of the property and the condition of the property.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

280,000

NET BOOK VALUE

At 31 May 2025

280,000

At 31 May 2024

280,000

Fair value at 31 May 2025 is represented by:

£

Valuation in 2016

110,646

Valuation in 2017

60,000

Valuation in 2021

70,000

Valuation in 2024

(170,000

)

Valuation in 2025

209,354

280,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Taxation and social security

3,047

6,478

Other creditors

46,180

70,001

49,227

76,479

6.

RESERVES

Fair

value

reserve

£

At 1 June 2024

and 31 May 2025

57,223