City Academy (IP) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08895252

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		50,035		54,279
Tangible Assets	5		49,007		60,911
Investments	6		80,400		80,400

			179,442		195,590
CURRENT ASSETS
Debtors	7	203,788		159,846
Cash at bank and in hand		4,275		2,187

		208,063		162,033
Creditors: Amounts Falling Due Within One Year	8	(446,738 )		(395,647 )

NET CURRENT ASSETS (LIABILITIES)			(238,675 )		(233,614 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(59,233 )		(38,024 )

Creditors: Amounts Falling Due After More Than One Year	9		(29,493 )		(34,093 )

NET LIABILITIES			(88,726 )		(72,117 )

CAPITAL AND RESERVES
Called up share capital	10		285		260
Share premium account			59,992		102,985
Profit and Loss Account			(149,003 )		(175,362 )

SHAREHOLDERS' FUNDS			(88,726)		(72,117)

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City Academy (IP) Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Ward Director	Ms Susan Young Director
30/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

City Academy (IP) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08895252 . The registered office is 10 Herbal Hill, Clerkenwell, London, England, EC1R 5EG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are websites development. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% reducing balance method
Computer Equipment	25% reducing balance method

3. Average Number of Employees

Average number of employees, including directors, during the year was 4 (2024: 4)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 April 2024	5,262	60,310	65,572
Additions	-	1,800	1,800

As at 31 March 2025	5,262	62,110	67,372

Amortisation
As at 1 April 2024	5,262	6,031	11,293
Provided during the period	-	6,044	6,044

As at 31 March 2025	5,262	12,075	17,337

Net Book Value
As at 31 March 2025	-	50,035	50,035

As at 1 April 2024	-	54,279	54,279

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City Academy (IP) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	83,965	448,246	532,211
Additions	1,642	2,211	3,853

As at 31 March 2025	85,607	450,457	536,064

Depreciation
As at 1 April 2024	78,099	393,201	471,300
Provided during the period	1,916	13,841	15,757

As at 31 March 2025	80,015	407,042	487,057

Net Book Value
As at 31 March 2025	5,592	43,415	49,007

As at 1 April 2024	5,866	55,045	60,911

6. Investments

	Other
	£
Cost or Valuation
As at 1 April 2024	80,400

As at 31 March 2025	80,400

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	80,400

As at 1 April 2024	80,400

7. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by subsidiaries	203,788	159,846

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City Academy (IP) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	9,198	46,744
Other taxes and social security	480	4,203
Other creditors	36,000	-
Pension Payable	8,654	2,103
Accruals and deferred income	112,208	216,680
Directors' loan accounts	2,295	-
Amounts owed to subsidiaries	10,212	10,007
Amounts owed to associates	267,691	115,910

	446,738	395,647

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loan	29,493	34,093

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	285	260

11. Related Party Transactions

As at Year Ending 31 March 2025 City Academy (IP) Limited owed £203,788 (2024 : £159,846) to City Academy (Arts) Limited (wholly owned subsidiary) and other than this City Academy (Community) CIC Ltd and Photoion Photography Ltd owed to City Academy (IP) Ltd amounts of £267,691 and £10,212 respectively.

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