City Academy (Arts) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08895292

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		242,140		226,507

			242,140		226,507
CURRENT ASSETS
Debtors	5	15,721		51,160
Cash at bank and in hand		107,457		18,870

		123,178		70,030
Creditors: Amounts Falling Due Within One Year	6	(502,910 )		(248,915 )

NET CURRENT ASSETS (LIABILITIES)			(379,732 )		(178,885 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(137,592 )		47,622

Creditors: Amounts Falling Due After More Than One Year	7		(23,280 )		(242,705 )

NET LIABILITIES			(160,872 )		(195,083 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(160,873 )		(195,084 )

SHAREHOLDERS' FUNDS			(160,872)		(195,083)

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City Academy (Arts) 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

01/10/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

City Academy (Arts) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08895292 . The registered office is 10 Herbal Hill London, 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.

2.3. 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:

Leasehold	10% straight line method
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 2 (2024: 2)

4. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	246,962	28,726	3,391	279,079
Additions	35,584	13,498	2,661	51,743

As at 31 March 2025	282,546	42,224	6,052	330,822

Depreciation
As at 1 April 2024	43,393	8,331	848	52,572
Provided during the period	28,255	6,992	863	36,110

As at 31 March 2025	71,648	15,323	1,711	88,682

Net Book Value
As at 31 March 2025	210,898	26,901	4,341	242,140

As at 1 April 2024	203,569	20,395	2,543	226,507

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City Academy (Arts) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	15,721	43,872
Prepayments and accrued income	-	4,198
VAT	-	3,090

	15,721	51,160

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	18,311	13,408
Other taxes and social security	1,940	5,154
VAT	12,026	-
Other creditors	-	16,310
Pension liability	758	390
Accruals and deferred income	35,107	72,093
Directors' loan accounts	230,980	20,000
Amount owed to parent	203,788	121,560

	502,910	248,915

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

	2025	2024
	£	£
Bank loan	23,280	33,205
Other loans	-	209,500

	23,280	242,705

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

9. Related Party Transactions

City Academy (IP) Limited (Parent Company)

As at Year Ending 31 March 2025 City Academy (IP) Limited owed £203,788 (2024 : £121,560) to City Academy (Arts) Limited.

The company is a wholly owned subsidiary of City Academy (IP) Limited.

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