Citizen X Limited

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

Registered number: 15018247

		31 July 2025		31 July 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		867		865

			867		865
CURRENT ASSETS
Debtors	5	1,105		10,871
Cash at bank and in hand		6,933		15,753

		8,038		26,624
Creditors: Amounts Falling Due Within One Year	6	(8,811 )		(18,016 )

NET CURRENT ASSETS (LIABILITIES)			(773 )		8,608

TOTAL ASSETS LESS CURRENT LIABILITIES			94		9,473

NET ASSETS			94		9,473

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			92		9,471

SHAREHOLDERS' FUNDS			94		9,473

For the year ending 31 July 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

T B Ash

Director

14 October 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Citizen X Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15018247 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

The presentation currency of the financial statements is the Pound Sterling (£).

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 from the rendering of services is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is reduced for estimated customer rebates and other similar allowances. Revenue is recognised when services are performed.

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:

Fixtures & Fittings	straight line over 3 years
Computer Equipment	straight line over 3 years

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. 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 material 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. Average Number of Employees

Average number of employees during the year was: NIL (2024: NIL)

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Citizen X Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 August 2024	573	357	930
Additions	-	416	416

As at 31 July 2025	573	773	1,346

Depreciation
As at 1 August 2024	55	10	65
Provided during the period	191	223	414

As at 31 July 2025	246	233	479

Net Book Value
As at 31 July 2025	327	540	867

As at 1 August 2024	518	347	865

5. Debtors

	31 July 2025	31 July 2024
	£	£
Due within one year
Trade debtors	-	10,620
Other debtors	1,105	251

	1,105	10,871

6. Creditors: Amounts Falling Due Within One Year

	31 July 2025	31 July 2024
	£	£
Other creditors	3,800	4,800
Taxation and social security	5,011	13,216

	8,811	18,016

7. Share Capital

	31 July 2025	31 July 2024
Allotted, called up and fully paid	£	£
2 Ordinary Shares of £ 1.00 each	2	2

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Citizen X Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

8. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 August 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 July 2025
	£	£	£	£	£

T B Ash & S Ash	(1,800)	2,814	-	-	1,014

The loan was repaid shortly after the year end.

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