Caseware UK (AP4) 2024.0.164 2024.0.164 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1 1 2024-04-01 true true false 14792947 2024-04-01 2025-03-31 14792947 2023-04-11 2024-03-31 14792947 2025-03-31 14792947 2024-03-31 14792947 c:Director1 2024-04-01 2025-03-31 14792947 d:FreeholdInvestmentProperty 2024-04-01 2025-03-31 14792947 d:FreeholdInvestmentProperty 2025-03-31 14792947 d:FreeholdInvestmentProperty 2024-03-31 14792947 d:CurrentFinancialInstruments 2025-03-31 14792947 d:CurrentFinancialInstruments 2024-03-31 14792947 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 14792947 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14792947 d:ShareCapital 2025-03-31 14792947 d:ShareCapital 2024-03-31 14792947 d:RetainedEarningsAccumulatedLosses 2025-03-31 14792947 d:RetainedEarningsAccumulatedLosses 2024-03-31 14792947 c:FRS102 2024-04-01 2025-03-31 14792947 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 14792947 c:FullAccounts 2024-04-01 2025-03-31 14792947 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14792947 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 14792947
| Citadel Homes (RI2) Limited Financial statements Information for filing with the registrar 31 March 2025 |
Citadel Homes (RI2) Limited
Balance sheet At 31 March 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 3,038,092 |  | 2,609,330
|  |  | 3,038,092 |  | 2,609,330
Current assets |  |  |  |  |
Debtors | 5 | 2,001 |  | 1,975 |
Cash at bank and in hand |  | 108,519 |  | 45,023 |
|  | 110,520 |  | 46,998 |
Creditors: amounts falling due within one year | 6 | (2,909,218) |  | (2,642,343) |
Net current liabilities |  |  | (2,798,698) |  | (2,595,345)
Total assets less current liabilities |  |  | 239,394 |  | 13,985
Net assets |  |  | 239,394 |  | 13,985
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | 239,393 |  | 13,984
Shareholders' funds |  |  | 239,394 |  | 13,985
1
Citadel Homes (RI2) Limited
Balance sheet (continued) At 31 March 2025 The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 October 2025.
D T Montgomery
Director
Company registered number: 14792947 The notes on pages 3 to 4 form part of these financial statements. 2
Citadel Homes (RI2) Limited
Notes to the financial statements Year ended 31 March 2025
1. | General information
Citadel Homes (RI2) Limited ('the company') engages in the management of residential property. The company is a private company limited by shares, incorporated and domociled in the United Kingdom and registered in England. The address of the registered office is Denton House, Denton Holme Trade Centre, Chapel Place, Carlisle, CA2 5DF. 2.Accounting policies
| 2.1 | Statement of compliance
The financial statements have been prepared in accordance with Section 1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.
| 2.2 | Revenue
Turnover shown in the profit and loss account represents rental income invoiced applicable to the period, exclusive of Value Added Tax.
| 2.3 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
| 2.4 | Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.5 | Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
3. | Employees
| The company has no employees other than the director, who did not receive any remuneration.
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Citadel Homes (RI2) Limited
Notes to the financial statements Year ended 31 March 2025
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 April 2024 | 2,609,330
| Additions at cost | 428,762
| At 31 March 2025 | 3,038,092
The 2025 valuations were made by the director, on an open market value for existing use basis.
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 1 | 1
| Prepayments and accrued income | 2,000 | 1,974
|  | 2,001 | 1,975
6. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax | 43,131 | -
| Other creditors | 2,841,492 | 2,611,130
| Accruals and deferred income | 24,595 | 31,213
|  | 2,909,218 | 2,642,343
7. | Related party transactions
| During the year the company operated loan accounts with two companies who both share a common director; Citadel Homes (TC) Limited and Citadel Homes (Cumbria) Limited. At the reporting date £50,000 (2024 : £250,000) and £2,791,492 (2024 : £2,359,330) was owed to Citadel Homes (TC) Limited and Citadel Homes (Cumbria) Limited respectively. The loans are unsecured, interest free, and repayable on demand.
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