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Registered number: 13265936
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Citadel Homes (TC) Limited
Financial statements
Information for filing with the registrar
31 March 2025
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Citadel Homes (TC) Limited
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Balance sheet
At 31 March 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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1
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Citadel Homes (TC) Limited
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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.
Company registered number: 13265936
The notes on pages 3 to 6 form part of these financial statements.
2
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Citadel Homes (TC) Limited
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Notes to the financial statements
Year ended 31 March 2025
Citadel Homes (TC) Limited (the company) operates as an investment company.
The company is a private company limited by shares, incorporated and domiciled in the United Kingdom. The address of the registered office is given in the company information page of these financial statements.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Interest income is recognised in profit or loss using the effective interest method.
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price plus any further costs directly attributable to bringing the asset to its working condition for its intended use.
No depreciation has been provided on land.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Investment property is carried at fair value determined annually by the directors 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.
Investments in subsidiaries are measured at cost less accumulated impairment.
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
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Citadel Homes (TC) Limited
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Notes to the financial statements
Year ended 31 March 2025
2.Accounting policies (continued)
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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The company has no employees other than the director, who did not receive any remuneration.
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Investments in subsidiary companies
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4
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Citadel Homes (TC) Limited
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Notes to the financial statements
Year ended 31 March 2025
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Freehold investment property
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The 2025 valuations were made by the director, on an open market value for existing use basis.
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Amounts owed by group undertakings
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Creditors: amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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5
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Citadel Homes (TC) Limited
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Notes to the financial statements
Year ended 31 March 2025
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Related party transactions
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During the year, the company engaged in transactions with a company which has a common director, Citadel Homes (RI2) Limited. The balance owed to the company at the year end was £50,000 (2024 : £250,000). This loan was unsecured, interest free, and repayable on demand.
The company is exempt from disclosing other related party transactions with its wholly-owned subsidiaries.
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6
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