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Registered number: 13269882
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Citadel Homes (RI) Limited
Financial statements
Information for filing with the registrar
31 March 2025
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Citadel Homes (RI) Limited
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Balance sheet
At 31 March 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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1
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Citadel Homes (RI) 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: 13269882
The notes on pages 3 to 5 form part of these financial statements.
2
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Citadel Homes (RI) Limited
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Notes to the financial statements
Year ended 31 March 2025
Citadel Homes (RI) 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
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.
Turnover shown in the profit and loss account represents rental income invoiced applicable to the period, exclusive of Value Added Tax.
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
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.
Investment property is carried at fair value determined annually by the director 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.
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.
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.
3
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Citadel Homes (RI) Limited
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Notes to the financial statements
Year ended 31 March 2025
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The company has no employees other than the director, who did not receive any remuneration.
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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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Accruals and deferred income
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4
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Citadel Homes (RI) Limited
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Notes to the financial statements
Year ended 31 March 2025
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Creditors: amounts falling due after more than one year
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Bank loans of £8,000,000 are secured by a fixed charge over the assets of the company.
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Related party transactions
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As a wholly-owned subsidiary undertaking, the company is exempt from disclosing transactions with its parent company and other wholly-owned subsidiary undertakings within the same group.
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5
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