REGISTERED NUMBER: 04872017 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST APRIL 2024 TO 7TH APRIL 2025

FOR

FULL CITY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J W Ellse

Ms A Nolasco

SECRETARY:

J W Ellse

REGISTERED OFFICE:

83 Cambridge Street

Pimlico

London

SW1V 4PS

REGISTERED NUMBER:

04872017 (England and Wales)

ACCOUNTANTS:

George Hay & Company

Chartered Accountants

83 Cambridge Street

London

SW1V 4PS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

422,938

468,431

Investments

6

101

100

423,039

468,531

CURRENT ASSETS

Stocks

48,732

60,173

Debtors

7

364,375

798,404

Cash at bank and in hand

4,512,765

3,575,583

4,925,872

4,434,160

CREDITORS

Amounts falling due within one year

8

726,595

728,541

NET CURRENT ASSETS

4,199,277

3,705,619

TOTAL ASSETS LESS CURRENT LIABILITIES

4,622,316

4,174,150

PROVISIONS FOR LIABILITIES

9

24,514

29,646

NET ASSETS

4,597,802

4,144,504

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,597,702

4,144,404

SHAREHOLDERS' FUNDS

4,597,802

4,144,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 7th April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 7th April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st December 2025 and were signed on its behalf by:

J W Ellse - Director

1.	STATUTORY INFORMATION

Full City Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Consolidation

The company and its subsidiary form a small group. The company is therefore not required to produce consolidated financial statements. These financial statements present information about the company as a single entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill paid in connection with the acquisition of a restaurant business in 2004 is being amortised evenly over its estimated useful life of twenty years. Goodwill paid in connection with the acquisition of a public house business in 2013 is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

over the life of the lease

Leasehold improvements

-

over the life of the lease

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only enters into basic financial 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 and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating leases

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 60 (2024 - 65 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 7th April 2025

732,360

AMORTISATION

At 1st April 2024

and 7th April 2025

732,360

NET BOOK VALUE

At 7th April 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Leasehold

and

Computer

leasehold

improvements

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

12,363

516,935

731,448

56,626

1,317,372

Additions

-

-

10,420

2,359

12,779

At 7th April 2025

12,363

516,935

741,868

58,985

1,330,151

DEPRECIATION

At 1st April 2024

5,363

176,571

619,822

47,185

848,941

Charge for period

500

24,311

30,511

2,950

58,272

At 7th April 2025

5,863

200,882

650,333

50,135

907,213

NET BOOK VALUE

At 7th April 2025

6,500

316,053

91,535

8,850

422,938

At 31st March 2024

7,000

340,364

111,626

9,441

468,431

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1st April 2024

100

Additions

1

At 7th April 2025

101

NET BOOK VALUE

At 7th April 2025

101

At 31st March 2024

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

28,234

62,957

Other debtors

246,844

670,000

Prepayments

42,360

16,110

Accrued income

46,937

49,337

364,375

798,404

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

148,124

79,508

Tax

186,617

180,840

Social security and other taxes

16,371

21,512

VAT

57,010

60,237

Other creditors

2,596

5,072

Directors' current accounts

29,500

152,340

Accruals and deferred income

286,377

229,032

726,595

728,541

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

24,514

29,646

Deferred

tax

£

Balance at 1st April 2024

29,646

Provided during period

(5,132

)

Balance at 7th April 2025

24,514

10.	OTHER FINANCIAL COMMITMENTS

Operating lease payments in respect of land and buildings in the sum of £62,736 are committed to be paid within one year in respect of leases held for 14 years. The total commitments to the end of the leases amount to £863,000.

11.	RELATED PARTY DISCLOSURES

Included within Other Debtors is a loan to an associated company of £210,000 (2024 - £670,000). The loan is interest free and is repayable on demand.