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Registered number: 09633557
City Stay Aparts Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Goldwyns London LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09633557
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,966 30,730
23,966 30,730
CURRENT ASSETS
Debtors 5 387,341 358,724
Cash at bank and in hand 68,341 173,417
455,682 532,141
Creditors: Amounts Falling Due Within One Year 6 (80,197 ) (152,633 )
NET CURRENT ASSETS (LIABILITIES) 375,485 379,508
TOTAL ASSETS LESS CURRENT LIABILITIES 399,451 410,238
Creditors: Amounts Falling Due After More Than One Year 7 (119,574 ) (14,974 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (4,554 ) (7,683 )
NET ASSETS 275,323 387,581
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 275,223 387,481
SHAREHOLDERS' FUNDS 275,323 387,581
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr E Gast Palacio
Director
24/12/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
City Stay Aparts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09633557 . The registered office is G4 85-87 Bayham Street, London, NW1 0AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged his financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. 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 33% Straight line
Computer Equipment 33% Straight line
Tangible assets are initially recorded at cost and subsequently stated at cost less accumulated depreciation and impairment losses.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.
Deferred Tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Financial Instruments
The company only enters into basic financial transactions that result in the recoginition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other parties, loans to related parties and investments in non- puttable ordinary shares.
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2.8. Cash And Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.9. Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 6)
7 6
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 131,217 12,157 143,374
Additions 25,366 889 26,255
As at 31 March 2025 156,583 13,046 169,629
Depreciation
As at 1 April 2024 105,577 7,067 112,644
Provided during the period 29,626 3,393 33,019
As at 31 March 2025 135,203 10,460 145,663
Net Book Value
As at 31 March 2025 21,380 2,586 23,966
As at 1 April 2024 25,640 5,090 30,730
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 43,594 40,277
Prepayments and accrued income 2,172 450
Other debtors 111,874 115,947
Shareholder loan account - 75,303
Director's loan account - 25,046
Amounts owed by connected companies 229,701 101,701
387,341 358,724
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 8,948 10,463
Bank loans and overdrafts 14,974 27,638
Other taxes and social security 4,118 2,727
Other creditors 29,171 83,082
Shareholder's loan account 85 -
Pensions payable 382 517
Accruals and deferred income 22,450 28,206
Director's loan account 69 -
80,197 152,633
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 119,574 14,974
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 4,554 7,683
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
The nominal value per share is £1 and as at the year end there are 100 Ordinary shares in issue.
11. Other Commitments
The total of future minimum lease payments under cancellable only in case of increase in rental of operating leases are as following:
2025 2024
£ £
Not later than one year 7,999 5,554
Later than one year and not later than five years 15,188 1,851
23,187 7,405
12. Pension Commitments
The company operates a defined contribution pension scheme for staff. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £382 were due to the fund. They are included in creditors and shown seperatly.
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13. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 114,000 -
14. Related Party Transactions
Included in other debtors are amounts due from a connected companies. At the year end the amounts owed by connected companies was £229,701 (2023 - £101,701). These loans are interest free and repayable on demand.
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