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COMPANY REGISTRATION NUMBER: 03991213

Cityhigher Ltd

Filleted Unaudited Financial Statements

30 September 2025

Cityhigher Ltd

Statement of Financial Position

30 September 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 2,547,854 | 2,267,843

Current assets

Debtors | 6 | 254,898 |  | 344,265
Cash at bank and in hand | 73,059 |  | 53,516
| --------- |  | ---------
| 327,957 |  | 397,781

Creditors: amounts falling due within one year | 7 | 124,197 |  | 118,591
| --------- |  | ---------
Net current assets |  | 203,760 | 279,190
|  | ------------ | ------------
Total assets less current liabilities |  | 2,751,614 | 2,547,033

Creditors: amounts falling due after more than one year | 8 |  | 1,877,353 | 1,664,950

Provisions

Taxation including deferred tax |  | 110,671 | 152,292
|  | ------------ | ------------
Net assets |  | 763,590 | 729,791
|  | ------------ | ------------

Cityhigher Ltd

Statement of Financial Position (continued)

30 September 2025

| 2025 | 2024
Note | £ | £ | £

Capital and reserves

Called up share capital | 11 |  | 2,000 | 2,000
Revaluation reserve | 12 |  | 739,088 | 697,240
Profit and loss account | 12 |  | 22,502 | 30,551
|  | --------- | ---------
Shareholders funds |  | 763,590 | 729,791
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 March 2026 , and are signed on behalf of the board by:

Mr S Thorley |
Director |

Company registration number: 03991213

Cityhigher Ltd

Notes to the Financial Statements

Year ended 30 September 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 The Villas, Stoke on Trent, Staffs, ST4 5AQ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The company's turnover represents the value excluding VAT of rents receivable during the year from its investment properties.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
All fixed assets are initially recorded at cost except investment properties which are dealt with in accordance with a separate accounting policy
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant & machinery | - | 15% reducing balance
| Equipment | - | 1/3rd straight line

Investment property
Investment properties are included at fair value. Gains are recognised in the Income Statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets

| Land and buildings | Plant and machinery | Equipment | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 October 2024 | 2,266,597 | 1,570 | 779 | 2,268,946
Additions | 279,100 | 1,249 | – | 280,349
| ------------ | ------- | ---- | ------------
At 30 September 2025 | 2,545,697 | 2,819 | 779 | 2,549,295
| ------------ | ------- | ---- | ------------
Depreciation |  |  |  |
At 1 October 2024 | – | 417 | 686 | 1,103
Charge for the year | – | 291 | 47 | 338
| ------------ | ------- | ---- | ------------
At 30 September 2025 | – | 708 | 733 | 1,441
| ------------ | ------- | ---- | ------------
Carrying amount |  |  |  |
At 30 September 2025 | 2,545,697 | 2,111 | 46 | 2,547,854
| ------------ | ------- | ---- | ------------
At 30 September 2024 | 2,266,597 | 1,153 | 93 | 2,267,843
| ------------ | ------- | ---- | ------------

The valuation of investment properties was carried out by the director effective 26th October 2022. The valuation was made on the assumption that the properties were sold with the benefit of vacant position.
The company's land and building are wholly investment properties and are held for operating lease purposes.
6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 2,604 | 1,721
Other debtors | 252,294 | 342,544
| --------- | ---------
| 254,898 | 344,265
| --------- | ---------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 4,199
Corporation tax | 559 | –
Social security and other taxes | 140 | 49
Other creditors | 123,498 | 114,343
| --------- | ---------
| 124,197 | 118,591
| --------- | ---------

8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 1,877,353 | 1,664,950
| ------------ | ------------

Included within creditors: amounts falling due after more than one year is an amount of £1,877,353 (2024: £1,662,149) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.
Interest only secured borrowings are in place on each of the investment properties. The borrowings are repayable in full at the end of the mortgage term.
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:

| 2025 | 2024
| £ | £
Included in provisions | 110,671 | 152,292
| --------- | ---------

The deferred tax account consists of the tax effect of timing differences in respect of:

| 2025 | 2024
| £ | £
Accelerated capital allowances | 539 | 312
Fair value adjustment of investment property | 110,132 | 151,980
| --------- | ---------
| 110,671 | 152,292
| --------- | ---------

10. Analysis of other comprehensive income

| Revaluation reserve
| £
Year ended 30 September 2025 |
Revaluation of tangible assets | 41,848
| --------

11. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 2,000 | 2,000 | 2,000 | 2,000
| ------- | ------- | ------- | -------

12. Reserves
Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income.
13. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the director | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| Mr S Thorley | ( 106,663) | 396,578 | ( 392,245) | ( 102,330)
|  | --------- | --------- | --------- | ---------

| 2024
|  | Balance brought forward | Advances/ (credits) to the director | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| Mr S Thorley | 112,419 | 284,137 | ( 503,219) | ( 106,663)
|  | --------- | --------- | --------- | ---------

Cityhigher Ltd

Notes to the Financial Statements (continued)

Year ended 30 September 2025
14. Related party transactions
The company was under the control of Mr S W Thorley throughout the current and previous period. At the year end Cityhigher Ltd is owed £93,294 by a company under the control of Mr Thorley. No interest is charged on this loan. During the year Mr Thorley Transferred ownership for three rental properties to the company. The combined value of these properties was £270,000. The transactions took place at market value. Interest is paid at 8% pa on the credit balance of the directors loan account.