Company registration number 15832359 (England and Wales)
Citylife Holdings 4A Limited
Annual Report And Unaudited Financial Statements
For The Period Ended 31 July 2025
Pages For Filing With Registrar
CITYLIFE HOLDINGS 4A LIMITED
Citylife Holdings 4A Limited
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
CITYLIFE HOLDINGS 4A LIMITED
Citylife Holdings 4A Limited
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 1 -
2025
Notes
£
£
Fixed assets
Tangible assets
3
20,949
Investment property
4
12,330,372
12,351,321
Current assets
Debtors
5
33,415
Cash at bank and in hand
44,147
77,562
Creditors: amounts falling due within one year
6
(4,676,298)
Net current liabilities
(4,598,736)
Total assets less current liabilities
7,752,585
Creditors: amounts falling due after more than one year
7
(7,888,125)
Net liabilities
(135,540)
Capital and reserves
Called up share capital
200
Profit and loss reserves
(135,740)
Total equity
(135,540)

For the financial period ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 7 April 2026 and are signed on its behalf by:
Mr G Morgan
Director
Company registration number 15832359 (England and Wales)
CITYLIFE HOLDINGS 4A LIMITED
Citylife Holdings 4A Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2025
- 2 -
1
Accounting policies
Company information

Citylife Holdings 4A Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o Azets, 12 King Street, Leeds, LS1 2HL.

1.1
Reporting period

The company was incorporated on 11 July 2024. The financial statements are for the reporting period 11 July 2024 to 31 July 2025.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The immediate parent company is Citylife Limited and the ultimate parent company is BKJ Capital Limited. The registered office of BKJ Capital Limited is 15 Clover Nook Road, Somercotes, Derbyshire, DE55 4RF. The company and its parent comprise a small group and as such are exempt from preparing group accounts.

1.3
Going concern

At the balance sheet date, the company had true net current liabilities of £4,598,736, and net liabilities of £135,540. The director s have confirmed that support will be provided to this company by its parent companies and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

1.4
Turnover

Turnover represents rents and service charges receivable net of VAT, which are recognised on an accrued basis over the period of tenancy.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
10% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

CITYLIFE HOLDINGS 4A LIMITED
Citylife Holdings 4A Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.8
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.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

CITYLIFE HOLDINGS 4A LIMITED
Citylife Holdings 4A Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 4 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

CITYLIFE HOLDINGS 4A LIMITED
Citylife Holdings 4A Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 11 July 2024
-
0
Additions
21,792
At 31 July 2025
21,792
Depreciation and impairment
At 11 July 2024
-
0
Depreciation charged in the period
843
At 31 July 2025
843
Carrying amount
At 31 July 2025
20,949
CITYLIFE HOLDINGS 4A LIMITED
Citylife Holdings 4A Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 6 -
4
Investment property
2025
£
Fair value
At 11 July 2024
-
0
Additions
12,330,372
At 31 July 2025
12,330,372

23 of the 36 investment properties have been valued during the year by Al Rayan Bank PLC to a value of £8,140,000. The valuation s w ere made on an open market value basis by reference to market evidence of transaction prices for similar properties. The directors are of the opinion that the market value of investment properties at 31 July 2025 was not materially different to this valuation.

The directors have valued the remaining 13 properties at £4,190,372, giving a total valuation of investment properties at the year end of £12,330,372.

5
Debtors
2025
Amounts falling due within one year:
£
Amounts owed by group undertakings
200
Other debtors
33,215
33,415

Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

6
Creditors: amounts falling due within one year
2025
£
Trade creditors
12,633
Amounts owed to group undertakings
4,651,743
Other creditors
11,922
4,676,298

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

7
Creditors: amounts falling due after more than one year
2025
£
Bank loans
7,888,125

The company took a bank loan during the year totalling £7,888,125 with 6.2% interest per annum and is deemed fully repayable by 24 June 2029. The loan is secured against the properties to which it relates, and all other assets of the company.

CITYLIFE HOLDINGS 4A LIMITED
Citylife Holdings 4A Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2025
- 7 -
8
Related party transactions
Transactions with related parties

During the period the company entered into the following transactions with related parties:

At the period end, amounts of £200 were owed from Citylife Limited, a company with common directors.

At the period end, amounts of £4,651,743 were owed to Citylife Holdings 4 Limited, a company with common directors.

9
Parent company

The immediate parent company is Citylife Limited and the ultimate parent company is BKJ Capital Limited. The registered office of BKJ Capital Limited is 15 Clover Nook Road, Somercotes, Derbyshire, DE55 4RF. The company and its parent comprise a small group and as such are exempt from preparing group accounts.

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