Company registration number 10378432 (England and Wales)
Citylife Holdings 5 Limited
Unaudited Financial Statements
For TheYear Ended 26 September 2025
Pages For Filing With Registrar
CITYLIFE HOLDINGS 5 LIMITED
Citylife Holdings 5 Limited
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
CITYLIFE HOLDINGS 5 LIMITED
Citylife Holdings 5 Limited
BALANCE SHEET
AS AT
26 SEPTEMBER 2025
26 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
-
0
24,000
Cash at bank and in hand
217
758
217
24,758
Creditors: amounts falling due within one year
4
(121,056)
(850,145)
Net current liabilities
(120,839)
(825,387)
Creditors: amounts falling due after more than one year
5
(23,217)
(25,204)
Net liabilities
(144,056)
(850,591)
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
(144,256)
(850,791)
Total equity
(144,056)
(850,591)

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

For the financial year ended 26 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 10 April 2026 and are signed on its behalf by:
Mr G Morgan
Director
Company Registration No. 10378432
CITYLIFE HOLDINGS 5 LIMITED
Citylife Holdings 5 Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

Citylife Holdings 5 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
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 ultimate parent company is BKJ Capital Limited. The registered office of BKJ Capital Limited is 15 Clover Nook Road, Cotes Park Industrial Estate, Somercotes, Derbyshire, DE55 4RF. The company and its parent company comprise a small group and as such are exempt from preparing group accounts.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Despite the losses incurred in the year, and the insolvent balance sheet, the company continues to be supported by its related parties. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

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.

1.4
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.

1.5
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.

CITYLIFE HOLDINGS 5 LIMITED
Citylife Holdings 5 Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 26 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 3 -
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.

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.

CITYLIFE HOLDINGS 5 LIMITED
Citylife Holdings 5 Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 26 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.6
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.

1.7
Taxation

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

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.

2
Employees

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

2025
2024
Number
Number
Total
3
4
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
-
0
24,000

Included within other debtors are connected company loan balances, with common directorships, of £nil (2024: £24,000) which are unsecured, interest free and repayable on demand.

CITYLIFE HOLDINGS 5 LIMITED
Citylife Holdings 5 Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 26 SEPTEMBER 2025
- 5 -
4
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
3,506
5,556
Trade creditors
21,478
120,349
Taxation and social security
30,755
15,335
Other creditors
65,317
708,905
121,056
850,145

Included within bank loans are outstanding loans totalling £3,506 (2024: £5,556) which are repayable over 5 years, interest is charged at 2.5% and are secured by the UK Government under the Bounce Back Loan Scheme.

Included within other creditors are connected company loan balances, with common directorships, of £62,117 (2024: £705,655), which are unsecured, interest free and repayable on demand.

5
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
23,217
25,204

Amounts included within Bank loans and overdrafts are as detailed in note 4.

CITYLIFE HOLDINGS 5 LIMITED
Citylife Holdings 5 Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 26 SEPTEMBER 2025
- 6 -
6
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Other creditors
62,117
705,655

Included within other creditors is an amount of £nil (2024 - £13,050) owed to BKJ Capital Limited, a company in which K Johnson is a director.

Included within other creditors is an amount of £62,117 (2024 - £31,615) owed to CityLife Holdings 4 Limited, a company in which G Morgan and K Johnson are directors.

Included within other creditors is an amount of £nil (2024 - £512,200) owed to CityLife Holdings Limited, a company in which G Morgan and K Johnson are directors.

Included within other creditors is an amount of £nil (2024 - £30,900) owed to CityLife Limited, a company in which G Morgan and K Johnson are directors.

Included within other creditors is an amount of £nil (2024 - £81,490) owed to CityLife Holdings 6 Limited, a company in which G Morgan and K Johnson are directors.

Included within other creditors is an amount of £nil (2024 - £36,400) owed to One Springwell Gardens Limited, a company in which G Morgan and K Johnson are directors.

2025
2024
Amounts due from related parties
£
£
Other debtors
-
24,000

Included within other debtors is an amount of £nil (2024 - £24,000) owed from Invest In CityLife Limited, a company in which G Morgan and K Johnson are directors.

7
Parent company

The immediate and ultimate parent company is BKJ Capital Limited. The company and its parent company comprise a small group and as such are exempt from preparing group accounts.

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