Registered number
08874465
Citrus Conveyancing Limited
Filleted Accounts
31 March 2026

Citrus Conveyancing Limited
Registered number: | 08874465
Balance Sheet
as at 31 March 2026
| Notes |  |  | 2026 |  |  | 2025
|  |  |  | £ |  |  | £
Fixed assets
Tangible assets | 3 |  |  | 653 |  |  | 696
|  |  |  | 653 |  |  | 696
Current assets
Debtors | 4 |  | 5,879 |  |  | 11,018
Cash at bank and in hand |  |  | 19,008 |  |  | 27,888
|  |  | 24,887 |  |  | 38,906
Creditors: amounts falling due within one year | 5 |  | (14,314) |  |  | (16,534)
Net current assets |  |  |  | 10,573 |  |  | 22,372
Total assets less current liabilities |  |  |  | 11,226 |  |  | 23,068
Net assets |  |  |  | 11,226 |  |  | 23,068
Capital and reserves
Called up share capital |  |  |  | 2 |  |  | 2
Profit and loss account |  |  |  | 11,224 |  |  | 23,066
Shareholders' funds |  |  |  | 11,226 |  |  | 23,068
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Braithwaite
Director
Approved by the board on 9 July 2026

Citrus Conveyancing Limited
Notes to the Accounts
for the year ended 31 March 2026
1 | Accounting policies
| Basis of preparation
| These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 section 1A small entities. The date of the transition is 1 April 2015.
| The transition to FRS102 Section 1A small entities has not resulted in any changes to accounting policies to those used previously.
| The accounts have been prepared under the historical cost convention and in accordance with FRS102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| The presentation currency is £.
| The accounts have been prepared on a going concern basis. The director's consider this basis appropriate as Citrus Financial Management, a company in which the director, David Braithwaite, has a material interest, will not seek repayment of its loan, which totalled £21,395 at 31 March 2019, wholst to do so would jeopardise the comany's ability to continue trading.
| Revenue Recognition
| Turnover represents the invoiced value of services provided by the company net of payments to HM Revenue and Customs under the VAT Flat Rate Scheme.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Office equipment | 25% per annum on a reducing balance basis
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Employees | 2026 |  | 2025
|  |  |  |  |  | Number |  | Number
| Average number of persons employed by the company | 3 |  | 3
3 | Tangible fixed assets
| Plant and machinery |  |  |  |  | 2026
£
| Cost
| At 1 April 2025 | 5,244
| Additions | 175
| At 31 March 2026 | 5,419
| Depreciation
| At 1 April 2025 | 4,548
| Charge for the year | 218
| At 31 March 2026 | 4,766
| Net book value
| At 31 March 2026 | 653
| At 31 March 2025 | 696
4 | Debtors | 2026 |  | 2025
|  |  |  |  |  | £ |  | £
| Trade debtors | 2,288 |  | 7,323
| Deferred tax asset |  |  |  |  | 91 |  | 132
| Other debtors | 3,500 |  | 3,563
|  |  |  |  |  | 5,879 |  | 11,018
5 | Creditors: amounts falling due within one year | 2026 |  | 2025
|  |  |  |  |  | £ |  | £
| Corporation tax | - |  | 264
| Other taxes and social security costs | 5,818 |  | 7,783
| Other creditors | 8,496 |  | 8,487
|  |  |  |  |  | 14,314 |  | 16,534
6 | Transactions involving the directors
| At 31 March 2026 the company owed £5,000 (£5,000 - 31.3.25) to Citrus Financial Management Ltd, a company in which the director, David Braithwaite, has a material interest. This loan was unsecured and interest free. During the year the company was charged £2,000 (£2,000 - 31.3.25) by Citrus Financial Management Ltd for administratve services.
7 | Controlling party
| No individual party has ultimate control of the company.
8 | Other information
| Citrus Conveyancing Limited is a private company limited by shares and incorporated in England. Its registered office is:
| The Old Bank
| High Street
| Polegate
| East Sussex BN26 6AH

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