0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-08-01 Sage Accounts Production Advanced 2025 - FRS102_2025 1,320,615 3,808 1,324,423 1,324,423 1,320,615 380,060 60 380,000 380,000 380,060 xbrli:pure xbrli:shares iso4217:GBP 09368895 2024-08-01 2025-07-31 09368895 2025-07-31 09368895 2024-07-31 09368895 2023-08-01 2024-07-31 09368895 2024-07-31 09368895 2023-07-31 09368895 bus:Director1 2024-08-01 2025-07-31 09368895 core:WithinOneYear 2025-07-31 09368895 core:WithinOneYear 2024-07-31 09368895 core:AfterOneYear 2024-07-31 09368895 core:ShareCapital 2025-07-31 09368895 core:ShareCapital 2024-07-31 09368895 core:SharePremium 2025-07-31 09368895 core:SharePremium 2024-07-31 09368895 core:RetainedEarningsAccumulatedLosses 2025-07-31 09368895 core:RetainedEarningsAccumulatedLosses 2024-07-31 09368895 core:CostValuation core:Non-currentFinancialInstruments 2024-07-31 09368895 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2025-07-31 09368895 core:CostValuation core:Non-currentFinancialInstruments 2025-07-31 09368895 core:Non-currentFinancialInstruments 2025-07-31 09368895 core:Non-currentFinancialInstruments 2024-07-31 09368895 bus:SmallEntities 2024-08-01 2025-07-31 09368895 bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 09368895 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 09368895 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 09368895 bus:FullAccounts 2024-08-01 2025-07-31 09368895 core:LandBuildings 2024-07-31 09368895 core:LandBuildings 2024-08-01 2025-07-31 09368895 core:LandBuildings 2025-07-31 09368895 core:KeyManagementPersonnel 2024-08-01 2025-07-31 09368895 core:AllAssociates 2024-08-01 2025-07-31
COMPANY REGISTRATION NUMBER: 09368895

City Limits Capital Limited

Filleted Unaudited Financial Statements

31 July 2025

City Limits Capital Limited

Statement of Financial Position

31 July 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 4 |  | 1,324,423 | 1,320,615
Investments | 5 |  | 380,000 | 380,060
|  | ------------ | ------------
|  | 1,704,423 | 1,700,675

Current assets

Stocks | 508,194 |  | 4,035,378
Debtors | 6 | 530,018 |  | 807,761
Cash at bank and in hand | 26,513 |  | 360,653
| ------------ |  | ------------
| 1,064,725 |  | 5,203,792

Creditors: amounts falling due within one year | 7 | 3,143,282 |  | 4,005,340
| ------------ |  | ------------
Net current (liabilities)/assets |  | ( 2,078,557) | 1,198,452
|  | ------------ | ------------
Total assets less current liabilities |  | ( 374,134) | 2,899,127

Creditors: amounts falling due after more than one year | 8 |  | – | 2,808,209
|  | --------- | ------------
Net (liabilities)/assets |  | ( 374,134) | 90,918
|  | --------- | ------------

City Limits Capital Limited

Statement of Financial Position (continued)

31 July 2025

| 2025 | 2024
Note | £ | £ | £

Capital and reserves

Called up share capital |  | 1,000 | 1,000
Share premium account |  | 6 | 6
Profit and loss account |  | ( 375,140) | 89,912
|  | --------- | --------
Shareholders (deficit)/funds |  | ( 374,134) | 90,918
|  | --------- | --------

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 income and retained earnings has not been delivered.
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 15 July 2026 , and are signed on behalf of the board by:

Mr J Karia
Director

Company registration number: 09368895

City Limits Capital Limited

Notes to the Financial Statements

Year ended 31 July 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 50 Caledonian Road, London, N1 9DP, 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
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Tangible assets

| Investment Property | Total
| £ | £
Cost |  |
At 1 August 2024 | 1,320,615 | 1,320,615
Additions | 3,808 | 3,808
| ------------ | ------------
At 31 July 2025 | 1,324,423 | 1,324,423
| ------------ | ------------
Depreciation |  |
At 1 August 2024 and 31 July 2025 | – | –
| ------------ | ------------
Carrying amount |  |
At 31 July 2025 | 1,324,423 | 1,324,423
| ------------ | ------------
At 31 July 2024 | 1,320,615 | 1,320,615
| ------------ | ------------

Investment properties are reviewed as at each balance sheet date by the directors to ensure they are stated at fair value. The directors have considerable experience with property development and construction having managed property funds, developed and/or in the process of developing numerous properties in the greater locality of the companys investment properties.
5. Investments

| Shares in group undertakings
| £
Cost |
At 1 August 2024 | 380,060
Disposals | ( 60)
| ---------
At 31 July 2025 | 380,000
| ---------
Impairment |
At 1 August 2024 and 31 July 2025 | –
| ---------

Carrying amount |
At 31 July 2025 | 380,000
| ---------
At 31 July 2024 | 380,060
| ---------

6. Debtors

| 2025 | 2024
| £ | £
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 530,018 | 807,761
| --------- | ---------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 633,956 | 1,329,754
Trade creditors | 45 | 44
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 191,385 | 516,710
Other creditors | 2,317,896 | 2,158,832
| ------------ | ------------
| 3,143,282 | 4,005,340
| ------------ | ------------

Bank loans are secured by a fixed charge of the companys' stock and investment properties and by personal guarantees covering the loan principals, provided by the two directors and one of the majority shareholders.
8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 2,808,209
| ---- | ------------

Bank loans are secured by a fixed charge of the companys' stock and investment properties and by personal guarantees covering the loan principals, provided by the two directors and one of the majority shareholders.
9. Related party transactions
The company was under the control of the two directors, Mr J Karia and Mr I Foradaris throughout the current year. In previous years, the directors had advanced an unsecured interest free loan for £104,000 to the company to assist with its working capital requirements. The loan is repayable on demand. The full amount of the loan remained outstanding as at the balance sheet date and is incorporated within "Creditors: amounts falling due within one year" in balance sheet date. The company had been advanced unsecured interest free loans from connected group companies during the year. Amounts totalling £191,385 received from group companies remained outstanding as at the balance sheet date. The loans were repayable on demand. In addition, the company had also advanced unsecured interest free loans to companies within the group. The total amounts advanced and receivable as at the balance sheet date were £530,018. The loans were repayable on demand. Other than the latter, no other material transactions with related parties were undertaken such as are required to be disclosed under current Financial Reporting Standard.