Citygate Developments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04081461

Citygate Developments Limited

Unaudited financial statements

30 November 2025

Citygate Developments Limited

Statement of financial position

30 November 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5	33,937	41,899
Investments	6	3	3
		-------	-------
		33,940	41,902

Current assets

Debtors	7	7,138,432	7,071,885
Cash at bank and in hand		577,268	442,520
		-----------	-----------
		7,715,700	7,514,405

Creditors: Amounts falling due within one year	8	( 279,342)		( 275,952)
		-----------		-----------
Net current assets			7,436,358		7,238,453
			-----------		-----------
Total assets less current liabilities			7,470,298		7,280,355
			-----------		-----------

Capital and reserves

Called up share capital	9	250	222
Profit and loss account		7,470,048	7,280,133
		-----------	-----------
Shareholders funds		7,470,298	7,280,355
		-----------	-----------

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 November 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 18 August 2026 , and are signed on behalf of the board by:

I Reid	A Jones
Director	Director

Company registration number: 04081461

Citygate Developments Limited

Notes to the financial statements

Year ended 30 November 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 16 Queen Street, Norwich, Norfolk, NR2 4SG.

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. The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. (a) Significant judgements The directors are of the opinion that the judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies have not had a significant effect on the amounts recognised in the financial statements. (b) Critical accounting estimates and assumptions The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The directors are of the opinion that the estimates and assumptions that management has made in the process of applying the entity's accounting policies have not had a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover represents property portfolio management and commercial rental income, net of value added tax.

Tangible assets

All tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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 and equipment	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

4. Employee numbers

The average number of employees during the year was 7 (2024: 7 ).

5. Tangible assets

	Plant and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 December 2024 and 30 November 2025	6,751	52,210	58,961
	------	-------	-------
Depreciation
At 1 December 2024	5,063	11,999	17,062
Charge for the year	422	7,540	7,962
	------	-------	-------
At 30 November 2025	5,485	19,539	25,024
	------	-------	-------
Carrying amount
At 30 November 2025	1,266	32,671	33,937
	------	-------	-------
At 30 November 2024	1,688	40,211	41,899
	------	-------	-------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 December 2024 and 30 November 2025	3
	----
Impairment
At 1 December 2024 and 30 November 2025	–
	----

Carrying amount
At 30 November 2025	3
	----
At 30 November 2024	3
	----

7. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings	7,133,004	7,068,000
Prepayments and accrued income	4,811	3,306
Other debtors	617	579
	-----------	-----------
	7,138,432	7,071,885
	-----------	-----------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Amounts owed by group undertakings	7,133,004	7,000,000
	-----------	-----------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,032	928
Social security and other taxes	6,952	7,800
Other creditors	271,358	267,224
	---------	---------
	279,342	275,952
	---------	---------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 0.10 each	2,500	250	2,220	222
	------	----	------	----

10. Contingencies

The company is party to a cross guarantee on the borrowings of Citygate Developments 2005 Limited. The balance outstanding on the borrowings of Citygate Developments 2005 Limited at the year end was £ 11,000,000 (2024: £ 16,920,000 ).

11. Ultimate controlling party

There is no ultimate individual controlling party.