City Living (Leicester) Limited


Director	S V Wells


Registered Address	15a Church Lane
	Leicester
	LE2 3WG


Registered Number	03121359 (England and Wales)

Balance Sheet as at
30 November 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		1,885,000		1,885,000
			1,885,000		1,885,000
Current assets
Debtors	4	1,509		807
Cash at bank and on hand		17,660		23,907
		19,169		24,714
Creditors amounts falling due within one year	5	(33,937)		(33,442)
Net current assets (liabilities)			(14,768)		(8,728)
Total assets less current liabilities			1,870,232		1,876,272
Creditors amounts falling due after one year	6		(486,163)		(522,634)
Provisions for liabilities	7		(101,331)		(101,331)
Net assets			1,282,738		1,252,307
Capital and reserves
Called up share capital			100		100
Other reserves			797,856		797,856
Profit and loss account			484,782		454,351
Shareholders' funds			1,282,738		1,252,307

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 27 August 2026, and are signed on its behalf by:

S V Wells
Director
Registered Company No. 03121359

City Living (Leicester) Limited

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Deferred tax
	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.

Deferred tax

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.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Investment property
	The fair value of the investment properties have been arrived on the basis of a valuation carried out a year end by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.


		£
	Fair value at 01 December 24	1,885,000
	At 30 November 25	1,885,000

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Prepayments and accrued income	1,509	807
Total	1,509	807

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	25,000	25,000
Taxation and social security	7,487	7,271
Other creditors	64	71
Accrued liabilities and deferred income	1,386	1,100
Total	33,937	33,442

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	105,813	119,584
Other creditors	380,350	403,050
Total	486,163	522,634

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	101,331	101,331
Total	101,331	101,331