Registration number: 10553977

Citygrad Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Citygrad Limited

Company Information

Directors

Christabel Sylvester Bradley Richard Mark Bowden

Registered office

31 Branksome Dene Road Bournemouth BH4 8JW

Accountants

King Street Accounts 1ST Floor Victory House The Sidings Whalley BB7 9SE

Citygrad Limited

(Registration number: 10553977)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	13,022	17,421
Investment property	5	-	347,984
		13,022	365,405
Current assets
Debtors	6	550,222	161,867
Cash at bank and in hand		28,546	87,180
		578,768	249,047
Creditors: Amounts falling due within one year	7	(84,753)	(102,606)
Net current assets		494,015	146,441
Total assets less current liabilities		507,037	511,846
Provisions for liabilities		(5,000)	(5,000)
Net assets		502,037	506,846
Capital and reserves
Called up share capital	8	1	1
Retained earnings		502,036	506,845
Shareholders' funds		502,037	506,846

For the financial year ending 31 January 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 October 2026 and signed on its behalf by:
 

Citygrad Limited

(Registration number: 10553977)
Balance Sheet as at 31 January 2026

......................................... Christabel Sylvester Bradley Director

......................................... Richard Mark Bowden Director

Citygrad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
31 Branksome Dene Road
Bournemouth
BH4 8JW
England

These financial statements were authorised for issue by the Board on 6 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Citygrad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Citygrad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 February 2025	48,145	48,145
At 31 January 2026	48,145	48,145
Depreciation
At 1 February 2025	30,724	30,724
Charge for the year	4,399	4,399
At 31 January 2026	35,123	35,123
Carrying amount
At 31 January 2026	13,022	13,022
At 31 January 2025	17,421	17,421

5	Investment properties

	2026 £
At 1 February	347,984
Disposals	(347,984)
At 31 January	-

There has been no valuation of investment property by an independent valuer.

Citygrad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

6

Debtors

Current	Note	2026 £	2025 £
Trade debtors		-	32,892
Amounts owed by related parties	10	529,568	108,827
Other debtors		20,654	20,148
		550,222	161,867

Citygrad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Taxation and social security	77,044	101,096
Accruals and deferred income	2,950	1,510
Other creditors	4,759	-
	84,753	102,606

Creditors: amounts falling due after more than one year

2026 £

2025 £

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £0.01 each	100	1	100	1

Citygrad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

9

Dividends

Interim dividends paid

		2026 £		2025 £
Interim dividend of £2,000.00 (2025 - £1,120.00) per each Ordinary		200,000		112,000

10	Related party transactions

Bowden Capital Ltd

The company is a wholly owned subsidiary of Bowden Capital Ltd .
At the balance sheet date the amount owed by Bowden Capital Ltd was £146,500 (2025 £94,500 owed by Bowden Capital Ltd ).
Dividends paid to Bowden Capital in the year amounted to £200,000 (2025 £112,000 Dividends paid ) .
The amount owed by the directors at the balance sheet date amounted to £20,564 (2025 £20,148 owed by the directors ).

Broadwell Cottage Ltd

The company is an associated company of Broadwell Cottage Ltd .
At the balance sheet date the amount owed by Broadwell Cottage Ltd was £383,068 .