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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
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CITYBLOCK LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
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FOR |
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CITYBLOCK LIMITED |
CITYBLOCK LIMITED (REGISTERED NUMBER: 05704241) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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CITYBLOCK LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
120-124 Towngate |
Leyland |
Lancashire |
PR25 2LQ |
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BANKERS: |
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NoE Corporate Banking Centre 1 |
Parklands De Haviland Way |
Horwich |
Bolton |
BL6 4YU |
CITYBLOCK LIMITED (REGISTERED NUMBER: 05704241) |
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BALANCE SHEET |
31 MARCH 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | 8 | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
CITYBLOCK LIMITED (REGISTERED NUMBER: 05704241) |
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BALANCE SHEET - continued |
31 MARCH 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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CITYBLOCK LIMITED (REGISTERED NUMBER: 05704241) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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1. | STATUTORY INFORMATION |
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CityBlock Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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BASIS OF PREPARING THE FINANCIAL STATEMENTS |
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PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS |
The financial statements contain information about CityBlock Limited as an individual company and do not |
contain consolidated financial information as the parent of a group. The company has taken the option under |
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
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INVESTMENTS IN SUBSIDIARIES |
Investments in subsidiary undertakings are recognised at cost. |
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FINANCIAL INSTRUMENTS |
The following assets and liabilities are classified as financial instruments - trade debtors and trade creditors. |
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Trade debtors and trade creditors (being repayable on demand), are measured at the undiscounted amount of |
the cash or consideration expected to be paid or received. |
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FIXED ASSET INVESTMENTS |
Fixed asset investments are stated at historical cost less provision for any diminution in value. |
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EMPLOYEES AND DIRECTORS |
The average monthly number of employees during the year was NIL (2016 - NIL) |
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GOING CONCERN |
The company made a loss of £16,365 for the year ended 31 March 2017 and had net liabilities of £16,205. The |
company is dependent, in the absence of other funding, on the continued financial support of its directors. The |
directors have confirmed their commitment to provide the necessary support. |
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On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. |
The financial statements do not include any adjustments that might be necessary if the directors were not to |
provide further support. |
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3. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertaking |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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CITYBLOCK LIMITED (REGISTERED NUMBER: 05704241) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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Prepayments and accrued income |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other loans |
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Trade creditors |
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Amounts owed to group undertakings |
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Social security and other taxes |
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Accruals and deferred income |
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6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Other loans - 1-2 years | 83,109 | 80,852 |
Other loans - 2-5 years | 49,550 | 132,659 |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary shares | £1 | 100 | 100 |
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8. | RESERVES |
Retained |
earnings |
£ |
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At 1 April 2016 |
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Deficit for the year | ( |
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At 31 March 2017 | ( |
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CITYBLOCK LIMITED (REGISTERED NUMBER: 05704241) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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9. | RELATED PARTY DISCLOSURES |
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2017 | 2016 |
£ | £ |
Amount due from/(to) related party at balance sheet date |
CityBlock Holdings Limited | (2,098,603 | ) | (2,021,568 | ) |
(a group company) |
CityBlock Lettings Limited | (118,48 | ) | (6,000 | ) |
(a group company) |
CityBlock Lettings (Leicester 2) Limited | 315 | - |
(a group company) |
CityBlock Lettings (Leicester) Ltd | 315 | - |
(a group company) |
CityBlock (Leicester) Ltd | 315 | - |
(a group company) |
CityBlock (Leicester 2) Ltd | 315 | - |
(a group company) |
CityBlock (Lancaster 3) Ltd | 315 | - |
(a group company) |
CityBlock Lettings (Lancaster 3) Ltd | 315 | - |
(a group company) |
CityBlock (Lancaster 4) Ltd | 315 | - |
(a group company) |
J T & A J Bargh SSAS | (213,504 | ) | (292,175 | ) |
(a pension scheme in which J T & A J Bargh are beneficiaries) |
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10. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by the directors, J T & A J Bargh. |
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11. | FIRST YEAR ADOPTION |
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The company has adopted FRS 102 for the first time in the period ended 31 March 2017. The effect of transition |
to FRS 102 is outlined below: |
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Changes in accounting policies |
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The company has revised its accounting policies in line with FRS 102. |