Company Registration No. 09349808 (England and Wales)
City Retreat Leicester
Filleted accounts
for the year ended 31 December 2020
City Retreat Leicester
Filleted accounts
Contents
City Retreat Leicester
Company Information
for the year ended 31 December 2020
Directors
Mr Timothy Johnathan Chambers
Mr Mohammed Shafi Chowdhury
Mr Mohamed Yunus Vhora
Fatimah Wobi
Company Number
09349808 (England and Wales)
Registered Office
74 Church Gate
Leicester
LE1 4AL
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
City Retreat Leicester
Statement of financial position
as at
31 December 2020
Tangible assets
570,098
564,981
Cash at bank and in hand
49,330
20,288
Creditors: amounts falling due within one year
(14,530)
(22,148)
Net current assets
38,800
2,140
Total assets less current liabilities
608,898
567,121
Provisions for liabilities
Deferred tax
(52,928)
(52,928)
Net assets
555,970
514,193
Revaluation reserve
275,000
275,000
Profit and loss account
280,970
239,193
Members' funds
555,970
514,193
For the year ending 31 December 2020 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2021 and were signed on its behalf by
Mr Mohamed Yunus Vhora
Director
Company Registration No. 09349808
City Retreat Leicester
Notes to the Accounts
for the year ended 31 December 2020
City Retreat Leicester is a private company, limited by guarantee, registered in England and Wales, registration number 09349808. The registered office and principal place of business is 74 Church Gate, Leicester, LE1 4AL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Fixtures & fittings
25% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
City Retreat Leicester
Notes to the Accounts
for the year ended 31 December 2020
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2020
564,981
16,000
580,981
At 31 December 2020
570,098
16,000
586,098
At 1 January 2020
-
16,000
16,000
At 31 December 2020
-
16,000
16,000
At 31 December 2020
570,098
-
570,098
At 31 December 2019
564,981
-
564,981
5
Debtors: amounts falling due within one year
2020
2019
Accrued income and prepayments
4,000
4,000
6
Creditors: amounts falling due within one year
2020
2019
Other creditors
14,530
22,148
7
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
8
Transactions with related parties
As at 31 December 2020, the following balances were outstanding to office holders and controlling members of City Retreat Leicester.
Mr Zahid Sheikh - £13,200 (2019 - £13,200)
Mr Mohamed Yunus Vhora - £1,330 (2019 - £1,330)
9
Average number of employees
During the year the average number of employees was 4 (2019: 4).