The City Loft Company Limited - Accounts to registrar (filleted) - small 18.2

The City Loft Company Limited - Accounts to registrar (filleted) - small 18.2

THE CITY LOFT COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 03299067 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2019

for

The City Loft Company Limited
The City Loft Company Limited (Registered number: 03299067)






Contents of the Financial Statements
for the Year Ended 30 September 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The City Loft Company Limited

Company Information
for the Year Ended 30 September 2019







DIRECTORS: E Elias
M Collins
I A Heptonstall





SECRETARY: E Elias





REGISTERED OFFICE: 5 Technology Park
Colindeep Lane
Colindale
London
NW9 6BX





REGISTERED NUMBER: 03299067 (England and Wales)





ACCOUNTANTS: Grunberg & Co Limited
Chartered Accountants
5 Technology Park
Colindeep Lane
Colindale
London
NW9 6BX
Page 1
The City Loft Company Limited (Registered number: 03299067)

Balance Sheet
30 September 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investments 4 43,800 43,800

CURRENT ASSETS
Debtors 5 28,330 30,880
Cash at bank 6,356 4,720
34,686 35,600
CREDITORS
Amounts falling due within one year 6 1,890 1,891
NET CURRENT ASSETS 32,796 33,709
TOTAL ASSETS LESS CURRENT
LIABILITIES
76,596
77,509

CAPITAL AND RESERVES
Called up share capital 96 96
Fair value reserve 7 43,800 43,800
Retained earnings 7 32,700 33,613
SHAREHOLDERS' FUNDS 76,596 77,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

Page 2 continued...
The City Loft Company Limited (Registered number: 03299067)

Balance Sheet - continued
30 September 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2020 and were
signed on its behalf by:




I A Heptonstall - Director



E Elias - Director


The notes form part of these financial statements

Page 3
The City Loft Company Limited (Registered number: 03299067)

Notes to the Financial Statements
for the Year Ended 30 September 2019

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents ground rent receivable, excluding value added tax. Ground rents are recognised on a
calendar basis.

Financial instruments
Debtors - Short term debtors are measured at transaction price, less any impairment.

Creditors - Short term creditors are measured at transaction price

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

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.

Fixed asset investments
Fixed asset investments are shown at the most recent valuation. Any aggregate surplus or deficit arising from fair
value is recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

Page 4 continued...
The City Loft Company Limited (Registered number: 03299067)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2018
and 30 September 2019 43,800
NET BOOK VALUE
At 30 September 2019 43,800
At 30 September 2018 43,800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 4,000 4,000
Amount owed by related company 23,830 23,830
Prepayments and accrued income 500 3,050
28,330 30,880

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Accrued expenses 1,890 1,891

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2018 33,613 43,800 77,413
Deficit for the year (913 ) (913 )
At 30 September 2019 32,700 43,800 76,500

The fair value reserve is a non-distributable reserve.

8. RELATED PARTY DISCLOSURES

The amount owed by related company of £23,830 (2018 - £23,830), relates to funds advanced to an entity in
which the directors have common control. These advances are interest free and repayable on demand.

Page 5