Abbreviated Company Accounts - CITY TRUST LIMITED

CITY TRUST LIMITED - Company Information

01133562 CITY TRUST LIMITED 2014-09-30 false 2013-10-01 2014-09-30 true 01133562 2013-10-01 2014-09-30 01133562 2014-09-30 01133562 2013-09-30 01133562 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 01133562 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 01133562

CITY TRUST LIMITED

Abbreviated Accounts

30 September 2014

CITY TRUST LIMITED Registered Number 01133562

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	950	1,425
Investments	3	101	101
		1,051	1,526
Current assets
Debtors		7,503,851	2,636,551
Cash at bank and in hand		12,969,382	16,669,427
		20,473,233	19,305,978
Creditors: amounts falling due within one year		(18,916,332)	(17,102,452)
Net current assets (liabilities)		1,556,901	2,203,526
Total assets less current liabilities		1,557,952	2,205,052
Total net assets (liabilities)		1,557,952	2,205,052
Capital and reserves
Called up share capital	4	1,942,133	1,942,133
Share premium account		151,981	151,981
Profit and loss account		(536,162)	110,938
Shareholders' funds		1,557,952	2,205,052

For the year ending 30 September 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 June 2015

And signed on their behalf by:
D Mosselson, Director

CITY TRUST LIMITED Registered Number 01133562

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents interest receivable on loan and advances.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment - 10% straight line

Other accounting policies
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by 399 of the Companies Act 2006 not to prepare group accounts.

Known bad debts are written off. Specific provision is made for any estimated shortfall in recovery of advances having regard to the value of the security held. In evaluating the provisions required, no regard has been taken of the future cost of financing doubtful advances.

2Tangible fixed assets

	£
Cost
At 1 October 2013	29,192
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	29,192
Depreciation
At 1 October 2013	27,767
Charge for the year	475
On disposals	-
At 30 September 2014	28,242
Net book values
At 30 September 2014	950
At 30 September 2013	1,425

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminution in value

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,942,133 Ordinary shares of £1 each	1,942,133	1,942,133