Accounts filed on 31-03-2021


ACCOUNTS
FOR THEYEARENDED31/03/2021



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		2

Notes To The Accounts		3


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/03/2021

			2021		2020
	Notes		£		£

FIXED ASSETS
Tangible assets	2		5,923,976		5,923,976
Investment Assets	3		2,849		2,849

			5,926,825		5,926,825

CURRENT ASSETS
Debtors		6,461,045		6,257,293
Cash at bank and in hand		510,494		10,254
		6,971,539		6,267,547
CREDITORS: Amounts falling due within one year		426,592		295,109
NET CURRENT ASSETS			6,544,947		5,972,438
TOTAL ASSETS LESS CURRENT LIABILITIES			12,471,772		11,899,263


CREDITORS: Amounts falling due after more than one year	4		456,000		529,000


PROVISIONS FOR LIABILITIES AND CHARGES			28,500		28,500

NET ASSETS			11,987,272		11,341,763

CAPITAL AND RESERVES

Called up share capital	6		2		2
Profit and loss account			11,987,270		11,341,761
SHAREHOLDERS' FUNDS			11,987,272		11,341,763

For the year ending 31/03/2021 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 17/08/2021 and signed on their behalf by



.............................
Leslie Zucker
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.




1c. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.




3. FINANCIAL ASSETS

	Shares in group companies	Other
	and participating interests	Investments	Total
	£	£	£
Cost
At 01/04/2020	100	2,749	2,849
At 31/03/2021	100	2,749	2,849
Amortisation
Net Book Amounts
At 31/03/2021	100	2,749	2,849
At 31/03/2020	100	2,749	2,849




4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2021	2020
	£	£
Loans >1yr	456,000	529,000
	456,000	529,000




6. SHARE CAPITAL	2021	2020
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2

7. RELATED PARTY TRANSACTIONS

Other debtors and other creditors are amounts owed by or from companies in which the directors and shareholders have an interest in the share capital.




8. INVESTMENT IN SUBSIDIARY
The cost of investments at the year end represents 100% of the issue and called up share capital of City Estates (London) Limited, incorporated in England. City Estates (London) Limited whose principal activity is property management, and it will continue on this basis in the foreseeable future.
At 31 March 2020 the aggregate of the share capital and reserves of City Estates (London) Limited amounted to £9,098 (2019:£8,676) and the profit for the year to that date was ,£520,422 (2019 £562,302).