Ci-Tdc Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10160483 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

CI-TDC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R G Chand

SECRETARY:

S Gaddu

REGISTERED OFFICE:

11 Broadwells Crescent

Coventry

West Midlands

CV4 8JD

REGISTERED NUMBER:

10160483 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Tax Advisers

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

FIXED ASSETS

Investments

4

2,585,000

2,585,000

CURRENT ASSETS

Debtors

5

2,627

1,862

Cash at bank

142

202

2,769

2,064

CREDITORS

Amounts falling due within one year

6

2,105,308

627,492

NET CURRENT LIABILITIES

(2,102,539

)

(625,428

)

TOTAL ASSETS LESS CURRENT LIABILITIES

482,461

1,959,572

CREDITORS

Amounts falling due after more than one year

7

343,433

1,878,594

NET ASSETS

139,028

80,978

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

10

139,980

139,980

Retained earnings

10

(1,052

)

(59,102

)

SHAREHOLDERS' FUNDS

139,028

80,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2021 and were signed by:

R G Chand - Director

1.	STATUTORY INFORMATION

Ci-Tdc 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.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2020

and 31 December 2020

2,585,000

NET BOOK VALUE

At 31 December 2020

2,585,000

At 31 December 2019

2,585,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

2,627

1,862

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other loans (see note 8)

34,673

245,136

Amounts owed to group undertakings

1,985,853

297,445

Directors' current accounts

70,406

69,347

Accrued expenses

14,376

15,564

2,105,308

627,492

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other loans (see note 8)

343,433

1,878,594

8.

LOANS

An analysis of the maturity of loans is given below:

2020

2019

£

£

Amounts falling due within one year or on demand:

Other loans

34,673

245,136

Amounts falling due between two and five years:

Other loans

343,433

1,878,594

9.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Other loans

378,106

2,123,730

HSBC UK Bank PLC holds fixed & floating charge dated 15 October 2020 which covers all the property of the company.

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2020

(59,102

)

139,980

80,878

Profit for the year

58,050

58,050

At 31 December 2020

(1,052

)

139,980

138,928

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R G Chand.