City Offices Real Estate London Limited - Accounts to registrar (filleted) - small 18.2
City Offices Real Estate London Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2021 |
| for |
| City Offices Real Estate London Limited |
| City Offices Real Estate London Limited (Registered number: 11099314) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2021 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 |
| City Offices Real Estate London Limited (Registered number: 11099314) |
| Balance Sheet |
| 31 March 2021 |
| 2021 | 2020 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Capital redemption reserve | 7 |
| Retained earnings | 7 |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| City Offices Real Estate London Limited (Registered number: 11099314) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2021 |
| 1. | STATUTORY INFORMATION |
| City Offices Real Estate London Limited is a |
| Registered number: |
| Registered office: |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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. |
| Going concern |
| The directors are closely monitoring the impact of COVID-19 on the activities of the company and after making appropriate enquiries, they have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, having taken into account the impact of the pandemic on the business. |
| Based on the directors' assessment, the company continues to adopt the going concern basis in preparing the financial statements. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| City Offices Real Estate London Limited (Registered number: 11099314) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2021 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary A | £1 | 810 | 1,000 |
| Ordinary C | £1 | 5 | 6 |
| 815 | 1,006 |
| On 15 May 2020, 190 Ordinary A shares with an aggregate nominal value of £190 and 1 Ordinary C share with an aggregate nominal value of £1 were purchased by the company and subsequently cancelled. The ordinary shares were acquired for a consideration of £1. |
| 7. | RESERVES |
| Capital |
| Retained | redemption |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 April 2020 | 420,820 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Purchase of own shares | (1 | ) | 191 | 190 |
| At 31 March 2021 | 919,888 |
| 8. | RELATED PARTY DISCLOSURES |
| Included in Creditors is a balance of £790,294 (2020: £783,455) due to City Offices Real Estate Limited, a company under common control. |
| During the year City Offices Real Estate Limited charged fees for support and administrative services at arms length of £2,962,307 (2020: £2,093,258). |
| During the year the company paid Dividends of £458,533 (2020: £325,000) to the Shareholders. |
| 9. | ULTIMATE CONTROLLING PARTY |
| There is no ultimate controlling party. |