First City (Holdings) Limited - Accounts to registrar (filleted) - small 23.2.5
First City (Holdings) Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 April 2023 |
| for |
| First City (Holdings) Limited |
| First City (Holdings) Limited (Registered number: 00589616) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| First City (Holdings) Limited |
| Company Information |
| for the Year Ended 30 April 2023 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Keepers Lane |
| The Wergs |
| Wolverhampton |
| West Midlands |
| WV6 8UA |
| First City (Holdings) Limited (Registered number: 00589616) |
| Balance Sheet |
| 30 April 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| 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. |
| First City (Holdings) Limited (Registered number: 00589616) |
| Balance Sheet - continued |
| 30 April 2023 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| First City (Holdings) Limited (Registered number: 00589616) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2023 |
| 1. | STATUTORY INFORMATION |
| First City (Holdings) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about First City (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Significant judgements and estimates |
| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
| Changes in accounting policies |
| During the year the directors reclassified various properties owned by the company from freehold to investment property. This change was reflected in the current and prior year balance sheet, there was no effect on the profit and loss or retained earnings of the company in either year and as a result the prior year balance sheet is not shown as restated. Directors believe this classification more accurately reflects the operations of the company. |
| Turnover |
| The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts. |
| Turnover from the provision of goods and services are recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Buildings | 1% on cost |
| Plant and machinery etc | 25% on reducing balance |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| First City (Holdings) Limited (Registered number: 00589616) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2022 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 May 2022 |
| Additions |
| At 30 April 2023 |
| DEPRECIATION |
| At 1 May 2022 |
| Charge for year |
| At 30 April 2023 |
| NET BOOK VALUE |
| At 30 April 2023 |
| At 30 April 2022 |
| Cost or valuation at 30 April 2023 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 2021 | 170,332 | - | 170,332 |
| Cost | 329,669 | 373,687 | 703,356 |
| 500,001 | 373,687 | 873,688 |
| First City (Holdings) Limited (Registered number: 00589616) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2023 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| If freehold land and buildings had not been revalued they would have been included at the following historical cost: |
| 2023 | 2022 |
| £ | £ |
| Cost | 329,669 | 329,668 |
| Aggregate depreciation | 5,000 | - |
| Freehold land and buildings were valued on an open market basis on 30 April 2021 by the directors . |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group | Listed |
| undertakings | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 May 2022 | 7,215 |
| Disposals | ( |
) | (6,210 | ) |
| At 30 April 2023 | 1,005 |
| NET BOOK VALUE |
| At 30 April 2023 | 1,005 |
| At 30 April 2022 | 7,215 |
| Cost or valuation at 30 April 2023 is represented by: |
| Shares in |
| group |
| undertakin |
| £ |
| Cost | 1,005 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 May 2022 |
| Additions |
| At 30 April 2023 |
| NET BOOK VALUE |
| At 30 April 2023 |
| At 30 April 2022 |
| First City (Holdings) Limited (Registered number: 00589616) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2023 |
| 6. | INVESTMENT PROPERTY - continued |
| Fair value at 30 April 2023 is represented by: |
| £ |
| Valuation in 2021 | 92,888 |
| Cost | 797,494 |
| 890,382 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Other creditors |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Ordinary shares | £1 | 69,723 | 69,723 |