Citylinked Limited - Abbreviated accounts 16.1

Citylinked Limited - Abbreviated accounts 16.1

CITYLINKED LIMITED - Company Information

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REGISTERED NUMBER: 03103346 (England and Wales)















CITYLINKED LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016






CITYLINKED LIMITED (REGISTERED NUMBER: 03103346)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

CITYLINKED LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: R Kohn
B D Stroh





SECRETARY: B D Stroh





REGISTERED OFFICE: 357 City Road
London
EC1V 1LR





REGISTERED NUMBER: 03103346 (England and Wales)





ACCOUNTANTS: STERN ASSOCIATES
Chartered Accountants
2 Helenslea Avenue
London
NW11 8ND
Page 1
CITYLINKED LIMITED (REGISTERED NUMBER: 03103346)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,744 2,325
Investment property 3 725,000 725,000
726,744 727,325

CURRENT ASSETS
Debtors 14,701 10,142
Cash at bank 40,409 14,431
55,110 24,573
CREDITORS
Amounts falling due within one year 4 210,385 208,073
NET CURRENT LIABILITIES (155,275 ) (183,500 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
571,469
543,825

CREDITORS
Amounts falling due after more than one
year
4
77,680
89,499
NET ASSETS 493,789 454,326

CAPITAL AND RESERVES
Called up share capital 5 100 100
Revaluation reserve 175,085 175,085
Profit and loss account 318,604 279,141
SHAREHOLDERS' FUNDS 493,789 454,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these abbreviated accounts

Page 2
CITYLINKED LIMITED (REGISTERED NUMBER: 03103346)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 2 November 2016 and were signed on its
behalf by:




R Kohn - Director



B D Stroh - Director


The notes form part of these abbreviated accounts

Page 3
CITYLINKED LIMITED (REGISTERED NUMBER: 03103346)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities
(effective January 2015).

Turnover
Turnover represents rent receivable for the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in market value is transferred to a revaluation reserve.

Investment property is shown at most recent market valuation. Any aggregate surplus or deficit arising
from changes in market value is transferred to a revaluation reserve.

In accordance with the Financial Reporting Standard for Smaller Entities, the company does not provide
depreciation on investment properties. This represents a departure from the general requirement of the
Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, the adoption
of this policy is necessary for the financial statements to give a true and fair view.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 9,371
DEPRECIATION
At 1 April 2015 7,046
Charge for year 581
At 31 March 2016 7,627
NET BOOK VALUE
At 31 March 2016 1,744
At 31 March 2015 2,325

Page 4
CITYLINKED LIMITED (REGISTERED NUMBER: 03103346)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016


3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2015
and 31 March 2016 725,000
NET BOOK VALUE
At 31 March 2016 725,000
At 31 March 2015 725,000

4. CREDITORS

Creditors include an amount of £ 88,680 (31.3.15 - £ 100,499 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
100 Ordinary 1 100 100

Page 5