Citadel Business Limited - Accounts

CITADEL BUSINESS LIMITED - Company Information

Registered number

06854599

Citadel Business Limited

Report and Accounts

31 March 2016

Citadel Business Limited
Registered number:		06854599
Directors' Report

The directors present their report and accounts for the year ended 31 March 2016.

Principal activities
The company's principal activity during the year continued to be that of a commission agent outside the UK.

Directors
The following persons served as directors during the year:

	Ben Bateson (Appointed 22/03/2016)
	Versos Directors Limited (Appointed 20/04/2015)
	Richard Hazzard (Appointed 20/04/2015 - Resigned 22/03/2016)
	Michael Sweeny (Resigned 20/04/2015)

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 30 January 2017 and signed on its behalf.





Ben Bateson
Director

Citadel Business Limited
Profit and Loss Account
for the year ended 31 March 2016


Notes		2016		2015
US$			US$

Turnover		7,197		16,715

Administrative expenses		(7,629)		(1,261)

Operating (loss)/profit		(432)		15,454


(Loss)/profit on ordinary activities before taxation		(432)		15,454

Tax on (loss)/profit on ordinary activities	2	-		(3,091)

(Loss)/profit for the financial year		(432)		12,363

Citadel Business Limited
Balance Sheet
as at 31 March 2016

Notes			2016			2015
US$				US$
Current assets
Debtors	3	43,759			43,631
		625			-
		44,384			43,631

Creditors: amounts falling due within one year	4	(5,536)			(4,351)

Net current assets			38,848			39,280

Net assets			38,848			39,280

Capital and reserves
Called up share capital	5		1			1
Profit and loss account	6		38,847			39,279

Shareholder's funds			38,848			39,280

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.




Ben Bateson
Director
Approved by the board on 30 January 2017

Citadel Business Limited
Notes to the Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and UK GAAP; the Financial Reporting Standard for Smaller Entities (FRSSE 2015).

	The company has elected not to produce a cash flow statement on the grounds that it is not required under the FRSSE 2015.

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Taxation					2016		2015
US$							US$

	UK corporation tax					-		3,091


3	Debtors					2016		2015
US$							US$

	Other debtors					43,759		43,631


4	Creditors: amounts falling due within one year					2016		2015
US$							US$

	Corporation tax					3,091		3,091
	Other creditors					2,445		1,260
						5,536		4,351


5	Share capital	Nominal		2016		2016		2015
value			Number		US$		US$
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1


6	Profit and loss account					2016
US$

	At 1 April 2015					39,279
	Loss for the year					(432)

	At 31 March 2016					38,847


7	Ultimate controlling party

	The directors are aware of the ultimate controlling party. However, they are under a duty of confidentiality that prevents them from disclosing certain information otherwise required by Financial Reporting Standard 8. Therefore they have taken the exemption offered by the standard in respect of confidentiality.