City Realtor Limited - Limited company accounts 16.3

REGISTERED NUMBER: 08535493 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 May 2016

for

City Realtor Limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

Reconciliation of Equity

7

Reconciliation of Profit

9

DIRECTOR:

M A Hassan

SECRETARY:

REGISTERED OFFICE:

52 Cannon Street Road

London

E1 0BH

REGISTERED NUMBER:

08535493 (England and Wales)

ACCOUNTANTS:

Accounting for you

4 Morrab Gardens

Ilford

Essex

IG3 9HL

The director presents his report with the financial statements of the company for the year ended 31 May 2016.

DIRECTOR

M A Hassan held office during the whole of the period from 1 June 2015 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

M A Hassan - Director

30 March 2017

TURNOVER

1,362,546

984,054

Cost of sales

1,220,296

905,730

GROSS PROFIT

142,250

78,324

Administrative expenses

151,068

69,434

OPERATING (LOSS)/PROFIT

4

(8,818

)

8,890

Interest receivable and similar income

28

-

(LOSS)/PROFIT BEFORE TAXATION

(8,790

)

8,890

Tax on (loss)/profit

-

231

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(8,790

)

8,659

FIXED ASSETS

Tangible assets

5

15,134

19,180

CURRENT ASSETS

Cash at bank and in hand

108,499

63,949

CREDITORS

Amounts falling due within one year

6

123,221

73,927

NET CURRENT LIABILITIES

(14,722

)

(9,978

)

TOTAL ASSETS LESS CURRENT LIABILITIES

412

9,202

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

312

9,102

SHAREHOLDERS' FUNDS

412

9,202

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 March 2017 and were signed by:

M A Hassan - Director

1.	STATUTORY INFORMATION

City Realtor 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Deferred tax

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

sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	OPERATING (LOSS)/PROFIT

The operating loss (2015 - operating profit) is stated after charging:

31.5.16

31.5.15

£

£

Depreciation - owned assets

4,952

4,800

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2015

28,729

Additions

906

At 31 May 2016

29,635

DEPRECIATION

At 1 June 2015

9,549

Charge for year

4,952

At 31 May 2016

14,501

NET BOOK VALUE

At 31 May 2016

15,134

At 31 May 2015

19,180

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.16

31.5.15

£

£

Trade creditors

7,231

7,001

Taxation and social security

4,341

1,476

Other creditors

111,649

65,450

123,221

73,927

FIXED ASSETS

Tangible assets

15,020

-

15,020

CURRENT ASSETS

Cash at bank and in hand

12,248

-

12,248

CREDITORS

Amounts falling due within one year

(15,725

)

-

(15,725

)

NET CURRENT LIABILITIES

(3,477

)

-

(3,477

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,543

-

11,543

NET ASSETS

11,543

-

11,543

CAPITAL AND RESERVES

Called up share capital

100

-

100

Retained earnings

11,443

-

11,443

SHAREHOLDERS' FUNDS

11,543

-

11,543

FIXED ASSETS

Tangible assets

19,180

-

19,180

CURRENT ASSETS

Cash at bank and in hand

63,949

-

63,949

CREDITORS

Amounts falling due within one year

(73,927

)

-

(73,927

)

NET CURRENT LIABILITIES

(9,978

)

-

(9,978

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,202

-

9,202

NET ASSETS

9,202

-

9,202

CAPITAL AND RESERVES

Called up share capital

100

-

100

Retained earnings

9,102

-

9,102

SHAREHOLDERS' FUNDS

9,202

-

9,202

TURNOVER

984,054

-

984,054

Cost of sales

(905,730

)

-

(905,730

)

GROSS PROFIT

78,324

-

78,324

Administrative expenses

(69,434

)

-

(69,434

)

OPERATING PROFIT

8,890

-

8,890

and

PROFIT BEFORE TAXATION

8,890

-

8,890

Tax on profit

(231

)

-

(231

)

PROFIT FOR THE FINANCIAL YEAR

8,659

-

8,659