City Dynamics Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04361762 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

CITY DYNAMICS LTD

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

H H Sanghrajka

P G Thompson

A Sanghrajka

SECRETARY:

H H Sanghrajka

REGISTERED OFFICE:

30 City Road

London

EC1Y 2AY

REGISTERED NUMBER:

04361762 (England and Wales)

ACCOUNTANT:

Mani Chacko & Co. Ltd.

Chartered Certified Accountant

3 Ballards Rise

South Croydon

Surrey

CR2 7JT

FIXED ASSETS

Tangible assets

4

68,886

85,023

CURRENT ASSETS

Debtors

826,420

500,848

Investments

463,363

415,476

Prepayments and accrued income

7,689

120

Cash at bank

477,723

608,488

1,775,195

1,524,932

CREDITORS

Amounts falling due within one year

387,124

362,994

NET CURRENT ASSETS

1,388,071

1,161,938

TOTAL ASSETS LESS CURRENT LIABILITIES

1,456,957

1,246,961

PROVISIONS FOR LIABILITIES

6

13,673

13,832

NET ASSETS

1,443,284

1,233,129

CAPITAL AND RESERVES

Called up share capital

7

200

200

Capital redemption reserve

300

300

Retained earnings

1,442,784

1,232,629

SHAREHOLDERS' FUNDS

1,443,284

1,233,129

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

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

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 22 September 2017 and were signed on its behalf by:

H H Sanghrajka - Director

P G Thompson - Director

1.	STATUTORY INFORMATION

City Dynamics Ltd 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 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.

These financial statements are the first financial statements of the Company prepared in accordance with

Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of

Ireland' (FRS 102). The financial statements of Company for the year ended 31 December 2015 were

prepared in accordance with previous generally accepted accounting principles (UK GAAP).

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other

factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates

and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions

that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities

within the next financial year are discussed below.

In categorising leases as finance leases or operating leases, management makes judgements as to whether

significant risks and rewards of ownership have transferred to the company as lessee.

Changes in accounting policies

Some of the FRS 102 recognition, measurement, presentation and disclosure requirements and accounting

policy choices differ from previous UK GAAP. Consequently, the directors have amended certain

accounting policies to comply with FRS 102.

The reported financial position and financial performance for the previous period has been affected by the

transition to FRS 102 due to the change in accounting policies and provision for recognising for unrealised

gains on current investments. Adjustment is made in the corporation tax charge; however treated as deferred

taxation being the timing difference.

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

-

33% on cost and 25% on cost

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the

instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when

there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a

net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially

measured at transaction price including transaction costs and are subsequently carried at amortised cost

using the effective interest method unless the arrangement constitutes a financing transaction, where the

financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Other financial assets

Other financial assets, including trade investments, are initially measured at fair value, which is normally

the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are

recognised in profit or loss, except that investments in equity instruments that are not publicly traded and

whose fair values cannot be measured reliably, are measured at cost less impairment.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the

assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group

companies and preference shares that are classified as debts, are initially recognised at transaction price

unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the

present value of the future payments discounted at a market rate of interest. Debt instruments are

subsequently carried at amortised cost, using the effective interest rate method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Dividends payable on equity instruments are recognised as liabilities once they are no longer at the

discretion of the company.

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate

of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of

the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

For defined contribution schemes the amount charged to profit or loss is the contributions payable in the

year. Differences between contributions payable in the year and contributions actually paid are shown as

either accruals or prepayments.

The costs of short term employee benefits are recognised as a liability and an expense, unless those costs

are required to be recognised as part of the cost of stock or fixed assets.

Termination benefits are recognised immediately as an expense when the company is demonstrably

committed to terminate the employment of an employee or to provide termination benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

105,882

Additions

8,934

At 31 December 2016

114,816

DEPRECIATION

At 1 January 2016

20,859

Charge for year

25,071

At 31 December 2016

45,930

NET BOOK VALUE

At 31 December 2016

68,886

At 31 December 2015

85,023

5.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.16

31.12.15

£

£

Between one and five years

462,611

561,440

6.	PROVISIONS FOR LIABILITIES

31.12.16

31.12.15

£

£

Deferred tax

13,673

13,832

Deferred

tax

£

Balance at 1 January 2016

13,832

Accelerated capital allowances

(3,204

)

Short term timing difference

3,045

Balance at 31 December 2016

13,673

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

£

200

Ordinary

£1

200

200