Company Registration No. 06297505 (England and Wales)
CITYBLOCK (LEICESTER) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2019
PAGES FOR FILING WITH REGISTRAR
CITYBLOCK (LEICESTER) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CITYBLOCK (LEICESTER) LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2019
31 August 2019
- 1 -
2019
2018
Notes
£
£
£
£
Current assets
-
-
Creditors: amounts falling due within one year
3
(730,750)
(730,750)
Net current liabilities
(730,750)
(730,750)
Capital and reserves
Called up share capital
4
400
400
Profit and loss reserves
(731,150)
(731,150)
Total equity
(730,750)
(730,750)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 6 April 2020 and are signed on its behalf by:
Mr J T Bargh
Director
Company Registration No. 06297505
CITYBLOCK (LEICESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2019
- 2 -
1
Accounting policies
Company information
CityBlock (Leicester) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 21 Castle Hill, Lancaster, LA1 1YN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
At the balance sheet date, the company had net liabilities of £730,750. The company is dependent on the continued financial support of its parent company CityBlock Holdings Limited and its funders. The parent company, and its directors, have confirmed their commitment to provide the necessary support for the foreseeable future. true
After the balance sheet date, but before the approval of the accounts, there has been an escalation of measures taken within society to combat the Covid-19 pandemic. The directors consider the company to have a sufficient level of working capital to see it through the upcoming months and therefore it remains wholly solvent at this time. The directors have confirmed that the group has the support of its funders to support its cash flow for the foreseeable future, and bookings for the September 2020 academic year remain strong.
The directors do not consider there to be a material uncertainty at this time, and there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Reporting period
The previous accounting period was a long period from 1 April 2017 to 31 August 2018 following a change in the accounting reference date to align with the academic year end. The current period represents a year to 31 August 2019 and therefore the two periods are not entirely comparable.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (excluding directors) employed by the company during the year was 0 (2018 - 0).
CITYBLOCK (LEICESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2019
- 3 -
3
Creditors: amounts falling due within one year
2019
2018
£
£
Amounts owed to group undertakings
730,750
730,750
4
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
400 Ordinary of £1 each
400
400