Company Registration No. 9107763 (England and Wales)
CITY FALCON LIMITED
Unaudited accounts
for the year ended 31 March 2019
CITY FALCON LIMITED
Unaudited accounts
Contents
CITY FALCON LIMITED
Company Information
for the year ended 31 March 2019
Company Number
9107763 (England and Wales)
Registered Office
FLAT 1 DRAKE COURT
12 SWAN STREET
LONDON
SE1 1BH
Accountants
KAJ ASSOCIATES
9
MCGREDY
CHESHUNT
LONDON
EN7 6JZ
CITY FALCON LIMITED
Statement of financial position
as at
31 March 2019
Tangible assets
4,563
2,981
Cash at bank and in hand
541,956
229,470
Creditors: amounts falling due within one year
(41,940)
(33,543)
Net current assets
522,287
213,804
Total assets less current liabilities
526,850
216,785
Creditors: amounts falling due after more than one year
(7,990)
(7,990)
Net assets
518,860
208,795
Called up share capital
1,889,322
1,165,542
Profit and loss account
(1,370,462)
(956,747)
Shareholders' funds
518,860
208,795
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 8 May 2019.
Mr Ruzbeh Bacha
Director
Company Registration No. 9107763
CITY FALCON LIMITED
Notes to the Accounts
for the year ended 31 March 2019
CITY FALCON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 9107763. The registered office is FLAT 1 DRAKE COURT, 12 SWAN STREET, LONDON, SE1 1BH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating loss.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2018
2,434
3,052
5,486
Additions
1,342
1,742
3,084
At 31 March 2019
3,776
4,794
8,570
At 1 April 2018
1,045
1,460
2,505
Charge for the year
679
823
1,502
At 31 March 2019
1,724
2,283
4,007
At 31 March 2019
2,052
2,511
4,563
At 31 March 2018
1,389
1,592
2,981
CITY FALCON LIMITED
Notes to the Accounts
for the year ended 31 March 2019
Trade debtors
8,836
16,527
Accrued income and prepayments
5,468
801
6
Creditors: amounts falling due within one year
2019
2018
Trade creditors
797
1,393
Taxes and social security
33,117
-
Other creditors
1,168
705
7
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
7,990
7,990
8
Transactions with related parties
The company was under the control of Mr Ruzbeh Bacha throughout the current and previous year. Mr Ruzbeh Bacha is the managing director and majority shareholder.
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for smaller Entities.
9
Average number of employees
During the year the average number of employees was 1 (2018: 2).