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REGISTERED NUMBER: 06601872 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Urban Sales And Lettings Limited

Urban Sales And Lettings Limited (Registered number: 06601872)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Urban Sales And Lettings Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: A P Finneran
C A Fletcher





SECRETARY: Y Engel





REGISTERED OFFICE: 3 Park Road
Teddington
TW11 0AP





REGISTERED NUMBER: 06601872 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

Urban Sales And Lettings Limited (Registered number: 06601872)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 225
Tangible assets 5 - 610
- 835

CURRENT ASSETS
Debtors 6 7,826 27,730
Cash at bank 948 9,326
8,774 37,056
CREDITORS
Amounts falling due within one year 7 79,992 61,593
NET CURRENT LIABILITIES (71,218 ) (24,537 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(71,218

)

(23,702

)

CAPITAL AND RESERVES
Called up share capital 110 110
Share premium 793,948 793,948
Other reserves 38,564 38,564
Retained earnings (903,840 ) (856,324 )
(71,218 ) (23,702 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 1 September 2022 and were signed on its behalf by:





C A Fletcher - Director


Urban Sales And Lettings Limited (Registered number: 06601872)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

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

Going Concern
The directors assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date of the approval of the financial statements.For the purposes of assessing going concern the directors have assumed that the company will continue to be able to provide its services to its customers.

The company is reliant on the support of the new parent company (London Resi Ltd) whom acquired the Howsy group on 16 March 2022. London Resi Ltd have indicated their willingness to continue to support the company for a minimum of 12 months from the date of signing these financial statements and, therefore, that it remains appropriate to continue to adopt going concern basis of accounting in the preparation of the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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 reducing balance

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 balance sheet date.


Urban Sales And Lettings Limited (Registered number: 06601872)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2021
and 31 December 2021 104,343
AMORTISATION
At 1 January 2021 104,118
Charge for year 225
At 31 December 2021 104,343
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 225

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2021 1,651 6,027 7,678
Disposals (1,651 ) (6,027 ) (7,678 )
At 31 December 2021 - - -
DEPRECIATION
At 1 January 2021 1,477 5,591 7,068
Charge for year 58 144 202
Eliminated on disposal (1,535 ) (5,735 ) (7,270 )
At 31 December 2021 - - -
NET BOOK VALUE
At 31 December 2021 - - -
At 31 December 2020 174 436 610

Urban Sales And Lettings Limited (Registered number: 06601872)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. TANGIBLE FIXED ASSETS - continued

The website has been reclassified from tangible to intangible fixed assets and the comparatives restated for consistency with presentation in the current year as detailed in Note 5 to the financial statements.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Amounts owed by group undertakings - 20,822
Other debtors 7,826 6,908
7,826 27,730

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 23,700 15,248
Amounts owed to group undertakings 1,712 -
Taxation and social security 53,323 44,545
Other creditors 1,257 1,800
79,992 61,593

8. ULTIMATE PARENT COMPANY

The directors consider the company's immediate and ultimate parent undertaking of the smallest and largest group to be London Resi Ltd a company incorporated in England and Wales. London Resi Ltd prepares financial statements which are available from its registered office; 3 Park Road, Teddington, England, TW11 0AP.