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REGISTERED NUMBER: 04919658 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 January 2023

for

Urban Creation Limited

Urban Creation Limited (Registered number: 04919658)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Urban Creation Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: J Brecknell





SECRETARY: Mrs S Brecknell





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 04919658 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Urban Creation Limited (Registered number: 04919658)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,033 20,521

CURRENT ASSETS
Debtors 5 1,647,108 2,171,021
Cash at bank 158,367 110,172
1,805,475 2,281,193
CREDITORS
Amounts falling due within one year 6 982,123 1,260,383
NET CURRENT ASSETS 823,352 1,020,810
TOTAL ASSETS LESS CURRENT LIABILITIES 852,385 1,041,331

CREDITORS
Amounts falling due after more than one year 7 240,756 373,787
NET ASSETS 611,629 667,544

CAPITAL AND RESERVES
Called up share capital 9 10,057 10,057
Retained earnings 10 601,572 657,487
SHAREHOLDERS' FUNDS 611,629 667,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 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 director and authorised for issue on 17 October 2023 and were signed by:





J Brecknell - Director


Urban Creation Limited (Registered number: 04919658)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Urban Creation 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.

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.

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.
Motor vehicles - 15% on reducing balance
Computer equipment - 15% 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.

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 20 (2022 - 15 ) .

Urban Creation Limited (Registered number: 04919658)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022 8,360 20,668 29,028
Additions - 13,636 13,636
At 31 January 2023 8,360 34,304 42,664
DEPRECIATION
At 1 February 2022 2,320 6,187 8,507
Charge for year 906 4,218 5,124
At 31 January 2023 3,226 10,405 13,631
NET BOOK VALUE
At 31 January 2023 5,134 23,899 29,033
At 31 January 2022 6,040 14,481 20,521

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 6,265 301,076
Other debtors 1,620,327 1,855,822
Prepayments and accrued income 20,516 14,123
1,647,108 2,171,021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 10,083 10,083
Trade creditors 27,663 7,325
Social security and other taxes 16,253 10,925
VAT 54,368 53,829
Other creditors 869,256 1,175,721
Accrued expenses 4,500 2,500
982,123 1,260,383

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans - 1-2 years 10,083 10,083
Bank loans - 2-5 years 13,861 23,528
Other creditors 216,812 340,176
240,756 373,787

Urban Creation Limited (Registered number: 04919658)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 34,027 43,694

The director has issued a personal guarantee in addition to the banks debenture to secure the company's bank borrowing.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
10,000 Ordinary £1 10,000 10,000
5,715 Ordinary B, non-voting £.01 57 57
10,057 10,057

10. RESERVES
Retained
earnings
£   

At 1 February 2022 657,487
Profit for the year 4,085
Dividends (60,000 )
At 31 January 2023 601,572

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
J Brecknell
Balance outstanding at start of year - 2,000
Amounts repaid - (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Urban Creation Limited (Registered number: 04919658)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

12. RELATED PARTY DISCLOSURES

At the period end, the following balances were owed from/(to) companies under common control:-

2023 2022

CS Operating Company Limited - (£59,521 )
Urban Creation (Alison Court) Limited £762,109 £715,318
Urban Creation (QR) Limited £85,604 £124,098
Urban Creation Management Limited (£216,812 ) (£340,176 )
Urban Creation (Shaw) Limited £541,776 £772,740
Urban Creation (Beech House) Limited (£518,586 ) (£509,252 )
Urban Creation (Charlotte Street) Limited £174,678 £122,894
Urban Creation (Tyndalls) Limited (£109,181 ) (£137,405 )
Urban Creation (Park Avenue) Limited (£238,808 ) (£251,268 )
Urban Creation (Park Street) Limited £56,159 £31,878
QR Operating Company Limited - -
50PS OpCo Limited - (£134,195 )
76PA OpCo Limited - (£80,996 )
48 Park Street Bristol Limited £5,907 £88,895


The following management charges were charged to the companies as follows:-

2023 2022

Urban Creation (Alison Court) Limited £48,936 £37,339
Urban Creation (QR) Limited £6,306 £5,705
Urban Creation (Shaw) Limited £31,967 £28,931
Urban Creation (Beech House) Limited £87,081 £81,111
Urban Creation (Charlotte Street) Limited £60,382 £51,848
Urban Creation (Tyndalls) Limited £26,307 £23,674
Urban Creation (Park Avenue) Limited £11,691 £12,139
Urban Creation (Park Street) Limited £20,043 £18,793


The following management charges were charged by the companies as follows:-

2023 2022

Urban Creation Management Limited £9,000 -