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REGISTERED NUMBER: 10644831 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 January 2023

for

Urban Creation Management Limited

Urban Creation Management Limited (Registered number: 10644831)






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 Management Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: J Brecknell





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





REGISTERED NUMBER: 10644831 (England and Wales)





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

Urban Creation Management Limited (Registered number: 10644831)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 800 800

CURRENT ASSETS
Debtors 5 21,809,354 22,702,957
Cash at bank 71,579 12,045
21,880,933 22,715,002
CREDITORS
Amounts falling due within one year 6 2,125,561 3,253,678
NET CURRENT ASSETS 19,755,372 19,461,324
TOTAL ASSETS LESS CURRENT LIABILITIES 19,756,172 19,462,124

CREDITORS
Amounts falling due after more than one year 7 19,841,375 19,547,625
NET LIABILITIES (85,203 ) (85,501 )

CAPITAL AND RESERVES
Called up share capital 10 700 700
Retained earnings (85,903 ) (86,201 )
SHAREHOLDERS' FUNDS (85,203 ) (85,501 )

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 Management Limited (Registered number: 10644831)

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

1. STATUTORY INFORMATION

Urban Creation Management 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.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the director that he will continue to support the company. As a result, the director has adopted the going concern basis.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Urban Creation Management Limited (Registered number: 10644831)

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2022
and 31 January 2023 800
NET BOOK VALUE
At 31 January 2023 800
At 31 January 2022 800

5. DEBTORS
31.1.23 31.1.22
£    £   
Amounts falling due within one year:
Other debtors 125,000 296,875
Prepayments 1,128 1,622
126,128 298,497

Amounts falling due after more than one year:
Other debtors 21,683,226 22,404,460

Aggregate amounts 21,809,354 22,702,957

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts (see note 8) 125,000 296,875
Trade creditors 4,490 502
Other creditors 528,951 745,271
Directors' current accounts 1,464,600 2,201,942
Accrued expenses 2,520 9,088
2,125,561 3,253,678

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans (see note 8) 19,841,375 19,547,625

8. LOANS

An analysis of the maturity of loans is given below:

31.1.23 31.1.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 125,000 296,875

Urban Creation Management Limited (Registered number: 10644831)

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

8. LOANS - continued
31.1.23 31.1.22
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 19,841,375 390,625

Amounts falling due between two and five years:
Bank loans - 2-5 years - 19,157,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 19,966,375 19,844,500

Bank loans are secured by the following properties held within the Group:-

- 14, 15 and 16 Charlotte Street, Bristol
- 4 Park Lane, St Michael's Hill, Bristol
- Beech House, 6 St Paul's Road, Bristol
- Upper Floors, Ashington House, 49 Queens Road, Bristol
- Prince Rupert House, 15 Whiteladies Road, Bristol
- 50 Park Street, Bristol
- 76 Park Street, Bristol
- 5 Park Street Avenue, Bristol

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
700 Ordinary A £1 700 700

11. RELATED PARTY DISCLOSURES

At the year end, £216,812 (2022: £340,176) was owed from Urban Creation Limited, a company under common control but not within the Group.