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REGISTERED NUMBER: 09658081 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 January 2023

for

Urban Creation (Beech House) Ltd

Urban Creation (Beech House) Ltd (Registered number: 09658081)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Urban Creation (Beech House) Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: J Brecknell
Mrs S J Brecknell





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bristol
Gloucestershire
BS32 4JY





REGISTERED NUMBER: 09658081 (England and Wales)





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

Urban Creation (Beech House) Ltd (Registered number: 09658081)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 373,866 486,044
Investment property 5 7,290,000 6,590,000
7,663,866 7,076,044

CURRENT ASSETS
Debtors 6 546,077 910,907
Prepayments and accrued income 3,009 -
Cash at bank 50,827 26,750
599,913 937,657
CREDITORS
Amounts falling due within one year 7 351,126 1,085,349
NET CURRENT ASSETS/(LIABILITIES) 248,787 (147,692 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,912,653 6,928,352

CREDITORS
Amounts falling due after more than one year 8 (4,080,802 ) (3,725,847 )

PROVISIONS FOR LIABILITIES (1,131,274 ) (736,064 )
NET ASSETS 2,700,577 2,466,441

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 2,700,477 2,466,341
SHAREHOLDERS' FUNDS 2,700,577 2,466,441

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 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.

Urban Creation (Beech House) Ltd (Registered number: 09658081)

Balance Sheet - continued
31 January 2023


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 17 November 2023 and were signed on its behalf by:





J Brecknell - Director


Urban Creation (Beech House) Ltd (Registered number: 09658081)

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

1. STATUTORY INFORMATION

Urban Creation (Beech House) Ltd 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 as modified by the revaluation of certain assets.

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.

The company is wholly owned by Urban Creation Management Limited.

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

Turnover represents rental income recognised over the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 (Beech House) Ltd (Registered number: 09658081)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2022 1,366,422
Additions 12,789
Disposals (1,455 )
At 31 January 2023 1,377,756
DEPRECIATION
At 1 February 2022 880,378
Charge for year 124,621
Eliminated on disposal (1,109 )
At 31 January 2023 1,003,890
NET BOOK VALUE
At 31 January 2023 373,866
At 31 January 2022 486,044

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 6,590,000
Revaluations 700,000
At 31 January 2023 7,290,000
NET BOOK VALUE
At 31 January 2023 7,290,000
At 31 January 2022 6,590,000

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2018 1,366,416
Valuation in 2019 1,099,603
Valuation in 2020 294,670
Valuation in 2022 1,064,405
Valuation in 2023 700,000
Cost 2,764,906
7,290,000

Urban Creation (Beech House) Ltd (Registered number: 09658081)

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

5. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

31.1.23 31.1.22
£    £   
Cost 2,764,906 2,764,906

The investment property was valued on an open market basis on 31 January 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 13,838 14,752
Other debtors 518,586 886,144
Prepayments 13,653 10,011
546,077 910,907

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 9,911 7,549
Trade creditors 34,031 21,809
VAT 13,280 2,896
Other creditors 255,470 1,037,221
Accruals and deferred income 38,434 15,874
351,126 1,085,349

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 14,117 27,955
Other creditors 4,056,685 3,687,892
4,080,802 3,725,847

9. SECURED DEBTS

There is a fixed and floating charge over the assets of the company, with a specific charge on the property known as Beech House, 6 St Paul's Road, Clifton, Bristol.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £100 100 100

Urban Creation (Beech House) Ltd (Registered number: 09658081)

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

11. RESERVES
Retained
earnings
£   

At 1 February 2022 2,466,341
Profit for the year 234,136
At 31 January 2023 2,700,477

The company has non-distributable reserves totalling £3,393,821.

12. RELATED PARTY DISCLOSURES

During the year, management charges totalling £87,081 (2022: £81,111) were due to Urban Creation Limited, a company under common control but not within the Group.

At the year end, £518,586 (2022: £509,252 ) was owed from Urban Creation Limited.