Company registration number:
Urban High Developments Ltd
Contents
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Directors and other information | 3 |
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Directors report | 4 |
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Statement of financial position | 5-6 |
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Notes to the financial statements | 7-10 |
Urban High Developments Ltd
Directors and other information
Directors | |
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Company number | 09035679 |
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Registered office | |
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Urban High Developments Ltd
Directors report
Year ended 31 May 2023
The directors present their report and the unaudited financial statements of the company for year ended 31 May 2023.
Directors
The directors who served the company during the year were as follows:
O Kisacikoglu
Small companies provisions
This report was approved by the board of directors on the 15th February 2024 and signed on behalf of the board by:
O Kisacikoglu
Director
Urban High Developments Ltd
Statement of financial position
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| Note | £ | £ | £ | £ |
Fixed assets |
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Tangible assets | 5 |
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Current assets |
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Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 7 | ( |
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders deficit |
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Directors' responsibilities:
• | The shareholders have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; |
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The notes on pages 5 to 8 form part of these financial statements.
Urban High Developments Ltd
Statement of financial position (continued)
31 May 2023
These financial statements were approved by
O Kisacikoglu
Director
Company registration number: 09035679
The notes on pages 5 to 8 form part of these financial statements.
Urban High Developments Ltd
Notes to the financial statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lynton House, 7-12 Tavistock Square, London, WC1H 9LT.
2. Statement of compliance
3. Accounting policies
Basis of preparation
Going concern
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transactions at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably measured, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.
Urban High Developments Ltd
Notes to the financial statements
Year ended 31 May 2023
3. Accounting policies (continued)
Tangible assets
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Depreciation
Short leasehold property -
Fittings fixtures and equipment -
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Loss before taxation
Loss before taxation is stated after charging: |
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Depreciation of tangible assets |
Urban High Developments Ltd
Notes to the financial statements
Year ended 31 May 2023
5. Tangible assets
| Short | Fixtures, | Total |
| Leasehold | fittings and |
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| Property | equipment |
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Cost |
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At 1 June 2022 | |||
Disposals | ( | - | ( |
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At 31 May 2023 | |||
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Depreciation |
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At 1 June 2022 | - | ||
Charge for the year | - | ||
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At 31 May 2023 | - | ||
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Carrying amount |
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At 31 May 2023 | |||
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At 31 May 2022 |
6. Debtors
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Other debtors |
7. Creditors: amounts falling due within one year
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Trade creditors |
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Other creditors |
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Amounts owing to related company | 7.1 | ||
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Urban High Developments Ltd
Notes to the financial statements
Year ended 31 May 2023
8. Related party balances and transactions
8.1 Related party balances and transactions
Information on balances due to related parties is set out in note 7 to these financial statements.
8.2 Related party transactions
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Financing transactions |
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Amounts owing to related company | - |