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REGISTERED NUMBER: 06540383 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Urbanspire Holdings Limited

Urbanspire Holdings Limited (Registered number: 06540383)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Urbanspire Holdings Limited

Company Information
for the Year Ended 31 May 2023







Directors: D M Johnson
L F Vanstone
M B Williams





Registered office: Hadfield Road
Leckwith
Cardiff
CF11 8AQ





Registered number: 06540383 (England and Wales)





Accountants: BYB Accountancy Ltd
Incorporated Financial Accountants
39 Cardiff Road
Llandaff
Cardiff
South Glamorgan
CF5 2DP

Urbanspire Holdings Limited (Registered number: 06540383)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 816,109 816,109
Investments 5 1,812,500 1,812,500
2,628,609 2,628,609

Current assets
Debtors 6 1,132,752 726,202
Cash at bank - 16,398
1,132,752 742,600
Creditors
Amounts falling due within one year 7 2,020,818 1,746,831
Net current liabilities (888,066 ) (1,004,231 )
Total assets less current liabilities 1,740,543 1,624,378

Capital and reserves
Called up share capital 162 162
Revaluation reserve 8 115,000 115,000
Retained earnings 1,625,381 1,509,216
1,740,543 1,624,378

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Urbanspire Holdings Limited (Registered number: 06540383)

Balance Sheet - continued
31 May 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 16 February 2024 and were signed on its behalf by:




L F Vanstone - Director



M B Williams - Director


Urbanspire Holdings Limited (Registered number: 06540383)

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

1. STATUTORY INFORMATION

Urbanspire Holdings 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.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost

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 4 (2022 - 4 ) .

Urbanspire Holdings Limited (Registered number: 06540383)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Cost
At 1 June 2022
and 31 May 2023 816,109 75,661 2,697 894,467
Depreciation
At 1 June 2022
and 31 May 2023 - 75,661 2,697 78,358
Net book value
At 31 May 2023 816,109 - - 816,109
At 31 May 2022 816,109 - - 816,109

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1 June 2022
and 31 May 2023 1,812,500
Net book value
At 31 May 2023 1,812,500
At 31 May 2022 1,812,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 117,500 -
Amounts owed by group undertakings 1,015,252 726,202
1,132,752 726,202

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,514 4,908
Amounts owed to group undertakings 1,980,410 1,708,518
Taxation and social security 17,521 12,032
Other creditors 20,373 21,373
2,020,818 1,746,831

Urbanspire Holdings Limited (Registered number: 06540383)

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

8. RESERVES
Revaluation
reserve
£   
At 1 June 2022
and 31 May 2023 115,000

9. PARENT UNDERTAKING

The immediate and ultimate parent undertaking is MLKD Ltd