IRIS Accounts Production v23.4.0.336 09971830 director 1.7.22 30.6.23 30.6.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099718302022-06-30099718302023-06-30099718302022-07-012023-06-30099718302021-06-30099718302021-07-012022-06-30099718302022-06-3009971830ns15:EnglandWales2022-07-012023-06-3009971830ns14:PoundSterling2022-07-012023-06-3009971830ns10:Director12022-07-012023-06-3009971830ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3009971830ns10:SmallEntities2022-07-012023-06-3009971830ns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3009971830ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3009971830ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3009971830ns10:FullAccounts2022-07-012023-06-3009971830ns10:RegisteredOffice2022-07-012023-06-3009971830ns5:CurrentFinancialInstruments2023-06-3009971830ns5:CurrentFinancialInstruments2022-06-3009971830ns5:Non-currentFinancialInstruments2023-06-3009971830ns5:Non-currentFinancialInstruments2022-06-3009971830ns5:ShareCapital2023-06-3009971830ns5:ShareCapital2022-06-3009971830ns5:RetainedEarningsAccumulatedLosses2023-06-3009971830ns5:RetainedEarningsAccumulatedLosses2022-06-3009971830ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3009971830ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 09971830 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th June 2023

for

Urban Quarters Ltd

Urban Quarters Ltd (Registered number: 09971830)






Contents of the Financial Statements
for the Year Ended 30th June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Urban Quarters Ltd

Company Information
for the Year Ended 30th June 2023







DIRECTOR: N Aitken





REGISTERED OFFICE: 1 Mildrose Court
16-19 Malvern Mews
London
NW6 5PT





REGISTERED NUMBER: 09971830 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Urban Quarters Ltd (Registered number: 09971830)

Balance Sheet
30th June 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 14,301 6,311
Debtors 3 985,000 985,405
Cash at bank 10,459 6,201
1,009,760 997,917
CREDITORS
Amounts falling due within one year 4 (998,901 ) (982,461 )
NET CURRENT ASSETS 10,859 15,456
TOTAL ASSETS LESS CURRENT LIABILITIES 10,859 15,456

CREDITORS
Amounts falling due after more than one
year

5

(33,758

)

(34,230

)
NET LIABILITIES (22,899 ) (18,774 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (22,999 ) (18,874 )
SHAREHOLDERS' FUNDS (22,899 ) (18,774 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

Urban Quarters Ltd (Registered number: 09971830)

Balance Sheet - continued
30th June 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 director and authorised for issue on 11th March 2024 and were signed by:





N Aitken - Director


Urban Quarters Ltd (Registered number: 09971830)

Notes to the Financial Statements
for the Year Ended 30th June 2023

1. 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.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

2. EMPLOYEES AND DIRECTORS

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

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 985,000 985,000
Other debtors - 405
985,000 985,405

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 10,000
Other creditors 993,901 972,461
998,901 982,461

Urban Quarters Ltd (Registered number: 09971830)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 33,758 34,230

6. RELATED PARTY DISCLOSURES

At the year end, Urban Quarters Ltd was owed £985,000 (2022: £985,000) from Urban Quarters Rentals Ltd. This balance is included within debtors (note 3).

At the year end, Urban Quarters Ltd owed £4,860 (2022: £3,420) to Urban Quarters Partnership LLP. This balance is included within other creditors (note 4).

At the year end, Urban Quarters Ltd owed £20,000 (2022: £0) to At Home 365 Ltd. This balance is included within other creditors (note 4).