Year Ended
Registration number:
Urbanbridge Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Urbanbridge Limited
Company Information
Directors |
Mr A Trump Mrs J Trump |
Registered office |
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Accountants |
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Urbanbridge Limited
Balance Sheet
30 November 2023
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2023 |
2022 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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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' funds |
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For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Urbanbridge Limited
Notes to the Unaudited Financial Statements
Year Ended 30 November 2023
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including Section 1A. There are no material departures from FRS 102.
Basis of preparation
These financial statements have been prepared using the historical cost convention. The financial statements are presented in pound sterling.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
The turnover shown in the profit and loss account represents amounts of rental income receivable during the year.
Urbanbridge Limited
Notes to the Unaudited Financial Statements
Year Ended 30 November 2023
2 |
Accounting policies (continued) |
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Investment property
Staff numbers |
The average number of persons employed by the company during the year, was
Investment properties |
2023 |
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At 1 December 2022 |
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At 30 November 2023 |
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The last independent valuation was in November 2017 when the group refinanced.
The investment property fair value has been based on the Director's valuation at the end of the financial year.
Urbanbridge Limited
Notes to the Unaudited Financial Statements
Year Ended 30 November 2023
Debtors |
2023 |
2022 |
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Amounts due from group undertakings |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Bank loans |
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Amounts due to group undertakings |
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Accrued expenses |
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Corporation tax |
1,477 |
922 |
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Bank borrowing are secured on all assets of the company by way of fixed and floating charges.
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
Reserves |
Reserves of £299,700 (2022: £299,700) are in respect of non-distributable reserves in relation to the revaluation of the company's investment property.
Urbanbridge Limited
Notes to the Unaudited Financial Statements
Year Ended 30 November 2023
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
The ultimate controlling party is