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Registered number: 04215741

Urban Edge New York Street Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023


Urban Edge New York Street Ltd

COMPANY ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
Ben Chesterfield
REGISTERED OFFICE
c/o Urban Edge Group Limited
91 Paul Street
London
EC2A 4NY
COMPANY DETAILS
registered in England and Wales, registered number 04215741

Urban Edge New York Street Ltd

COMPANY ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Urban Edge New York Street Ltd

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets- (restated, see note 8)8,228,0006,140,000
CURRENT ASSETS
CREDITORS: Amounts falling due within one year83031,902
NET CURRENT LIABILITIES(830)(31,902)
TOTAL ASSETS LESS CURRENT LIABILITIES8,227,1706,108,098
CREDITORS: Amounts falling due after more than one year49,582,9149,883,309
PROVISIONS FOR LIABILITIES AND CHARGES5328,000-
NET LIABILITIES(1,683,744)(3,775,211)
CAPITAL AND RESERVES
Called up share capital611
Non-distributable reserve1c,72,088,000-
Profit and loss account(3,771,745)(3,775,212)
SHAREHOLDERS' FUNDS(1,683,744)(3,775,211)
For the year ending 31/12/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 11/09/2024 and signed on their behalf by
.............................
Ben Chesterfield
Director

Urban Edge New York Street Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1c. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 7).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
2. EMPLOYEES
20232022
No.No.
Average number of employees--
3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/01/20236,140,0006,140,000
Fair value adjustment2,088,0002,088,000
At 31/12/20238,228,0008,228,000

Urban Edge New York Street Ltd

4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Due to group companies >1yr9,582,9149,883,309
9,582,9149,883,309
5. PROVISIONS FOR LIABILITIES 20232022
££
Other provisions- Cladding remediation works at Ice Works, Cross York Street, Leeds328,000-
328,000-
6. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
7. REVALUATION RESERVE 20232022
££
Non-distributable reserve2,088,000-
2,088,000-

Urban Edge New York Street Ltd

8. PRIOR PERIOD ADJUSTMENT
Transitional adjustment - WIP to Fixed assets/ Investment Property
The accounts have been restated to incorporate the impact of misclassification of an investment property as work in progress
Year EndedStock/WIPInvestment Property at MV
31.12.2014£6,140,0000
31.12.20150£6,140,000
31.12.2016- 31.12.20220£6,140,000
Summary of the prior year accounting impact
Reduction in stock- work in progress-£6,140,000
Increase in fixed assets- Investment properties£6,140,000
Impact on previously reported equity0