Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-01falseNo description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08153609 2023-01-01 2023-12-31 08153609 2022-01-01 2022-12-31 08153609 2023-12-31 08153609 2022-12-31 08153609 c:Director7 2023-01-01 2023-12-31 08153609 d:Buildings 2023-01-01 2023-12-31 08153609 d:Buildings 2023-12-31 08153609 d:Buildings 2022-12-31 08153609 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08153609 d:FurnitureFittings 2023-01-01 2023-12-31 08153609 d:FurnitureFittings 2023-12-31 08153609 d:FurnitureFittings 2022-12-31 08153609 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08153609 d:ComputerEquipment 2023-01-01 2023-12-31 08153609 d:ComputerEquipment 2023-12-31 08153609 d:ComputerEquipment 2022-12-31 08153609 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08153609 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08153609 d:CurrentFinancialInstruments 2023-12-31 08153609 d:CurrentFinancialInstruments 2022-12-31 08153609 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08153609 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08153609 d:RetainedEarningsAccumulatedLosses 2023-12-31 08153609 d:RetainedEarningsAccumulatedLosses 2022-12-31 08153609 c:FRS102 2023-01-01 2023-12-31 08153609 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08153609 c:FullAccounts 2023-01-01 2023-12-31 08153609 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 08153609 2 2023-01-01 2023-12-31 08153609 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 08153609










The Urban Revival Foundation
(A company limited by guarantee)








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2023

 
The Urban Revival Foundation
 
(A company limited by guarantee)
Registered number: 08153609

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,721,315
2,737,332

  
2,721,315
2,737,332

Current assets
  

Debtors: amounts falling due within one year
 5 
4,449
11,149

Cash at bank and in hand
 6 
9,019
6,400

  
13,468
17,549

Creditors: amounts falling due within one year
 7 
(52,192)
(19,046)

Net current liabilities
  
 
 
(38,724)
 
 
(1,497)

  

Net assets
  
2,682,591
2,735,835


Capital and reserves
  

Profit and loss account
  
2,682,591
2,735,835

  
2,682,591
2,735,835


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J Denniss
Director

Date: 24 September 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
The Urban Revival Foundation

(A company limited by guarantee)
 

 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

The company is a private company limited by guarantee, incorporated in England and Wales. The registered office and principal place of business is St Mary Magdalene Church, Holloway Road, London, N7 8LT. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 
The Urban Revival Foundation

(A company limited by guarantee)
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
Fixtures and fittings
-
10%
straight line
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 0 (2022 - 0).

Page 3

 
The Urban Revival Foundation

(A company limited by guarantee)
 

 
Notes to the financial statements
For the year ended 31 December 2023

4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost


At 1 January 2023
2,713,386
160,176
2,860
2,876,422



At 31 December 2023

2,713,386
160,176
2,860
2,876,422



Depreciation


At 1 January 2023
-
136,230
2,860
139,090


Charge for the year on owned assets
-
16,017
-
16,017



At 31 December 2023

-
152,247
2,860
155,107



Net book value



At 31 December 2023
2,713,386
7,929
-
2,721,315


5.


Debtors

2023
2022
£
£


Trade debtors
305
5,456

Other debtors
1,638
5,693

Prepayments and accrued income
2,506
-

4,449
11,149



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
9,019
6,400

9,019
6,400


Page 4

 
The Urban Revival Foundation

(A company limited by guarantee)
 

 
Notes to the financial statements
For the year ended 31 December 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to other participating interests
43,552
14,552

Other taxation and social security
1,136
958

Other creditors
-
550

Accruals and deferred income
7,504
2,986

52,192
19,046




8.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


9.


Related party transactions

During the year, the company made donations of £nil (2022: £4,000) to The Parish Of Hope Church Islington, a charity which the Directors of The Urban Revival Foundation are also Trustees of. The company also received net receipts totalling £29,000 (2022: £33,832) to the charity. At the balance sheet date, the company owed £43,552 to The Parish Of Hope Church Islington (2022: £14,552).


10.


Controlling party

The company is limited by guarantee. The company is therefore controlled by the members, being the Directors.

Page 5