The Urban Standard Limited 08354543 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is public house and bistro Digita Accounts Production Advanced 6.30.9574.0 true false 08354543 2023-01-01 2023-12-31 08354543 2023-12-31 08354543 bus:OrdinaryShareClass1 2023-12-31 08354543 core:CurrentFinancialInstruments 2023-12-31 08354543 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08354543 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 08354543 bus:SmallEntities 2023-01-01 2023-12-31 08354543 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08354543 bus:AbridgedAccounts 2023-01-01 2023-12-31 08354543 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08354543 bus:RegisteredOffice 2023-01-01 2023-12-31 08354543 bus:Director2 2023-01-01 2023-12-31 08354543 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 08354543 bus:OrdinaryShareClass1 bus:OtherShareType 2023-01-01 2023-12-31 08354543 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08354543 core:FurnitureFittings 2023-01-01 2023-12-31 08354543 core:LandBuildings 2023-01-01 2023-12-31 08354543 core:PlantMachinery 2023-01-01 2023-12-31 08354543 1 2023-01-01 2023-12-31 08354543 countries:EnglandWales 2023-01-01 2023-12-31 08354543 2022-01-01 2022-12-31 08354543 2022-12-31 08354543 bus:OrdinaryShareClass1 2022-12-31 08354543 core:CurrentFinancialInstruments 2022-12-31 08354543 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 08354543 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 08354543 bus:OrdinaryShareClass1 bus:OtherShareType 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08354543

The Urban Standard Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2023

 

The Urban Standard Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

The Urban Standard Limited

Company Information

Director

D J Wood

Registered office

Office 1 The Coach House
24-26 Station Road
Shirehampton
Bristol
BS11 9TX

Accountants

G W Jones & Co
Accountants
Office 1 The Coach House
24-26 Station Road
Shirehampton
Bristol
BS11 9TX

 

The Urban Standard Limited

(Registration number: 08354543)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

981

38,195

Cash at bank and in hand

 

5,676

5,676

 

6,657

43,871

Creditors: Amounts falling due within one year

(5,321)

(262,741)

Total assets less current liabilities

 

1,336

(218,870)

Creditors: Amounts falling due after more than one year

-

(18,711)

Accruals and deferred income

 

-

(1,700)

Net assets/(liabilities)

 

1,336

(239,281)

Capital and reserves

 

Called up share capital

5

200

200

Retained earnings

1,136

(239,481)

Shareholders' funds/(deficit)

 

1,336

(239,281)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 26 September 2024
 

.........................................
D J Wood
Director

 

The Urban Standard Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Office 1 The Coach House
24-26 Station Road
Shirehampton
Bristol
BS11 9TX

The principal place of business is:
35 Gloucester Road
Bishopston
Bristol
BS7 8AD

These financial statements were authorised for issue by the director on 26 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Depreciation

Asset class

Depreciation method and rate

Leasehold improvements

No depreciation

Plant, machinery and kitchen equipment

10% reducing balance

Fixtures and fittings

10% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

The Urban Standard Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

5

Share capital

Allotted, called up and fully paid shares

 

The Urban Standard Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

 

2023

2022

 

No.

£

No.

£

ordinary of £1 each

200

200

200

200

         

6

Dividends

Final dividends paid

   

2023
£

 

2022
£

Final dividend of £Nil per each Ordinary

 

-

 

-

         

7

Related party transactions

Due to operations ceasing during 2019, the balances owed to/from related parties have been written off in the year to 31 December 2023.

8

Parent and ultimate parent undertaking

The company's immediate parent is Anything But Standard Group Limited, incorporated in England and Wales.

 The ultimate controlling party is the director who owns the 70% of the share capital in the ultimate parent undertaking.