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REGISTERED NUMBER: 01875939 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

INTERURBAN LIMITED

INTERURBAN LIMITED (REGISTERED NUMBER: 01875939)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

INTERURBAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Ms R Carruthers
Councillor A Shah





REGISTERED OFFICE: Meridian Business Centre,
King Street
Oldham
OL8 1EZ





REGISTERED NUMBER: 01875939 (England and Wales)





ACCOUNTANTS: Jane Cooksey Limited
15/16 Boarshurst Bus. Park,
Boarshurst Lane, Greenfield
Oldham
Lancashire
OL3 7ER

INTERURBAN LIMITED (REGISTERED NUMBER: 01875939)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,373,024 3,373,793

CURRENT ASSETS
Debtors 5 189,238 173,341
Cash at bank and in hand 24,109 67,104
213,347 240,445
CREDITORS
Amounts falling due within one year 6 1,891,689 1,855,353
NET CURRENT LIABILITIES (1,678,342 ) (1,614,908 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,694,682

1,758,885

CREDITORS
Amounts falling due after more than one
year

7

956,133

956,133
NET ASSETS 738,549 802,752

CAPITAL AND RESERVES
Called up share capital 3 3
Revaluation reserve 8 10,366 10,366
Retained earnings 728,180 792,383
SHAREHOLDERS' FUNDS 738,549 802,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

INTERURBAN LIMITED (REGISTERED NUMBER: 01875939)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by:





Ms R Carruthers - Director


INTERURBAN LIMITED (REGISTERED NUMBER: 01875939)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Interurban Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

INTERURBAN LIMITED (REGISTERED NUMBER: 01875939)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 March 2023
and 29 February 2024 3,371,273 37,331 76,970 3,485,574
DEPRECIATION
At 1 March 2023 - 37,330 74,451 111,781
Charge for year - - 769 769
At 29 February 2024 - 37,330 75,220 112,550
NET BOOK VALUE
At 29 February 2024 3,371,273 1 1,750 3,373,024
At 28 February 2023 3,371,273 1 2,519 3,373,793

Cost or valuation at 29 February 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
Valuation in 2018 477,267 - - 477,267
Valuation in 2020 98,566 - - 98,566
Cost 2,795,440 37,331 76,970 2,909,741
3,371,273 37,331 76,970 3,485,574

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,795,440 2,795,440

Freehold land and buildings were valued on an open market basis on 25 February 2021 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 57,554 37,813
Amounts owed by associates 130,252 130,252
Other debtors 1,432 5,276
189,238 173,341

INTERURBAN LIMITED (REGISTERED NUMBER: 01875939)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,899 25,147
Amounts owed to group undertakings 1,805,559 1,760,559
Taxation and social security 7,653 2
Other creditors 73,578 69,645
1,891,689 1,855,353

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 956,133 956,133

8. RESERVES
Revaluation
reserve
£   
At 1 March 2023
and 29 February 2024 10,366

9. RELATED PARTY DISCLOSURES

Management and Administrative charges amounting to £45,640 (2023 - £45,640) have been charged to the company by Inspecta Limited, a company in which Mrs R Carruthers has a 100% interest.

At the Balance Sheet date the following amounts were owing by former Related Parties.


20242023



Nicholson International Limited 70,00070,000



FM Nicholson (Materials Handling) Ltd60,25360,253


10. ULTIMATE CONTROLLING PARTY

The whole of the issued share capital of the company is owned by Meridian Development Company Limited.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
INTERURBAN LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Interurban Limited for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Interurban Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Interurban Limited and state those matters that we have agreed to state to the Board of Directors of Interurban Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Interurban Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Interurban Limited. You consider that Interurban Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Interurban Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Jane Cooksey Limited
15/16 Boarshurst Bus. Park,
Boarshurst Lane, Greenfield
Oldham
Lancashire
OL3 7ER


8 November 2024