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Registered number: 10725512
Urbanvestments (UK) Limited
Financial Statements
For The Year Ended 30 April 2024
JUST ACCOUNTS (CARDIFF) LTD
Certified Practicing Accountant
DUNBELLING HOUSE
LLANISHEN
CARDIFF
SOUTH GLAMORGAN
CF14 5DE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10725512
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,949 3,596
2,949 3,596
CURRENT ASSETS
Debtors 5 1,402 19,424
Cash at bank and in hand 2,833 64,630
4,235 84,054
Creditors: Amounts Falling Due Within One Year 6 (1,698 ) (4,999 )
NET CURRENT ASSETS (LIABILITIES) 2,537 79,055
TOTAL ASSETS LESS CURRENT LIABILITIES 5,486 82,651
Creditors: Amounts Falling Due After More Than One Year 7 - (40,817 )
NET ASSETS 5,486 41,834
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 5,386 41,734
SHAREHOLDERS' FUNDS 5,486 41,834
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr ALI ALZAHID
Director
24 July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Urbanvestments (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10725512 . The registered office is 9 Winnipeg Drive, Lakeside, Cardiff, Glamorgan, CF23 6ET.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20
Computer Equipment 20
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 1,098 2,898 3,996
Additions 175 - 175
As at 30 April 2024 1,273 2,898 4,171
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 May 2023 110 290 400
Provided during the period 243 579 822
As at 30 April 2024 353 869 1,222
Net Book Value
As at 30 April 2024 920 2,029 2,949
As at 1 May 2023 988 2,608 3,596
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - (576 )
Other debtors - Uber Estate Ltd - 20,000
Other debtors - DREAMSPACE DESIGN & CONSTRUCTION LTD 1,402 -
1,402 19,424
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) (1 )
Accruals and deferred income 600 -
Directors' loan accounts 1,099 5,000
1,698 4,999
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors - J Alzahid - 40,817
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
9. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 14,400 4,000
Interim Dividend - A Alzahid £2,000
Interim Dividend - N Alzahid £2,000
Page 5