Company registration number:
31 May 2024
Urban High Developments Ltd
Contents
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Directors and other information | 1 |
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Directors report | 2 |
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Statement of financial position | 3 - 4 |
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Notes to the financial statements | 5 - 8 |
Urban High Developments Ltd
Directors and other information
Directors | |
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Company number | 09035679 |
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Registered office | |
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Urban High Developments Ltd
Directors report
Year ended 31 May 2024
The directors present their report and the unaudited financial statements of the company for year ended 31 May 2024.
Directors
The directors who served the company during the year were as follows:
C Cingi (appointed 3 April 2024)
Small companies provisions
This report was approved by the board of directors on the 15th February 2025 and signed on behalf of the board by:
C Cingi
Director
Urban High Developments Ltd
Statement of financial position
31 May 2024
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Fixed assets |
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Tangible assets | 5 |
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Current assets |
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Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 7 | ( |
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Net current assets |
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Total assets less current liabilitie |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders deficit |
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Directors' responsibilities:
• | The shareholders have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; |
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The notes on pages 5 to 8 form part of these financial statements.
Urban High Developments Ltd
Statement of financial position (continued)
31 May 2024
These financial statements were approved by the
C Cingi
Director
Company registration number: 09035679
The notes on pages 5 to 8 form part of these financial statements.
Urban High Developments Ltd
Notes to the financial statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lynton House, 7-12 Tavistock Square, London, WC1H 9LT.
2. Statement of compliance
3. Accounting policies
Basis of preparation
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
Revenue
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Urban High Developments Ltd
Notes to the financial statements
Year ended 31 May 2024
3. Accounting policies (continued)
Taxation (continued)
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Depreciation
Short leasehold property -
Fittings fixtures and equipment -
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Loss before taxation
Loss before taxation is stated after charging: |
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Depreciation of tangible assets |
Urban High Developments Ltd
Notes to the financial statements
Year ended 31 May 2024
5. Tangible assets
| Short | Fixtures, | Total |
| Leasehold | fittings and |
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| Property | equipment |
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Cost |
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At 1 June 2023 | |||
Disposals | - | - | - |
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At 31 May 2024 | |||
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Depreciation |
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At 1 June 2023 | - | ||
Charge for the year | - | ||
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At 31 May 2024 | - | ||
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Carrying amount |
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At 31 May 2024 | - | ||
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At 31 May 2023 | 1,477,331 |
6. Debtors
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Other debtors |
7. Creditors: amounts falling due within one year
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Trade creditors |
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Other creditors |
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Amounts owing to related company | 7.1 | ||
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Urban High Developments Ltd
Notes to the financial statements
Year ended 31 May 2024
8. Related party balances and transactions
8.1 Related party balances and transactions
Information on balances due to related parties is set out in note 7 to these financial statements.
8.2 Related party transactions
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| 31 May | |
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Financing transactions |
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Amounts owing to related company | ( | ( |