Company registration number:
31 May 2024
Urban High Property Investments 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 Property Investments Ltd
Directors and other information
Directors | |
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Company number | 12014188 |
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Registered office | |
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Urban High Property Investments Ltd
Directors report
Year ended 31 May 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 May 2024.
Directors
The directors who served the company during the year were as follows:
M G Curran (appointed 13 May 2024)
C Cingi (appointed 3 April 2024)
Small companies provisions
This report was approved by the board of directors on the 18th February 2025 and signed on behalf of the board by:
C Cingi
Director
Urban High Property Investments Ltd
Statement of financial position
31 May 2024
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Fixed assets |
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Investments | 4 |
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Current assets |
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Debtors | 5 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 6 | ( |
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Net current liabilities |
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Total assets less current liabilities |
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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 Property Investments Ltd
Statement of financial position (continued)
31 May 2024
These financial statements were approved by the
C Cingi
Director
Company registration number: 12014188
The notes on pages 5 to 8 form part of these financial statements.
Urban High Property Investments 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
Going concern
Consolidation
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 Property Investments Ltd
Notes to the financial statements
Year ended 31 May 2024
3. Accounting policies (continued)
Taxation (continued)
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.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Urban High Property Investments Ltd
Notes to the financial statements
Year ended 31 May 2024
4. Investments
| Shares in group | Total |
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| interests |
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Cost |
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At 1 June 2023 | 23,428 | 23,428 |
Additions | - | - |
Disposals | - | - |
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At 31 May 2024 | 23,428 | 23,428 |
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Impairment |
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At 1 June 2023 and 31 May 2024 | - | - |
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Carrying amount |
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At 31 May 2023 and 31 May 2024 | 23,428 |
5. Debtors
| Note | 2024 | 2023 |
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Amounts owed by subsidiary undertaking | 5.1 | ||
Amounts owed by related company |
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Other debtors |
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5.1 The amounts owed by subsidiary undertaking and related company were advanced for
the acquisition and development of a property and they are interest free. The amounts owed by related company are secured by a debenture over all of the assets of the related company together with shareholder security agreements.
Urban High Property Investments Ltd
Notes to the financial statements
Year ended 31 May 2024
6. Creditors: amounts falling due within one year
| Note | 2024 | 2023 |
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| £ | £ |
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Trade creditors: related companies |
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Other creditors |
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Amounts owed to related companies | 6.1 | ||
Accruals |
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7. Related party balances and transactions
Information on balances due by/to related parties is set out in notes 5 and 6 to these financial statements.
Related party transactions
| Transaction value For the year/period ended 31 May | |
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Expenses |
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Consultancy fees charged by a related company | - | ( |
Accrued director's remuneration | (153) | - |
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Payments for operating transactions |
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Trade creditors: related companies | (103,440) | 26,000 |
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Financing transactions |
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Amounts owed by subsidiary undertaking | ( | ( |
Amounts owed by related company | ( | - |