Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false1false2023-06-01holding company1truetrue 08548356 2023-06-01 2024-05-31 08548356 2022-06-01 2023-05-31 08548356 2024-05-31 08548356 2023-05-31 08548356 c:Director1 2023-06-01 2024-05-31 08548356 d:CurrentFinancialInstruments 2024-05-31 08548356 d:CurrentFinancialInstruments 2023-05-31 08548356 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 08548356 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08548356 d:ShareCapital 2024-05-31 08548356 d:ShareCapital 2023-05-31 08548356 d:CapitalRedemptionReserve 2024-05-31 08548356 d:CapitalRedemptionReserve 2023-05-31 08548356 d:RetainedEarningsAccumulatedLosses 2024-05-31 08548356 d:RetainedEarningsAccumulatedLosses 2023-05-31 08548356 c:FRS102 2023-06-01 2024-05-31 08548356 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08548356 c:FullAccounts 2023-06-01 2024-05-31 08548356 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08548356 2 2023-06-01 2024-05-31 08548356 6 2023-06-01 2024-05-31 08548356 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Registered number: 08548356









URBAN SUMMIT GROUP LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
URBAN SUMMIT GROUP LIMITED
REGISTERED NUMBER: 08548356

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
184
184

Current assets
  

Debtors
 5 
650,900
598,900

Cash at bank and in hand
  
144,576
200,805

  
795,476
799,705

Creditors: amounts falling due within one year
 6 
(7,085)
(1,085)

Net current assets
  
 
 
788,391
 
 
798,620

  

Net assets
  
788,575
798,804


Capital and reserves
  

Called up share capital 
  
52
52

Capital redemption reserve
  
50
50

Profit and loss account
  
788,473
798,702

  
788,575
798,804


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 February 2025.




................................................
S Dunnett
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
URBAN SUMMIT GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


GENERAL INFORMATION

Urban Summit Group Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is Tennyson House, Cambridge Business Park, Cambridge, CB4 0WZ. The principal activity of the company continued to be that of a holding company.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the Company as an individual undertaking and not about its group.
The financial statements are presented in pounds sterling, which is the functional currency of the company and are rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

  
2.3

DEBTORS

Short term debtors are measured at transaction price, less any impairment.

 
2.4

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

  
2.5

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

  
2.6

CREDITORS

Short term creditors are measured at the transaction price.

Page 2

 
URBAN SUMMIT GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.ACCOUNTING POLICIES (CONTINUED)

  
2.7

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to Profit or Loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance bheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

  
2.8

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

  
2.9

TAXATION

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be    recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax    allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.10

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 3

 
URBAN SUMMIT GROUP LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST


At 1 June 2023
184



At 31 May 2024

184






Net book value



At 31 May 2024
184



At 31 May 2023
184


5.


DEBTORS

2024
2023
£
£



Amounts owed by group undertakings
650,900
598,900



6.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Other creditors
7,085
1,085



7.


RELATED PARTY TRANSACTIONS

During the year the company operated a loan account with S Dunnett. The amount included within other creditors and due to S Dunnett at the year end was £7,085 (2023 - £1,085).
The Company has taken advantage of the exemption from the requirement to disclose transactions with wholly owned group companies.


8.


CONTROLLING PARTY

The company is under the ultimate control of S Dunnett by way of his 100% shareholding in the company.


Page 4